Local demand in northern regions increases urea prices

Domestic market: Today's domestic urea market continues to extend northwards and south downtrends, especially for Shandong-based manufacturers. Prices are still increasing step by step. The urea market continued to rise in Shandong, the mainstream quoted at 2190-2220 yuan / ton, individual reported to 2250-2270 yuan / ton. The agricultural market in the southern part of the province can still take the goods, the north is basically in a stagnant state, and agriculture is rarely traded. Manufacturers have recently received orders for stability, and some have been issued outside of northern Jiangsu, northern Fujian, and Henan. Linyi area received the goods at 2270-2275 yuan / ton, the downstream compound fertilizer plant operating rate is low, the enthusiasm of receiving goods is not high. The urea market in Anhui Province rose slightly, and the mainstream quoted prices ranged from 2250 to 2320 yuan/ton. Since the start of the northern Anhui agricultural market, the enthusiasm of dealers for picking up the goods has increased, while the inventory in the early period has been relatively small, and thus the local spot is in short supply. Some provinces have also added some goods in succession. The wholesale market price was 2300-2350 yuan / ton, the overall turnover has improved significantly from the previous period. The urea market in Jiangxi is steadily lower, and the mainstream price is 2300-2330 yuan/ton. During the temporary off-season in the province, the demand is light, dealers are waiting to see more, the market takes sporadic shipments, and the industrial transaction is the mainstay. The wholesale quotation is 2,350 yuan/ton. There are fewer local manufacturers, and there have been few arrivals from other provinces in the near future. Grass-roots stocks are low. The urea market in Liaoning is stable, with high-end prices falling. The mainstream quotation is 2200 yuan/ton, and industrial households have reached 2,170 yuan/ton. The agricultural market in the province was sluggish and the dealers had no intention of storing in the winter. Only the industrial households purchased on-demand, and the wholesale quotation was in the range of RMB 2200-2250/ton. There was no market for the price. In addition to supplying local industrial households and contracts for outdoor use, suppliers are mostly performing export orders.

Market outlook forecast: At present, in most regions in the north under the support of export, production reduction, and industrial and agricultural demand increase, the market continues to show an uptrend, and manufacturers accumulate a lot of waiting orders. Even if the market volume is not magnified, it can be accessed in a single market. Under the circumstances, it will continue tentatively to increase its price. In the South, on the other hand, the market is mostly in the off-season, and the border trade is still in the customs. The enthusiasm of dealers for picking is not high. Only the contractors and industrial households purchase on demand. On the export side, the previous period in which India invited China to bid for about 210,000 tons, but the port stocks far exceeded this amount, and India's bid prices are relatively low, and it is difficult to attract manufacturers' eyeballs. Therefore, exports are difficult to improve. Taken together, although the preparation market for fertilizers in the Central Plains started gradually in the autumn, the demand in the later period is limited, and it is difficult to support the overall market. Exports are always difficult to proceed smoothly under various factors. Longyuan Chemical Fertilizers Nitrogen Fertilizer Analyst Wu Yuanli is expected to be short-term Some localities still have a tendency to push up and the overall fluctuations are slight.