SunSirs: Domestic Urea Prices Rose 0.45% on June 21
June 22 2022 10:06:42 SunSirs (John)Price trend
On June 21, the domestic comprehensive price of urea stopped falling and rose. The price was 3,094.00 RMB/ton, an increase of 14 RMB/ton or 0.45% compared with the price on June 20, and a year-on-year increase of 15.45%.
Analysis review
Upstream, the cost of urea had general support for urea. Downstream, the demand for urea in agriculture weakened, and the industry was mainly based on just-needed users. The daily production of urea decreased slightly and the supply was insufficient. In the market outlook, urea mainly rose in a narrow range.
Market outlook
In the future, it is expected that the ex-factory price of urea in Shandong may fluctuate upward slightly, and the average price of manufacturers' quotations is about 3,010 RMB/ton.
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