Domestic urea values in China were lower compared to last week as residual demand for corn application was down further. Prills traded at RMB 1,580-1,600/mt ($254-258/mt) EXW in Shandong and Henan with a low end in Shanxi at RMB 1,540/mt ($248/mt) EXW. The Shanxi trades were indicative of export pricing in the low $290s/mt FOB, significantly above most recent netbacks in regional trades.
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