SunSirs: On October 25th, the Domestic Urea Market Rose
October 26 2023 09:53:59     SunSirs (John)Price trend
On October 25th, the domestic urea market rose.
Analysis review
The upstream Yangquan anthracite (washed medium block) was around 1,290 RMB/ton, with a temporarily stable price and average cost support.
From a demand perspective, agricultural demand had weakened, industrial demand was average, and urea export information had boosted the industry's mentality. Agriculture had entered the off-season. The operating rate of compound fertilizer plants had decreased, and the enthusiasm for urea procurement had weakened. Board and melamine enterprises generally started construction, with a focus on purchasing just in need
From a supply perspective, some enterprises had completed maintenance, and daily urea production had further increased, resulting in sufficient supply.
Market outlook
Supply exceeds demand, and urea will experience a slight fluctuation and decline in the future.
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