SunSirs: On June 6, the domestic urea market rose
June 06 2022 14:10:14Upstream coal and natural gas prices fell slightly, and cost support weakened. In terms of demand, agricultural demand follows up on demand, while industrial demand is dominated by rigid demand. The wheat harvest is coming in the north, the agricultural demand is weakening, and some areas in the northeast and South purchase on demand. The wait-and-see atmosphere of compound fertilizer and rubber plate factories towards high priced urea is becoming stronger, the procurement slows down, the price of melamine drops slightly, and the enthusiasm for urea procurement is weakened. From the perspective of supply, the daily output of urea is about 150000-160000 tons, with a slight decline, and the urea inventory is at a low level.
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