Domestic urea prices were declining overall product trends, market poor take the goods, industrial, agricultural pick-positive poor. Although their overall operating rate declined, supply reduction, but larger still needs time to digest the stock market, coupled with early part shutdowns companies began to gradually resume production, but also to the already weak market bear an impact.
Domestically, due to capacity is too large, seasonal fertilizer demand dispersed, creating a market downturn, while the international market price of urea in the same malaise, and no signs of a rebound. And foreign traders on the domestic prices continue to suppress the port, but also to export to bring heavy shadows. Currently domestic ports urea storage capacity is basically saturated, companies are gradually increasing pressure on the stock. In the case of oversupply highlights some areas even began cheap Paohuo and dealers generally holding chibiguanwang situation, unwilling orders. Industry generally bearish price outlook, domestic urea market situation is grim.