Last week (April 30 to May 6) domestic urea prices rose 1.2% from the previous week, rising for six consecutive weeks, up 5.3% from the end of March. Fertilizer demand for rice and other crops increased in some areas. Urea prices in Zhejiang, Fujian, and Jiangsu increased by 4.2%, 2.8%, and 1.2% respectively from the previous week. In addition, the demand for chemical fertilizers from countries such as India and Pakistan entered the peak season, and the purchase volume in the international market increased, driving up the export price of urea. Last week, China’s urea offshore prices were reported at US$505-515/ton, which was 5.2% higher than the previous week and was higher than the beginning of April. 17%.
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