Recent urea price trend

From the above figure, the factory price of urea in Shandong Province fell this week, and the price of urea in Shandong Province fell from 2700.00 yuan / ton at the beginning of the week to 2680.00 yuan / ton at the weekend, down 0.74%, up 59.84% compared with the same period last year. Overall, urea fell this week, with the urea commodity index of 124.65 on June 18.

Upstream support is enhanced, downstream demand slows down, supply side is tight

From the manufacturer’s quotation, the main factory price of urea in Shandong Province fell this week. Urea in yangcoal plain has not been quoted this week; Shandong Ruixing urea quoted 2680 yuan / ton this weekend, which was down 20 yuan / ton compared with the beginning of the week; No quotation for urea in open water chemical industry this week.

From the upstream and downstream industrial chain data, the upstream urea products in this week generally saw a big increase: the price of liquefied natural gas rose slightly, and the quotation rose from 3546.67 yuan / ton at the beginning of the week to 3626.67 yuan / ton at the weekend, up 2.26%, up 44.87% year on year compared with the same period last year; The price of power coal rose slightly, and the price rose from 931.25 yuan / ton at the beginning of the week to 973.75 yuan / ton at the weekend, up 4.56%, up 70.68% compared with the same period last year. The price of liquid ammonia rose slightly, and the price rose from 4366.67 yuan / ton at the beginning of the week to 4400.00 yuan / ton at the weekend, up 0.76%, up 41.18% compared with the same period last year. This week, the price of melamine downstream urea increased slightly, from 10333.33 yuan / ton at the beginning of the week to 10600.00 yuan / ton at the weekend, up 2.58%.

From the aspect of demand: the peak of agricultural demand has passed, and the industrial demand has been steadily followed up; Downstream compound fertilizer plant, rubber plate factory can start, the new enterprise follow-up slightly. From the aspect of supply: the unit maintenance of urea enterprises is still in the near future, with an average operating rate of about 75%, a daily production of 160000 tons, and a tight supply end. Overall, the support for urea cost this week increased, downstream demand slowed down and urea supply was tight.

The price of the later market is still strong, focusing on the dynamic printing mark

In late June, the urea market in Shandong Province was mainly in a small fluctuation. Urea analysts of business agency believe that agricultural demand in various regions has declined, industrial demand is not obvious good, urea supply is tight, downstream businesses have a strong atmosphere of high price urea watching, and market prices fluctuate slightly.