SOCAR had resumed the production of Granular Urea Grade-B
The dollar held gains against major currencies on Friday, after data showed an unexpected decline in new jobs created in the world's largest economy last month, suggesting that the Federal Reserve could cut interest rates sooner than expected. The U.S. economy lost 92,000 jobs last month after a downwardly revised 126,000 increase in January, data showed, while the unemployment rate increased to 4.4%. Economists polled by Reuters had forecast payrolls advancing by 59,000 jobs after increasing by a previously reported 130,000 in January.
"The large downside miss in non-farm payrolls will give the doves at the Fed something to talk about," said David Rees, head of global economics at Schroders in London.
"But at least part of the downside surprise was due to strike action in the healthcare sector that ought to reverse. Beyond that, while the employment report was soft, we doubt it will be long before continued robust growth in the U.S. economy will translate into more sustained demand for labor." In early morning trading, the dollar edged higher against the yen, up 0.2% at 157.85 yen , compared with 157.905 just before the data. The dollar index earlier trimmed its rise, but was up 0.3% at 99.307 . The euro was down 0.4% at $1.1558 . It earlier shaved some of its losses following the jobs report.
Post-payrolls, U.S. rate futures expect the Fed to resume rate cuts in September, instead of October, although the market still sees about 40 basis points of easing in 2026, less than two cuts of 25 bps each.
Good morning. Urea markets rallying last week against backdrop of M.East conflict, and resulting supply disruptions/uncertainty.
Paper framed Fri close:
AG
Mar $640//$655
_[Mar traded $640-$660 range last week]_
Apr $645/$675 – traded $670-75 Fri
_[Apr traded $599-$675 l/w]_
May $550//$635
Cfr Brazil
Mar $615//$635
_[Mar traded $562-$615 l/w]_
Apr $590//$630
_[Apr traded $573 l/w]_
May $525//$590
_[May traded $498 l/w]_
Egypt weekly index = $585
Mar $620//$670
Apr $650//$700
Nola
Phys Fri: Mar $590, $595; Lh Mar/Fh Apr traded $585, $580. April $580. Fh April $585
Paper:
Mar $577//$585 -traded $580 Fri
Apr $577//$580 – traded $577, $585 Fri
May $490//$515
Brazil Amsul
Mar $230//$250
UAN Nola
Mar $385//$400
Apr $405//$420 – traded $410 Fri
_[Apr traded $363 -$410 – l/w]_
May $405//$420 – traded $410
DAP Nola
Mar $645//$655
_[Mar traded $650-$655 l/w]_
Apr $640//$665
MAP Brazil
Mar $735/$760
Apr $730//$760
With conflict in the Middle East quickly tightening trade balances and presenting wider energy challenges, the Profercy World Nitrogen Index rose by 29.57 points to 250.27. This is the greatest weekly move since September 2022.
As is well documented, the Middle East accounts for over 35% of global urea trade, the majority of which is transported through the Strait of Hormuz, a route effectively blocked since 28 February. Most suppliers have stopped engaging in business, with production in Iran and Qatar already curtailed.
Business has been isolated to Oman, which does not rely on the Strait, with cargoes booked in recent days for movement from March into Q2. Regional spot values are now over $130pt above those prior to the conflict.
March commitments from the Middle East included regular contract shipments and spot cargoes to the USA, Australia and SE Asia, while at least 500,000t was planned for movement to India under the 18 February purchasing tender.
Producers elsewhere have, unsurprisingly, witnessed major demand for March and April cargoes. Those in Egypt placed at least 78,000t of granular urea with prices advancing $170pt in a matter of days. Meanwhile, Algerian sales were extended into April with one producer placing 125,000t.
With March already committed, Nigerian producers have been reluctant to place large volumes, although one 30,000t lot was sold at $655pt fob for April.
As is typically the case, cfr values in many markets lag replacement costs. In the West, the USA continues to offer the highest returns for many suppliers, with concerns around the April import line-up intensifying. March barge values in Nola briefly hit a high of $620ps ton fob, well above trading levels in the $460s ps ton before the war began.
The highest barge values this week reflect close to $680pt cfr metric equivalent, with March values today offering just $654pt cfr, below last done fob levels in both Nigeria and North Africa.
