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In 2016, the urea market faced multiple negative pressures, competition intensified, and the market was not optimistic.
The coal chemical production capacity in Northwestern China has been released intensively in the past two years, which has further increased the oversupply of urea.
However, market demand has been sluggish.
In 2015, urea has been sold at "cabbage prices.
" This does not mean that the price has bottomed out, and the price of urea may fall again in 2016.
The collapse of international oil prices, falling food prices, sluggish prices of raw materials and economic downturns have made it difficult for the urea market to go well.
It is expected that the annual average price of urea in 2016 will be lower than that in 2015.
The coal chemical production capacity in Northwestern China has been released intensively in the past two years, which has further increased the oversupply of urea.
However, market demand has been sluggish.
In 2015, urea has been sold at "cabbage prices.
" This does not mean that the price has bottomed out, and the price of urea may fall again in 2016.
The collapse of international oil prices, falling food prices, sluggish prices of raw materials and economic downturns have made it difficult for the urea market to go well.
It is expected that the annual average price of urea in 2016 will be lower than that in 2015.