SunSirs: Domestic Urea Prices Rose 0.30% on July 15
July 15 2022 16:09:57 SunSirs (John)Price trend
On July 15, the domestic comprehensive price of urea was 2,638 RMB/ton, an increase of 8 RMB/ton compared with the price on July 14, an increase of 0.30%, and a year-on-year decrease of 4.77%.
Analysis review
The support for urea from upstream cost side is general, downstream agricultural purchases of urea are on demand, and industrial demand is based on rigid demand. India released a new round of bidding information, which boosted market confidence. Some factories in Inner Mongolia, Shandong and Anhui have been overhauled, the daily production of urea has dropped, and the supply pressure has eased.
Market outlook
In the market outlook, it is expected that the domestic urea market price may bottom out and the average market price will be around 2,650 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-02-22 SunSirs: On February 21st, the Urea Market price in Shandong Province rose
- 2024-02-19 SunSirs: On February 18th, the Urea Market in Shandong Province Rose
- 2024-01-26 SunSirs: Urea Market Center May shift Downwards in 2024
- 2024-01-26 SunSirs: In 2023, Urea Exhibited a V-shaped Oscillation
- 2024-01-11 SunSirs: On January 10th, the Urea Market in Shandong Fell