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Sunday, 08 March 2026 (Acerto)
Urea
Egypt: AlexFert has sold 5,000t of granular urea at $675/t FOB for April shipment to a nearby destination.
Below are the translations for the provided documents regarding fertilizer and chemical auction prices as of early March 2026.
Document 1: Coking Ammonium Sulfate Auction Price Summary (March 5)
This table compares auction prices for coking ammonium sulfate between late February and early March 2026 across various Chinese enterprises.
| Enterprise | Feb 24–25 Price | March 3–5 Price | Change (Up/Down) |
|—|—|—|—|
| Shanxi Jiaohua | 1085 (Excl. loading) | 1250 (Excl. loading) | +165 |
| Shanxi Yangguang | 1095–1100 (Excl. loading) | 965–970 (Excl. loading) | – (160/155) |
| Shanxi Liheng | 1037 (Excl. loading) | 1235 (Excl. loading) | +198 |
| Shanxi Gengyang | 1010 | 1240 | +230 |
| Pingyao Yikuang | 1015 (Excl. loading) | 1230 (Excl. loading) | +215 |
| Meijin Huasheng | 1025 (Excl. loading) | 1220–1230 (Excl. loading) | +(195/205) |
| Shanxi Yaxin | 1035–1040 | 1250 | +(215/210) |
| Hebei Huafeng | 1090 | 1225 | +135 |
| Tangshan Zhongrun | 1138 | 1308 | +170 |
| Anhui Linuan | 1085 | 1259 | +174 |
| Jilin Jianlong | 1295 | 1340 | +45 |
Document 2: Global Urea Market Intelligence (March 7, 2026)
The international urea market is experiencing a massive price surge due to military conflict in the Middle East, with export prices in some regions rising by over $200/ton—a 40% increase in one week.
Regional Market Highlights
Middle East Supply: The region exports 20 million tons of urea annually; current military conflicts pose an unprecedented threat to global supply. Most shipowners refuse to transit the area, and some insurance companies have canceled coverage.
Qatar: QatarEnergy has suspended urea production due to the natural gas crisis. On March 4, they declared Force Majeure on prior contracts.
Egypt: Israeli gas supplies to Egypt have been interrupted. Export prices for large granular urea reached $665/ton FOB by March 5.
Malaysia: Petronas sold 30,000 tons of large granular urea on March 5 at approximately $650/ton FOB.
Algeria: Prices rose steadily from late February, reaching $658/ton FOB by March 5. April resources are quoted as high as $680–700/ton.
Nigeria: Dangote sold 30,000 tons on March 5 at $655/ton FOB, up from $470/ton in mid-February.
Europe/USA: European natural gas prices soared to 54.29 Euros/megawatt-hour. Urea production costs in Europe have reached 580–600 Euros, with selling prices around 630 Euros. US Gulf prices reached $570–600/ton FOB by March 6.
Iran: Exports are expected to drop below 4 million tons in 2026, down from 5.75 million tons in 2024.
* Bangladesh: Suspended gas supply to five fertilizer plants has impacted 3 million tons of annual capacity.
This table summarizes the auction prices for Coking Ammonium Sulfate as of March 5th, comparing price points between late February and early March for various Chinese enterprises.
