1、 Price trend
According to the price monitoring of the business agency, the ex factory price of urea in Shandong is temporarily stable this week, with the quotation of 1713.33 yuan / ton, down 16.12% year on year. On the whole, the urea market is stable this week, with the urea commodity index of 79.69 on April 10.
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2、 Market analysis
Products: this week, the main urea factory prices in Shandong have risen and fallen. The quotation of Yangmei plain urea this week is 1700 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1690 yuan / ton, which is 10 yuan / ton lower than that at the beginning of the week; Mingshui chemical urea this weekend is 1750 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week.
Market demand: the agricultural demand is relatively low, and some areas need to make up for the shortage; as soon as the industrial demand is met, the production load of the rubber plate factory and the compound fertilizer enterprise is acceptable, follow up and make up the order as required. Supply side: at present, some urea plants are under maintenance or short-term shutdown, and the spot market supply is slightly tight. The short-term urea market is expected to rise slightly.
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Industry chain: the overall price of upstream products this week seems to have increased: the price of natural gas rose slightly, with the quotation rising from 3053.33 yuan / ton at the beginning of the week to 3280.00 yuan / ton at the end of the week, up 7.42%, down 11.91% compared with the same period last year; the price of liquid ammonia this week is temporarily stable, with the quotation of 3216.67 yuan / ton, down 6.04% compared with the same period last year. In general, the urea cost support this week is weak. This week, the price of melamine in the downstream of urea was adjusted at a low level, with a price of 5200.00 yuan / ton. The downstream rubber plate factory has a general enthusiasm for urea procurement, which has a negative impact on the price of urea.
3、 Future forecast
In the middle of April, the urea market in Shandong was mainly up or slightly up. Urea analysts of business club believe that at present, agricultural demand is weak, and the downstream industry has general enthusiasm for urea procurement. It is expected that the short-term urea market will fluctuate slightly and rise mainly.
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