1、 Price trend
This week, the factory price of urea in Shandong Province rose. The quoted price rose from 1806.67 yuan / ton at the beginning of the week to 1826.67 yuan / ton at the end of the week, up 20 yuan / ton or 1.11%, 7.45% higher than the same period last year. Overall, the urea market rose this week, and the urea commodity index on December 11 was 84.96.
2、 Market analysis
From the manufacturer’s quotation point of view, the mainstream urea factory price in Shandong area rose this week. At the end of this week, the price of urea in Yangmei plain was 1830 yuan / ton, which was 10 yuan / ton higher than that at the beginning of the week; the price of Shandong Ruixing urea was 1810 yuan / ton at the end of this week, which was 10 yuan / ton higher than that at the beginning of the week; the price of open water urea was 1840 yuan / ton at the end of this week, which was 40 yuan / ton higher than that at the beginning of the week.
From the perspective of supply and demand, the domestic demand is fair, the agricultural demand in the northern region has followed up, and the industrial demand follows the market and purchases on demand. On the supply side, some enterprises limited production and equipment maintenance, resulting in local spot shortage.
From the perspective of upstream and downstream industrial chain: the overall rise of urea upstream products this week: the price of liquefied natural gas rose, with the price of liquefied natural gas rising from 5043.33 yuan / ton at the beginning of the week to 5366.67 yuan / ton at the end of the week, with an increase of 6.41%, 25.59% compared with the same period last year; the price of liquid ammonia rose this week, from 3200.00 yuan / ton at the beginning of the week to 3216.67 yuan / ton at the end of the week, up 0.52% compared with the same period last year 23% year on year. The price of melamine downstream of urea fell this week, from 7433.33 yuan / ton at the beginning of the week to 7200.00 yuan / ton at the end of the week, a decrease of 3.14%. Overall, this week urea cost support is strong.
3、 Future forecast
In the middle of December, the market of urea in Shandong Province fluctuated slightly. According to urea analysts of the business club, the current agricultural demand has been followed up, and the downstream industry has a fair enthusiasm for urea procurement, and the industrial demand is purchased on demand. It is expected that the short-term urea market will fluctuate slightly.
| PVA |