1、 Price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong Province rose slightly this week, with the quotation rising 0.20% from 1626.67 yuan / ton at the beginning of the week to 1630.00 yuan / ton at the end of the week, down 16.12% year on year. Overall, the urea market rose slightly this week, with the urea commodity index at 75.81 on May 22.

2、 Market analysis

Product: the main urea factory price in Shandong Province rose slightly this week. The quotation of Yangmei plain urea this week is 1630 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1620 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea this weekend is 1640 yuan / ton, which is temporarily stable compared with that at the beginning of the week.

Market demand: the agricultural demand is low, and the enthusiasm for goods preparation is weak; the industrial demand is general, and the procurement of downstream compound fertilizer and plate enterprises is cautious, most of which are used as they are purchased, and some of them are followed up. Supply: at present, the operating rate of enterprises in Shandong Province has declined, and the spot supply has slightly decreased compared with the previous period. The short-term urea market is expected to rise slightly.

Industry chain: the urea upstream products as a whole seem to have declined this week: the price of natural gas has declined, with the quotation down 1.61% from 2693.33 yuan / ton at the beginning of the week to 2650.00 yuan / ton at the end of the week, down 26.39% compared with the same period of last year; the price of liquid ammonia has declined this week, with the quotation down 1.07% from 3116.67 yuan / ton at the beginning of the week to 3083.33 yuan / ton at the end of the week, down 6.19% compared with the same period of last year %On the whole, urea cost support this week is weak. This week, the price of melamine in the downstream of urea was temporarily stable, with a price of 5066.67 yuan / ton. The downstream rubber plate factory had a good enthusiasm for urea procurement, which had a positive impact on the price of urea.

3、 Future forecast

In late May, the urea market in Shandong Province was mainly up slightly. Urea analysts of business club think that at present, agricultural demand is weak, downstream industry has a good enthusiasm for urea procurement, and it is expected that the short-term urea market will fluctuate slightly.