1、 Price trend
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This week, the factory price of urea in Shandong remained stable for the time being, with an offer of 1836.67 yuan / ton, up 8.04% over the same period last year. Overall, this week’s urea market temporarily stable, December 18 urea commodity index was 85.43.
2、 Market analysis
From the manufacturer’s quotation point of view, the mainstream urea factory price in Shandong this week is temporarily stable. At the end of this week, the price of Yangmei plain urea was 1850 yuan / ton, which was temporarily stable compared with the beginning of the week; Shandong Ruixing urea was quoted at 1820 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 1840 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.
From the perspective of supply and demand, the overall domestic demand is weak. Affected by the air pollution control, the plate operating rate continues to decline. Downstream compound fertilizer enterprises purchase moderately, and the agricultural sector makes inquiries. The operators are cautious about high price goods and do not prepare a lot of goods.
From the perspective of upstream and downstream industrial chain, the overall rise of urea upstream products this week: the price of liquefied natural gas was temporarily stable, with the quotation of 5366.67 yuan / ton, up 29.32% year-on-year; the price of liquid ammonia rose this week, from 3216.67 yuan / ton at the beginning of the week to 3233.33 yuan / ton at the end of the week, an increase of 0.52%, and a year-on-year decrease of 0.72% compared with the same period of last year. This week, the price of melamine downstream of urea was temporarily stable, with a price of 7200.00 yuan / ton. Overall, this week urea cost support is strong.
3、 Future forecast
In the last ten days of December, the market situation of urea in Shandong was mainly fluctuated. According to urea analysts of business club, the current demand for agriculture is one, downstream industries are enthusiastic about urea purchasing, and industrial demand is purchasing on demand. It is expected that the short-term urea market will fluctuate slightly.
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