Trade name: urea

Latest price (March 24): 2123.33 yuan / ton

On March 24, the ex factory quotation of urea in Shandong increased by 6.66 yuan / ton, or 0.31%, compared with the quotation on March 22. The upstream liquid ammonia has risen sharply recently, with good cost support. Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 80%, and the daily output is about 160000 tons. The start-up load of urea enterprises is increased and the supply side is sufficient. International aspect: India’s RCF import bid was opened, with a total bid volume of 1.926 million tons, and the bid price was not announced. The nitrogen fertilizer plant with an annual output of 1.7 million tons of urea in India has exploded, and the medium scalar quantity may be improved. Even in April, the bidding was invited again, and the market mentality improved.

In the future, it is expected that the short-term urea market will fluctuate slightly and rise mainly: the average price quoted by manufacturers is about 2150 yuan / ton.