SunSirs: The Domestic Urea Market Fell on March 7
March 08 2023 09:42:07 SunSirs (John)
Price trend
The domestic urea market fell on March 7.
Analysis review
The upstream Yangquan anthracite (washing medium lump) was about 1,480 RMB/ton, the price was temporarily stable, and the cost support was average.
n terms of demand, agricultural demand increased slightly while industrial demand was better. The operating rate of compound fertilizer plants had gradually increased, and the enthusiasm for urea procurement had increased. The plate and melamine enterprises started averagely, and mainly purchase in needed. However, there was a strong wait-and-see atmosphere for high-priced urea in the downstream.
Market outlook
Urea fell slightly in shock in the future.
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