Summary of Coking Ammonium Sulfate Auction Prices (March 5)
| Enterprise (Location/Name) | Feb 24–25 Price | March 3–5 Price | Price Change |
|—|—|—|—|
| Shanxi Jiaohua | 1085 (Excl. loading) | 1250 (Excl. loading) | +165 |
| Shanxi Yangguang | 1095–1100 (Excl. loading) | 965–970 (Excl. loading) | -(160/155) |
| Shanxi Liheng | 1037 (Excl. loading) | 1235 (Excl. loading) | +198 |
| Shanxi Yongxin | 1005–1010 | — | — |
| Shanxi Gengyang | 1010 | 1240 | +230 |
| Pingyao Yi Kuang | 1015 (Excl. loading) | 1230 (Excl. loading) | +215 |
| Meijin Huasheng | 1025 (Excl. loading) | 1220–1230 (Excl. loading) | +(195/205) |
| Shanxi Yaxin | 1035–1040 | 1250 | +(215/210) |
| Shanxi Dongyi | 1005 (Excl. loading) | 1215 (Excl. loading) | +210 |
| Xiaoyi Pengfei | 1010 | 1220 | +210 |
| Shanxi Jin Ding Hongda | 1045–1050 | 1255 | +(210/205) |
| Shanxi Jin Ding Luba | 1055 | 1220–1225 | +(165/170) |
| Hebei Huafeng | 1090 | 1225 | +135 |
| Hebei Hangang | 1045 (Excl. loading) | 1200 (Excl. loading) | +155 |
| Qian'an Jiujiang | 1130 | — | — |
| Qian'an Zhonghua | 1136 | 1280 | +144 |
| Tangshan Zhongrun | 1138 | 1308 | +170 |
| Shandong Laigang | 1075 (Excl. loading) | 1247 (Excl. loading) | +172 |
| Tiexiong Xinsha | 1100 | 1250 | +150 |
| Shandong Rongxin | 1110 | — | — |
| Yizhou Meijiaohua | 1106 | 1208 | +102 |
| Anhui Linuan | 1085 | 1259 | +174 |
| Anhui Liuan Iron & Steel | 1040 | 1185 | +145 |
| Henan Liyuan | 1086 | 1195 | +109 |
| Henan Shunchang | 1079 | 1200 | +121 |
| Henan Shoushan | 1000 (Excl. loading) | 1100 (Excl. loading) | +100 |
| Bayannur Energy | 950 (Excl. loading) | 1080 (Excl. loading) | +130 |
| Xilaifeng | 970 | 1080 | +110 |
| Baogang Qinghua | 993 | 1128 | +135 |
| Baogang | 993 | 1163 | +170 |
| Jianlong Xigang | 1000 | 1060 | +60 |
| Jilin Tonggang | 1250 | 1330 | +80 |
| Jilin Jianlong | 1295 | 1340 | +45 |
| Yunmei Shizong | 1090 | 1200–1210 | +(110/120) |
Key Observations
General Trend: The vast majority of companies saw a significant price increase between late February and early March.
Highest Increase: Shanxi Gengyang reported the largest single price jump of 230.
Highest Price Point: Jilin Jianlong maintains the highest overall price at 1340.
Outlier: Shanxi Yangguang was the only enterprise to show a decrease in price (dropping by 155–160).
Xinjiang Daily, March 6
I. PRICE AND PRODUCTION
1. Northern Xinjiang
China Energy: Stop receiving payments
Daily output: 4,200 tons
Jinjiang: Stop receiving money
Daily output: 1,700 tons
Uranium petrochemical: 1600, up 50 yuan
Daily output: 1,700 tons
IKEA: Stop receiving payments
Daily output: 1,300 tons
Yan Mining: Stop Receiving Money
Daily output: 1,300 tons
Connected: differentiating conversion
Daily output: 1,300 tons
China Energy Green Source: 1,440, up 20 yuan
Daily output: 5000 tons
2. Southern Xinjiang:
New Ji Particles stopped collecting payments
Daily output: 1,700 tons
New Jida particles 1720, price stable
Daily output: 1000 tons
Destiny: 1560, up 50 yuan
Daily output: 1,800 tons
Tata Petrochemical: Downtime
Hua Jin: Stop collecting money
Production: 2,100 tons per day
Jade elephant: 1510, price stable
Daily output: 800 tons
Great River: 1590, price stable
Daily output: 400 tons
Total daily output: 24,300 tons
Note: This price is market quote
II. Internal market conditions in Xinjiang
1. The factory
On the supply side, factories are producing normally and running smoothly. Today, prices in Xinjiang have increased, the receipts are good, some brands have continued to stop receiving, and the execution of pre-existing contract orders is mainly the case. The factory gave priority to implementing the plan for fire transportation to the station, and the overall delivery of local motor transportation was normal.
2. Downstream
The traders bought and sold back-to-back, corresponding to the receipts in accordance with their plans, and the warehouse sources of the winter storage traders began to release. Prices in Xinjiang are on an upward trend, market prices continue to rise, and social stocks are beginning to be released for sale. Agricultural demand is in the period of fertilizer preparation, the market is more active in purchasing, the rallying sentiment continues, sales are hot, the overall trading sentiment is good, and the receipts are good.
