Trade name: urea

Latest price (August 5): 1730.00 yuan / ton

On August 5, the factory price of urea in Shandong Province rose, which was 63.33 yuan / ton, or 3.80%, higher than that on August 3. The upstream liquid ammonia has recently hit the bottom and rebounded, with strong cost support. Under the influence of India’s continuous bidding and other favorable effects, the enterprise mentality improved and the market trading was smooth. Today, prices in Shandong, Hebei, Henan, Shanxi, Inner Mongolia, Anhui, Jiangsu and other places increased by 10-80 yuan / ton.

It is expected that the short-term urea market will rise mainly due to small fluctuations: the average price quoted by manufacturers is about 1750 yuan / ton.