Trade name: urea

Latest price (November 9): 2686.00 yuan / ton

On November 9, the ex factory quotation of domestic urea fell, which was 8 yuan / ton lower than that on November 5, a decrease of 0.30%, and a year-on-year increase of 49.78%. The prices of upstream coal and liquefied natural gas have fallen sharply recently, and the cost support has weakened. From the perspective of demand: the demand increases, the agricultural demand ends, the industrial demand rises, the winter storage of chemical fertilizer is coming, the demand for low-cost urea by the downstream compound fertilizer plant increases, and the operating load rate of melamine enterprises remains at a high level. Most of them follow up with the acquisition and use of an appropriate amount. In terms of supply, urea enters the centralized maintenance period, the supply decreases, and the daily output of urea is less than 130000 tons. On the whole, the urea cost support has been greatly weakened, the downstream demand has increased and the urea supply has decreased.

In the future, the ex factory price of domestic urea is expected to decline slightly: the average price quoted by the manufacturer is about 2650 yuan / ton.