Urea International Price fell again due to weak demand.

This week, the international Urea price generally fell again,affected by the weak demand, slow turnover and other impacts . At present, Urea market in Brazil, the United States and other places is still in the situation of over supply, prices generally fell about Usd15-20/ton. The European market is the same, occasionally there is the phenomenon of inquiry, but the actual transaction is small, the current import offer in more than Usd415-420/ton CFR. The urea market in Asia was under-traded and prices were significantly lower than last week’s level. As a result of the low  demand for urea, the market is still looking to the gas and grain markets, which are also unable to find price support. Despite the current apparent weakness in the market, seasonal demand in the Mediterranean and South Asian markets, as well as underlying support for production costs and grain in the region, should stabilize the market.