Urea market in Shandong region slightly softens on March 9

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The urea market in Shandong has slightly softened, with mainstream small particle transactions at the factory around 1810-1840 yuan/ton, and large particles at approximately 1960 yuan/ton. In Linyi, the first-hand trader’s selling price is around 1880-1890 yuan/ton, while in Heze, the reference price is about 1860-1870 yuan/ton. Hualu’s plant has been shut down for maintenance for several days, but production at other local companies remains generally normal. Over the weekend, market trading was relatively weak, with some manufacturers lowering prices and a moderate amount of new orders being completed. However, on Monday, market sentiment surged unusually high, boosting the overall atmosphere. Manufacturers limited their orders, and the market temporarily adopted a cautious, demand-driven approach, so prices remain firm. Short-term fluctuations may occur based on market sentiment. (Longzhong Information)

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