The ex-factory price of Luxi urea is lowered by RMB 20/ton. Although the current industry starts at a low level, due to weak market mentality, limited substantive demand, and near New Year's Day, most merchants still wait and see. The overall transaction activity is low; the market temporarily weak

At present, the price of urea has dropped by about US$60/ton from the high price in mid-October, but there is still no indication that this weak situation has ended. As the market is still weak, downstream customers are not sourcing, and some suppliers in several regions are still looking for purcha

Prilled urea: China's bulk FOB price is USD$306-$310/ ton, falls down USD$8/ ton; Yuri , FOB USD$295-298 / ton, falls down USD$2; Baltic, FOB USD$285 -290/ ton, falls down USD$3-5; Middle East, FOB USD$310-31/ ton, falls down USD$10; Brazil, CFR price USD$300-305/ ton, falls down USD$12-15;India, CI

Price is falling due to more than 1 million tons tender in India. The theme of this week is India. MMTC quickly entered the urea market and is expected to purchase about 1.2 million tons. Traders and producers eager to sell, the price has fallen by about $20/ton since the tender in October last year

The market east of Suez is changingDemand of Urea in east of Suez is becoming a major price driver. Western countries are relatively stable, but the government has tendered for a large quantity of urea, covering the risks.Asia's demand in the fourth quarter totaled about 3 million tons, most of whic