Urea factories in China contact
This report details the wholesale prices and sales volumes of urea from key supply and circulation enterprises as of March 5, 2026.
1. Small and Medium Granules (中小颗粒)
Monitored Date: March 5, 2026
| No. | Enterprise Name | Contact | Province | Avg. Wholesale Price (RMB/ton) | Sales Volume (tons) | Remarks |
|—|—|—|—|—|—|—|
| 1 | China Agricultural Means of Production Group | Wang Shan (13811051995) | Shandong | 1820 | 644 | Ex-factory |
| | | | Guangdong | 1930 | – | Ex-warehouse |
| | | | Guangxi | 1920 | 1000 | Ex-warehouse |
| | | | Liaoning | 1830 | – | Ex-factory |
| | | | Inner Mongolia | 1660 | 140 | Ex-factory |
| 2 | United Agricultural Assets (Beijing) Co., Ltd. | Zhang Hao (13001032885) | Guangdong | 1940 | – | Ex-warehouse |
| | | | Hubei | 1880 | 1300 | Ex-warehouse |
| 3 | Jilin Longyuan Agricultural Shares Co., Ltd. | Li Qingyu (15948380878) | Jilin | 1820 | – | Ex-factory |
| 4 | Heilongjiang Xin Fengnong Agricultural Group | Sun Anlong (15124501527) | Heilongjiang | 1840 | 66 | Ex-warehouse |
| 5 | Jilin Yuntianhua Agricultural Development | Li Dahai (15764391999) | Jilin | 1860 | – | Ex-factory |
| 6 | Hunan Longke Agricultural Chain | Mao Jun (15874858802) | Hunan | 1880 | 420 | Ex-warehouse |
| 7 | Liaoning Chemical Fertilizer Co., Ltd. | Lv Xiaohui (13644409002) | Liaoning | 1840 | – | Ex-factory |
| 8 | Hebei Agricultural Production Materials Group | Zhang Jianlong (17733867910) | Hebei | 1770 | 300 | Ex-factory |
| 9 | Hunan Sanxiang Agricultural Production Materials | Zhou Jun (18974808585) | Hunan (1) | 1840 | 326 | Ex-factory |
| | | | Hunan (2) | 1820 | 105 | Ex-factory |
| 10 | Heilongjiang Beidahuang Agricultural | Wang Zihui (18045649997) | Heilongjiang | 2000 | – | Rail Arrival |
| 11 | Anhui Hui-long Agricultural Group | Liu Jie (18956003433) | Anhui | 1820 | 3422 | Ex-factory |
| 12 | Zhejiang Agricultural Group Co., Ltd. | Wang Chenyang (13858186862) | Zhejiang | 1970 | 198 | Delivered |
| 13 | Guangdong Tianhe Agricultural Shares | Chen Jiashan (13570337225) | Guangdong | 1930 | 190 | Based on Guangzhou ex-whse + freight |
| 14 | Shandong Xianghe Agricultural Production | Jiang Hao (18053977588) | Henan | 1790 | – | Ex-factory |
| 15 | Bayannur City Tianji Agricultural Production | Ren Xinyuan (13614889163) | Inner Mongolia | 1660 | 140 | Ex-factory |
| 16 | Guizhou Agricultural Production Materials | Lan Qing (13765135926) | Guizhou | 2125 | – | Ex-warehouse |
| 17 | Liaoning Dongbei Feng Special Fertilizer | Liu Bo (15500025881) | Liaoning | 1830 | 750 | Ex-warehouse |
| 18 | Suihua Qing’an Dadi Fertilizer Sales | Yang Mengying (13136918152) | Heilongjiang | 1850 | – | Ex-warehouse |
| 19 | Gansu Supply and Marketing Agricultural Group | Zhang Hongwei (17793108695) | Gansu | 1730 | 211 | Ex-factory + freight + handling |
| 20 | Jiangxi Wofeng Agricultural Materials Chain | Wang Fangyan (13133825131) | Jiangxi | 2020 | – | Ex-warehouse |
| 21 | Shandong Supply and Marketing Agricultural | Zhang Bo (13506322516) | Shandong | 1850 | 200 | Ex-factory |
