SunSirs: On September 28, the Domestic Urea Price Was Temporarily Stable
September 29 2022 10:15:25 SunSirs (John)
Price trend
On September 28, the comprehensive price of domestic urea was temporarily stable at 2,553 RMB/ton, unchanged from that on September 27, and down 9.36% year on year.
Analysis review
The upstream anthracite price rose slightly, with good cost support. In terms of agricultural demand, there was a small amount of stock, and industrial demand was gradually expanding. The operating rate of the rubber sheet plant was low, and the rigid demand procurement was dominant. The operation of the compound fertilizer plant increased, and the demand for urea increased slightly. The price of melamine rose slightly, and the enthusiasm for urea procurement was good. In terms of supply, the daily urea production decreased slightly due to the short shutdown of units in some regions.
Market outlook
In the future, the domestic urea market price is expected to fluctuate up slightly, with the average market price at about 2,570 RMB/ton.
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