SunSirs--China Commodity Data Group

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SunSirs: Views on the Rise and Fall of Urea on June 17

June 18 2020 11:04:54     SunSirs (John)

Product Name: Urea

Latest price (June 17): 1,676.67 RMB/ton

 

On June 17, the urea ex-factory quotation in Shandong was temporarily stable, which was the same as the quotation on June 15. In North China and Central China, the wheat harvest season has entered the end, and agricultural demand has declined slightly. Downstream compound fertilizer and sheet metal companies are cautious in purchasing. They purchase more on demand, follow the picking and use, and follow up appropriately.

Recently, urea companies have started to decline slightly, and the market supply is relatively sufficient. It is expected that the short-term urea market will fluctuate slightly: the average price quoted by manufacturers will be around 1,670 RMB/ton.

 

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