| 22 | Shaanxi Nongke Fertilizer Co., Ltd. | Li Peng (18220841204) | Shaanxi | 1780 | 301 | Ex-factory |
| 23 | Shaanxi Zhongheng Agricultural Science | Gao Kai (13468921132) | Shaanxi (1) | 1755 | – | Ex-factory |
| | | | Shaanxi (2) | 1750 | 54 | Ex-factory |
| 24 | Xinjiang Nongjia Le Agricultural Tech | Xu Guohua (13669963696) | Xinjiang (S) | 1513 | 2417 | Ex-factory |
| | | | Xinjiang (N) | 1336 | 2127 | Ex-factory |
| 25 | Yantai City Agricultural Production | Zhang Lingzhi (13184008930) | Shandong | 1895 | 14 | Ex-warehouse |
| 26 | Chongqing Agricultural Assets Chain | Zeng Juntao (15998965359) | Chongqing | 1830 | – | Ex-factory |
| | | | Guangxi | 1790 | – | Ex-factory |
| | | | Inner Mongolia | 1680 | – | Ex-factory |
| 27 | Xinjiang XPCC Agricultural Production | Xue Jingtian (19990616888) | Xinjiang | 1555 | – | Ex-factory |
| 28 | Yantai City Jiayu Agricultural Production | Qu Jing (15064525169) | Shandong | 1930 | – | Ex-warehouse |
| | | | Hebei | 1870 | – | Ex-warehouse |
| | | | Liaoning | 1920 | – | Ex-warehouse |
| 29 | Qinghai Agricultural & Livestock Materials | Lv Hong (13709789303) | Qinghai | 1680 | 481 | Ex-warehouse |
| | | | Gansu | 1740 | 286 | Ex-warehouse |
| 30 | Hulunbuir Agricultural & Livestock Materials | Cui Lirun (18647008000) | Inner Mongolia | 1670 | – | Ex-warehouse |
| 31 | Jiangsu Suzhou Agricultural Group | Xu Mingjun (18013895777) | Jiangsu (1) | 1900 | – | Ex-factory |
| | | | Jiangsu (2) | 1860 | – | Ex-factory |
| 32 | Shaanxi Shengshi Zhongnong Agricultural | Zhang Aiping (13363991745) | Shaanxi | 1785 | 165 | Ex-warehouse |
| 33 | Xinjiang Nanjiang Hope Agricultural | Liu Jianhua (15199309615) | Xinjiang | 1737 | 93 | Ex-warehouse |
| 34 | Yantai Xiruikang Agricultural Production | Wei Zhengchao (18653512387) | Shandong | 1940 | – | Ex-warehouse |
| 35 | Banglidatong Agricultural Assets Chain | Zhang Shuo (13982222231) | Sichuan | 1760 | – | Platform |
| 36 | Beijing City Fengshuo Da Agricultural | Zhang Guijuan (13311160150) | Hebei | 1820 | 280 | Ex-factory |
| | | | Inner Mongolia (1) | 1770 | – | Ex-factory |
| | | | Inner Mongolia (2) | 1680 | – | Ex-factory |
| | | | Inner Mongolia (3) | 1630 | – | Ex-factory |
| | | | Inner Mongolia (4) | 1750 | 453 | Ex-factory |
| | | | Heilongjiang | 1780 | – | Ex-factory |
| 37 | Hebei Jinkiao Agricultural Assets | Wu Haihong (15610906068) | Hebei | 1870 | 26 | Ex-warehouse |
| 38 | Shanxi Agricultural Assets Group | Feng Chao (18503519263) | Shanxi | 1920 | – | Delivered |
| 39 | Yunnan Agricultural Production Materials | Zhang Haoran (13888907705) | Yunnan | 1910 | 71 | Ex-warehouse |
| 40 | Dingxi City Anding District Agricultural | Zhu Huaijun (13993268024) | Gansu | 1730 | 55 | Ex-warehouse |
| 41 | Jinchang Zhengyu Chemical Co., Ltd. | Ding Li (13830591206) | Ningxia | 1600 | 168 | Ex-warehouse |
| 42 | Ningxia Supply & Marketing Agricultural | Liu Bo (18895290314) | Ningxia (1) | 1620 | 350 | Ex-factory |
| | | | Ningxia (2) | 1680 | 132 | Ex-factory |
> Note: Different prices for the same enterprise in one province are due to sources from different factories.
