Price trend
On June 8th, the domestic urea market rose
Analysis review
The upstream Yangquan Anthracite (washing medium block) was about 1,160 RMB/ton, with low price consolidation and general cost support. From a demand perspective: agricultural demand had increased, while industrial demand was average. Starting from summer fertilizer preparation and replenishment, the operating rate of compound fertilizer plants had increased, and there was a good enthusiasm for urea procurement. Board and melamine enterprises generally started construction and mainly purchased on demand. From a supply perspective, some enterprises had started to resume production, with daily urea production ranging from 160,000 to 170,000 tons.
Market outlook
Urea will fluctuate to rise slightly in the future.
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