Price trend
On September 20th, the domestic urea market rose.
Analysis review
The upstream Yangquan anthracite (washed, medium, block) was around 1,160 RMB/ton, with a temporarily stable price and average cost support.
From a demand perspective, agricultural demand was weakened, industrial demand was average, and urea exports were good. Sporadically replenished in agriculture. The operating rate of the compound fertilizer plant was average, and the enthusiasm for urea procurement was normal. Board and melamine enterprises generally started construction and mainly purchased on demand.
From a supply perspective: Some enterprises stopped for maintenance, and their daily urea production was around 160,000-170,000 tons, indicating sufficient supply.
Market outlook
Urea will fluctuate and fall slightly in the future.
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