Trade name: urea
Latest price (May 31): 2386.67 yuan / ton
On May 31, the ex factory quotation of urea in Shandong increased by 33.34 yuan / ton, or 1.42%, compared with the quotation on May 28. The prices of upstream natural gas and coal have dropped slightly recently, and the cost support has weakened. From the perspective of demand, the agricultural demand of different regions has been followed up; The downstream compound fertilizer and rubber sheet factories took goods actively, and the new orders of enterprises followed up well. From the supply side: in recent years, some enterprises in Shandong, Xinjiang, Shaanxi and other places have been overhauled, and the supply side has been tightened. At the same time, the enterprise inventory and social inventory have also been maintained at a low position. In terms of Indian bidding: the bidding price of India RCF company announced that the bidding quantity of East Coast is 795000 tons CFR, and the lowest price is 408.88 US dollars / ton CFR. On the whole, the urea cost support this week is general, the downstream demand is better, and the urea supply is tight.
It is expected that the ex factory price of urea in Shandong will rise slightly in the future: the average price quoted by the manufacturer is about 2400 yuan / ton.
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