Price trend
On July 19th, the domestic urea market rose.
Analysis review
The upstream Yangquan Anthracite (washing, medium, block) was about 920 RMB/ton, the price was consolidated and cost support was general.
From a demand perspective: agricultural demand had increased, while industrial demand was average. The peak season for fertilizer use in summer had begun, leading to an increase in agricultural demand. The rise in the international urea market boosted the industry's mentality. The operating rate of the compound fertilizer plant was average, and the enthusiasm for urea procurement was normal. The operating rate of plate and melamine enterprises was average and mainly purchased on demand.
From a supply perspective, some enterprises had started to resume production, with daily urea production ranging from 160,000 to 170,000 tons.
Market outlook
Urea market will fluctuate and rise slightly in the future.
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