Chinese Increase Urea Supply Along with Export Potential

Natural gas price pressures on China’s urea producers are easing from highs induced by the recent cold snap, while operating rates are recovering on increased LNG supply and are at a five-year high in March at 75.7 percent, according to Green Markets Director of Research Alexis Maxwell. She said China’s port inventory is rising in response to higher rates, which portends more exports from the world’s marginal producer.