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SunSirs: Last Week, The Domestic Urea Price Fell by 2.21%
June 28 2022 13:54:13()

Recent urea price trend

As can be seen from the above figure, the domestic urea market price fell slightly last week, from 3167.00 RMB/ton at the end of two weeks ago to 3097.00 RMB/ton at the end of this week, a decrease of 2.21%, an increase of 15.13% over the same period last year.

The cost support is good, the downstream demand is general, and the urea supply is high

From the manufacturer's quotation, the mainstream factory price of urea in China fell slightly last week. Zhangzhou San'an urea quoted 3300 RMB/ton this weekend, which was temporarily stable compared with the weekend two weeks ago; Shandong Ruixing urea quoted 3060 RMB/ton this weekend, down 90 RMB/ton compared with the weekend two weeks ago; Hualu Hengsheng urea quoted 3085 RMB/ton at the end of this week, down 20 RMB/ton compared with the weekend two weeks ago;

From the data of upstream and downstream industrial chains, the overall upstream products of urea fell slightly last week: the price of liquefied natural gas fell slightly, from 6362.00 RMB/ton at the end of two weeks ago to 5820.00 RMB/ton at the end of last week, a decrease of 8.52%, a year-on-year increase of 64.56% compared with the same period last year; The price of anthracite rose slightly. From May to June, the price of anthracite lump coal rose by about 250 RMB/ton. The price of melamine in the downstream of urea fell slightly last week, from 9600.00 RMB/ton at the end of two weeks ago to 9533.33 RMB/ton at the end of last week, a decrease of 0.69%.

From the aspect of demand: the agricultural demand is general, and the industrial demand is mainly rigid. There is more rainfall in the south, and the agricultural demand is weakened. The enterprises of compound fertilizer and rubber plate plants started their business in general, mainly just needed to purchase. The price of melamine fell slightly, and their enthusiasm for urea purchasing weakened. From the perspective of supply, the daily output of urea is about 170000 tons. Recently, some manufacturers plan to overhaul, and the urea output is expected to be reduced.

Urea prices in the future market fluctuated slightly and fell mainly

In the first ten days of July, the domestic urea market fell slightly, mainly due to consolidation. Urea analysts of SunSirs believe that the market of anthracite lump coal in the upper reaches of urea has risen slightly, and the cost support is good. The downstream agricultural demand is weakened, the industrial demand is dominated, and the Urea Export is limited. Urea daily production is at a high level, with downward expectations. At present, the supply exceeds the demand. Recently, urea may fall in a narrow range.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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