Hexamine Price Trends in July 2024

China has entered the "Sanfu" period with scorching heat in many regions, but the market for uralyt-U has already sent a clear cooling signal. Factories have reduced their quotations to Shandong by 100 yuan compared to the previous week, taking into account recent increases in freight costs. This results in a larger actual factory price reduction. Upstream raw material liquid ammonia, which affects uralyt-U, may see a significant decline due to a potential downturn in urea prices. This scenario implies further downward pressure on uralyt-U prices in the near future as costs decrease.