On October 22, China’s domestic urea price was temporarily stable

Trade name: urea

Latest price (October 22): 3108.33 yuan / ton

On October 22, the ex factory quotation of domestic urea was temporarily stable, which was temporarily stable compared with that on October 22, with a year-on-year increase of 81.42%. The prices of upstream coal and liquefied natural gas have risen sharply recently, with strong cost support. From the perspective of demand: the demand increases, the agricultural demand begins to prepare fertilizer, the industrial demand rises, the demand for urea in the downstream compound fertilizer and rubber plate plants increases, and the operating load rate of melamine enterprises remains at a high level. Most of them follow up with the acquisition and use of an appropriate amount. In terms of supply, urea has entered the centralized maintenance period, the supply has decreased, and the daily output of urea is about 140000 tons. Internationally: China’s Urea Export began to be limited, or further pushed up the international urea price. On the whole, the urea cost support is strengthened, the downstream demand is increased, the urea supply is reduced, and the supply is in short supply.

In the future, the ex factory price of domestic urea is expected to rise slightly: the average price quoted by the manufacturer is about 3150 yuan / ton.

PVA