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Domestic urea market weak domestic demand, most companies lack of support pre-orders, inventory trend growth, new single pressure, prices have remained stable and the local weakening trend. Since about September 1, North China business mainstream prices fell 50 yuan / ton to 1490-1530 yuan / ton. Under the impact of sluggish demand, VAT and continue to fry up the phenomenon does not appear. India or will be announced tomorrow (September 11) a new round of the tender offer, but also to maintain the international market sluggish trend, the current downstream wait and see mood diminished, is expected due to the sale of competitive pressures, CFR price could fall to $ 270 / ton, conversion China fell to $ 260-265 FOB / ton. Although the price is relatively pessimistic, but domestic companies will take the opportunity to digest the current pressure on the stock. Cho Chong believes that overall market No major positive guidance, expect the recent price of urea is difficult to have the support, price or continue dropping.
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