Petrotahlil - China urea prices in Shandong continue to fall on unclear outlook and weak demand.
Urea prices in Shandong, China, continued to decline on unclear market outlook and weak demand.
China's Shandong-based Luxi Chemical continued to suspend its offers because of unclear market outlook, a company source said on Thursday.
EXWH (ex-warehouse) prices for prilled urea at Linyi, Shandong were at yuan (CNY) 2,010/tonne, down by CNY20/tonne ($2.9/tonne) from Monday.
Traders said that demand from the downstream agricultural sector had dwindled, and demand from the industrial sector was not strong enough to support urea prices.
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