Price trend
On August 1st, the domestic urea market temporarily stabilized.
Analysis review
The upstream Yangquan Anthracite (washing, medium, block) was about 1,130 RMB/ton, the price rose slightly, and the cost support increased.
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 international urea market was on the rise, and India had released a new round of bidding, boosting industry sentiment. The operating rate of the compound fertilizer plant was average, and the enthusiasm for urea procurement was normal. Board and melamine enterprises commonly started construction 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 will fluctuate and rise slightly in the future.
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