>
2. Large Granules (大颗粒)
Monitored Date: March 5, 2026
| No. | Enterprise Name | Contact | Province | Variety | Avg. Price | Sales | Remarks |
|—|—|—|—|—|—|—|—|
| 1 | China Agricultural Means of Production | Wang Shan | Shandong | Type II Large | 1950 | 500 | Ex-warehouse |
| | | | Liaoning | Type I Large | 2040 | – | Ex-warehouse |
| | | | Inner Mongolia | Type I Large | 1820 | 280 | Ex-factory |
| 2 | United Agricultural Assets (Beijing) | Zhang Hao | Liaoning | Type I Large | 2040 | – | Ex-warehouse |
| 3 | Jilin Longyuan Agricultural Shares | Li Qingyu | Jilin | Type I Large | 2100 | 11 | Ex-warehouse |
| 4 | Heilongjiang Xin Fengnong Agricultural | Sun Anlong | Heilongjiang | Type I Large | 2100 | 250 | Platform |
| 5 | Jilin Yuntianhua Agricultural Dev. | Li Dahai | Jilin | Type I Large | 2100 | – | Ex-warehouse |
| 6 | Hunan Longke Agricultural Chain | Mao Jun | Jiangxi | Type I Large | 1950 | – | Ex-warehouse |
| 7 | Liaoning Chemical Fertilizer Co. | Lv Xiaohui | Liaoning | Type I Large | 2040 | – | Ex-factory |
| 8 | Hebei Agricultural Production Group | Zhang Jianlong | Hebei | Type I Large | 1900 | 200 | Ex-warehouse |
| 9 | Hunan Sanxiang Agricultural Production | Zhou Jun | Hunan | Type II Large | 1950 | – | Ex-factory |
| 10 | Heilongjiang Beidahuang Agricultural | Wang Zihui | Heilongjiang | Type I Large | 2470 | – | Rail Arrival |
| 11 | Anhui Hui-long Agricultural Group | Liu Jie | Anhui | Type I Large | 1920 | 78 | Platform |
| 12 | Zhejiang Agricultural Group Co. | Wang Chenyang | Zhejiang | Type I Large | 2070 | 865 | Delivered |
| 13 | Guangdong Tianhe Agricultural Shares | Chen Jiashan | Guangdong | Type I Large | 2000 | 162 | GZ ex-whse base |
| 14 | Shandong Xianghe Agricultural | Jiang Hao | Henan | Type I Large | 1860 | – | Ex-factory |
| 15 | Bayannur City Tianji Agricultural | Ren Xinyuan | Inner Mongolia | Type I Large | 1760 | – | Ex-factory |
| 16 | Liaoning Dongbei Feng Fertilizer | Liu Bo | Liaoning | Type I Large | 2050 | – | Ex-warehouse |
| 17 | Suihua Qing’an Dadi Fertilizer | Yang Mengying | Heilongjiang | Type I Large | 2100 | – | Ex-warehouse |
| 18 | Gansu Supply & Marketing Group | Zhang Hongwei | Gansu | Type I Large | 1800 | 161 | Ex-warehouse |
| 19 | Jiangxi Wofeng Agricultural Assets | Wang Fangyan | Jiangxi | Type I Large | 2110 | – | Ex-warehouse |
| 20 | Shandong Supply & Marketing | Zhang Bo | Shandong | Type II Large | 1970 | 100 | Ex-factory |
| 21 | Shaanxi Nongke Fertilizer Co. | Li Peng | Shaanxi | Type I Large | – | – | Ex-factory |
| 22 | Shaanxi Zhongheng Agricultural | Gao Kai | Shaanxi | Type I Large | – | – | Ex-factory |
| 23 | Xinjiang Nongjia Le Agricultural | Xu Guohua | Xinjiang | Type I Large | 1700 | 140 | Ex-warehouse |
| 24 | Yantai City Agricultural Production | Zhang Lingzhi | Shandong | Type II Large | 2010 | 573 | Ex-warehouse |
| 25 | Xinjiang XPCC Agricultural | Xue Jingtian | Xinjiang | Type I Large | 1730 | – | Ex-factory |
| 26 | Yantai City Jiayu Agricultural | Qu Jing | Shandong | Type I Large | 2030 | – | Ex-warehouse |
| | | | Hebei | Type I Large | 2010 | – | Ex-warehouse |
| | | | Liaoning | Type I Large | 2120 | – | Ex-warehouse |
| 27 | Hulunbuir Agricultural & Livestock | Cui Lirun | Inner Mongolia | Type II Large | 2000 | – | Ex-warehouse |
| 28 | Jiangsu Suzhou Agricultural Group | Xu Mingjun | Jiangsu | Type I Large | 1970 | 805 | Ex-warehouse |
| 29 | Jiangsu Suzhou Agricultural Group | Xu Mingjun | Jiangsu | Type II Large | 1980 | – | Ex-warehouse |
