Recent urea price trend

As can be seen from the above figure, the factory price of urea in Shandong Province fell this week, and the quotation fell from 2730.00 yuan / ton at the beginning of the week to 2700.00 yuan / ton at the weekend, down 1.10%, up 61.03% compared with the same period last year. Overall, urea fell this week, with the urea commodity index of 125.58 on June 11.

Lower upstream support, lower demand and tight supply end

From the manufacturer’s quotation, the main factory price of urea in Shandong Province fell this week. Urea in yangcoal plain has not been quoted this week; Shandong Ruixing urea quoted 2700 yuan / ton this weekend, which was down 30 yuan / ton compared with the beginning of the week; No quotation for urea in open water chemical industry this week.

From the upstream and downstream industrial chain data, the upstream urea products in this week generally saw a big decline: the price of liquefied natural gas fell slightly, and the quotation fell from 3633.33 yuan / ton at the beginning of the week to 3546.67 yuan / ton at the weekend, down 2.39%, up 41.68% year on year compared with the same period last year; The price of power coal fell slightly, and the price fell from 936.25 yuan / ton at the beginning of the week to 931.25 yuan / ton at the weekend, down 0.53%, up 67.72% year on year compared with the same period last year. The price of liquid ammonia rose slightly, and the quotation rose from 4350.00 yuan / ton at the beginning of the week to 4366.67 yuan / ton at the weekend, up 0.38%, up 47.19% compared with the same period last year. This week, the price of melamine downstream urea rose sharply, from 9666.67 yuan / ton at the beginning of the week to 10333.33 yuan / ton at the weekend, up 6.90%.

From the aspect of demand: agricultural demand starts to slow down, and industrial demand is steadily followed up; Downstream compound fertilizer and rubber plate plant started higher, new orders of enterprises were slightly reduced, melamine was produced again, and demand increased further. From the aspect of supply: the unit maintenance of urea enterprises is still in the near future, with an average operating rate of about 75%, a daily production of 160000 tons, and a tight supply end. Overall, the support for urea cost is weakened this week, downstream demand is slowing, urea supply is tight and supply is short of demand.

The price of the later market is still strong, focusing on the dynamic printing mark

In mid June, the urea market in Shandong Province was mainly in a small fluctuation. Urea analysts of business news agency believe that at present, the agricultural demand has declined, the industrial demand has risen slightly, and the urea supply is tight. It is expected that the domestic urea market will be in short supply in the short term, but the downstream businesses have a strong wait-and-see atmosphere for high price urea, and the market price will fluctuate slightly.