Chinese Ministry of Commerce 27 Business Forecast, last week (July 18 to 24) the domestic price of urea in the previous week (the same) down 0.4%.
Domestic fertilizer into the off-season in most areas, the market volume is low, Jilin, Liaoning, Gansu wholesale prices fell 4.2% urea, 2.1% and 0.9%; East coincided with corn dressing period, prices rose slightly, including Jiangsu wholesale price of urea or 0.8%.
Recently, a slight rebound in the international price of urea, urea FOB Baltic Sea last week reported that 460-470 U.S. dollars / ton, compared with 3.3 percent rise the previous week. The latter part of Hubei and Hunan, Guangdong and rice into the period of fertilizer, urea demand will rise, the price of urea is expected to decline in the limited space. (Rain rotation)