| 30 | Shaanxi Shengshi Zhongnong | Zhang Aiping | Shaanxi | Type I Large | 1890 | – | Ex-warehouse |
| 31 | Xinjiang Nanjiang Hope Agricultural | Liu Jianhua | Xinjiang | Type II Large | 1990 | 1.9 | Ex-warehouse |
| 32 | Yantai Xiruikang Agricultural | Wei Zhengchao | Shandong | Type I Large | 2030 | – | Ex-warehouse |
| 33 | Shanxi Agricultural Assets Group | Feng Chao | Shanxi | Type I Large | 1990 | – | Delivered |
| 34 | Jinchang Zhengyu Chemical Co. | Ding Li | Ningxia | Type I Large | 1900 | – | Ex-warehouse |
Urea Daily Review
Date: Friday, March 6, 2026
Supply and Production
Daily Output: The urea industry produced approximately 220,500 tons on March 6.
Daily Change: This represents a decrease of about 1,700 tons compared to the previous working day.
Year-on-Year Change: Output is up by approximately 23,900 tons compared to the same period last year.
Plant Status: The Henan Zhongyuan Dahua facility is currently undergoing a short-term shutdown; however, production at other enterprises remains normal.
Market Trends and Pricing
Price Movement: Current urea market price quotes are generally trending toward "weak stability."
Negotiation Room: In mainstream regional markets, there is more room for price negotiation than before.
Demand Support: Support from the demand side is showing signs of weakening.
Demand Analysis
Agricultural Sector:
Top-dressing for the "green-up" stage in the Central Plains, Jiangsu, and Anhui has reached its end.
Small pockets of demand remain in Shandong and Hebei due to regional differences, but the fertilizer gap is small.
The urgency for agricultural stock has dropped significantly.
Industrial Sector:
Operating rates for compound fertilizer enterprises are gradually recovering, but procurement remains flat due to cost pressures and order statuses.
The panel/board industry is seeing a slow recovery in operations.
Traders lack the motivation to place follow-up orders, leading to quiet overall market activity.
Overall Outlook
Weakening Demand: Agricultural demand is expected to gradually decrease as the production cycle advances.
Supply Impact: The concentrated release of reserve stocks into the market has bolstered supply levels.
Price Pressure: Due to the combination of ample supply and fading demand, prices have begun to show an initial downward loosening trend.
March 6, 2026 (Friday)
Ammonium Sulfate Price Market on March 6
Ammonium sulfate prices continued their upward trend today. Ongoing conflicts in the Middle East favor the high-level operation of international urea and ammonium sulfate; domestic factories have not reduced their sentiment to push prices up, and it is expected that the short-term market will mainly continue its high-level firm trend. However, as prices continue to be pushed up, market risk-aversion sentiment has increased because domestic ammonium sulfate market prices are currently at high levels, and the increase is mainly due to the influence of the international situation in the Middle East, which plays a large role in guiding sentiment. Procurement sentiment has become cautious, and the wait-and-see atmosphere remains unabated. Follow-up should focus more on terminal transaction conditions and the international political situation.
Regional Company and Auction Details
Shandong Yulong Petrochemical: The unit is operating normally; the auction quantity was 2,000 tons with a starting bid of 1,180 RMB/ton; the final transaction price was 1,225 RMB/ton, an increase of 75–80 RMB/ton.
