Domestic prices for urea in China were volatile over the recent weeks. Mainstream prices in Shandong peaked at RMB 2,050/mt ($313/mt) EXW December 25-26 to drop to RMB 1,920/mt ($295/mt) as December progressed. The decline was also influenced by news of a restart of the 760,000 mt/year natural-gas-based YTH urea unit that triggered widespread speculation that other gas-based plants would also restart.
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