UREA: Prices in Shandong, China are stable-to-firmer

10 June 2014 09:02 Source:ICIS

Urea prices in Shandong, located in east China are stable-to-firmer. EXW offers are mostly at yuan (CNY) 1,520-1,540/tonne ($244-247.2/tonne) and several offers are even higher. Producers mostly fulfil the previous orders. Supply from some producers is tight. Demand from local agricultural sector decreases slightly, but demand from industrial sector remains stable from the afternoon of 9 June. EXW prices for granules rise to CNY1,600-1,620/tonne amid good sales.

($1 = CNY6.23)

By Adele Zhu