Hebei Tanggang Meijin: Ammonium sulfate auction for a quantity of 400 tons; final transaction price was 1,315 RMB/ton, an increase of 207 RMB/ton.
Liaoning Linggang First Coking Plant: Ammonium sulfate quotation is 1,230–1,235 RMB/ton; steadily shipping previous orders; quantity is 800 tons.
Tangshan Baoliyuan Chemical: This week's latest ammonium sulfate quotation was raised to 1,255 RMB/ton.
Xinyu Iron & Steel: Ammonium sulfate auction quantity was 270 tons with a starting bid of 1,180 RMB/ton; final transaction price was 1,255–1,260 RMB/ton, an increase of 215 RMB/ton.
Hubei Xinyegang Coking: Ammonium sulfate price implemented at 1,150 RMB/ton, an increase of 160 RMB/ton.
Henan Yanhua: Ammonium sulfate auction quantity was 350 tons; transaction price was 1,265–1,300 RMB/ton, an increase of 210–245 RMB/ton.
Inner Mongolia Junzheng Chemical: This week's latest ammonium sulfate quotation was raised to 1,090 RMB/ton.
Ningxia Qinghua: Ex-factory quotation raised by 110 to 1,080 RMB/ton.
Shanxi Lu'an Yishen Energy Coking: Ammonium sulfate auction transaction price was 1,265 RMB/ton, an increase of 250 RMB/ton.
Caprolactam-Grade Ammonium Sulfate Factory Price References
Shandong Luxi Chemical: Caprolactam superior grade 1,360 (up 10).
Shanxi Lanhua: Unit shut down for maintenance; no quotation for now.
Baling Hengyi: Caprolactam domestic sales quotation 1,370.
Hualu Hengsheng: Power plant ammonium sulfate crystal 1,265 (up 30).
Shandong Hualu Hengsheng: Caprolactam ammonium sulfate bulk 1,380 (up 20); 50kg small bags 1,430 (up 20); ton bags 1,440 (up 20); 25kg small bags 1,450 (up 20).
Cangzhou Xuyang: Caprolactam (bulk) quotation 1,360 (up 60).
Dongming Xuyang: Caprolactam 1,320.
Guangxi Hengyi: Caprolactam ammonium sulfate ex-factory quotation 1,410.
[Urea] On March 6, the daily production of the urea industry was 220,500 tons, a decrease of 17,000 tons from the previous working day; compared to the same period last year, it increased by 23,900 tons. The current operating rate is 93.65%, an increase of 6.27% from 87.38% last year.
Morning. Amidst M.East supply uncertainty, higher phys reports (S.E Asia, N.Africa, Nigeria) brought a rally on Int'l paper that pushed Mar/Apr AG values up $60+/- into $640-$660 range y'day, while Mar Brazil traded $610-$615cfr. Nola phys values started the day higher at $620-$610, before values fell back down to mid-$580s.
AG weekly index = $562.50
Mar $645//$655 – traded $640, $660, $640, $650
Apr $650//$675 – traded $599, $640, $650s……$670 today
May $550//$635
Cfr Brazil weekly index = $540
Mar $615//$635 – traded $610, $615
Apr $600//$635
May $505//$570
Egypt weekly index = $585
Mar $620//$670
Apr $650//$700
Nola
Phys: Loaded traded $585; Mar $620, $610, $600, $590; Lh Mar $610, $600, $595, $585; Fh Apr $585;
Paper:
Mar $582//$600 – traded $590
Apr $565//$577
May $480//$510
Brazil Amsul weekly index = $237
Mar $230//$250
UAN Nola weekly index = $367.50
Mar $385//$400
Apr $385//$405
DAP Nola weekly index = $640
Phys: Mar traded $649
Mar $645//$657 – traded $655
Apr $640//$665
MAP Brazil weekly index = $735
Mar $735/$760
Apr $730//$760
n already tight Western Canadian UREA market isnt going to be helped by the events in Iran, we saw $100CAD jump in urea on NOLA trading yesterday. $1200/mt retail coming if this drags on? Molten sulphur trade is equally or more reliant om middle east supply, so I expect the best case is this stops any chance of prices meaningfully retreating from record highs, worst case we go higher on raw material sulphur costs to levels that accelerate phos and sulphur fertilizers shutting down indefinitely.