The urea price in the international market last week was generally stable, the price in the western hemisphere was stable in June, and the eastern hemisphere market was weaker due to the decrease in China’s urea prices. The price of small-particle urea FOB prices in China has dropped from 340 US dollars (t price, the same below) to 330 in the previous week. -335 U.S. dollars and no actual transaction was reached. Worse, there is a further downward trend in prices before India announces new tenders. The market demand in Southeast Asia has not yet been met, Indonesia's small granule urea prices are 25 US dollars higher than the large particles, Indonesia's small granules of urea this week, the sale of competitive bidding is very intense.

The current price in Yuzhny Port has not yet been tested. Traders who want to export to the Latin American market must currently accept urea for delivery in the short term, and delivery will be loose after June. The Baltic suppliers had already sold out their production in the first half of June, with the FOB price at $340. The FOB price must now fall below US$330, and the sources of purchases recently made by traders can be sold.

At the annual meeting of the International Fertilizer Industry Association held in Chicago this month, the most talked about this year's urea market will fall to what kind of low, and now there are signs of weakness in the market. Several urea producers are still counting on the U.S. market. In fact, the U.S. fertilizer season is already over. It is expected that the international urea price will continue to be under pressure for a short period of time until China's inventory begins to decline, and the latest production is sold again.