1、 Price trend
| Thiourea |
This week, the factory price of urea in Shandong Province dropped slightly. The quoted price dropped from 1710.00 yuan / ton at the beginning of the week to 1703.33 yuan / ton at the end of the week, down 6.67 yuan / ton, or 0.39%, or 6.07% compared with the same period last year. Overall, the urea market fell slightly this week, with the urea commodity index of 79.22 on September 25.
2、 Market analysis
From the manufacturer’s quotation, the mainstream urea factory price in Shandong this week fell slightly. At the end of this week, the price of urea in Yangmei plain was 1720 yuan / ton, which was 20 yuan / ton lower than that at the beginning of the week; the price of Shandong Ruixing urea was 1680 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; the price of open water urea was 1710 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.
From the perspective of supply and demand, the recent high consolidation of upstream liquid ammonia has better cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.
From the perspective of upstream and downstream industry chain, the overall urea upstream products rose slightly this week: the price of liquefied natural gas rose slightly, with the quotation rising from 2380.00 yuan / ton at the beginning of the week to 2420.00 yuan / ton at the end of the week, up 1.68%, 13.98% year-on-year compared with the same period last year; the price of liquid ammonia is temporarily stable, with the quotation of 3100.00 yuan / ton, which is 4.42% lower than that of the same period last year Weak support. The price of melamine downstream of urea rose slightly this week, rising by 1.82% from 5500.00 at the beginning of the week to 5600.00 yuan / ton at the end of the week.
3、 Future forecast
In late September, the urea market in Shandong Province fluctuated slightly. Urea analysts of the business club believe that the current agricultural demand has followed up, and the downstream industry is generally enthusiastic about urea procurement. As the National Day approaches, the market trading atmosphere is weakened, and manufacturers reduce prices to absorb orders. It is expected that the short-term urea market will fluctuate slightly.