It can be seen from the above figure that the price of domestic mainstream urea market rose sharply this month: the price of urea rose from 2506.00 yuan/ton at the beginning of the month to 2798.00 yuan/ton at the end of the month, an increase of 11.65%. A year-on-year increase of 12.82%.

On November 29, the urea commodity index was 130.14, unchanged from yesterday, 14.57% lower than the cycle’s highest point of 152.33 (2022-05-15), and 134.06% higher than the lowest point of 55.60 on August 17, 2016. (Note: Period refers to 2011-09-01 to now)

In November, the price of urea rose sharply, with a weekly maximum of 3.79%. From the manufacturer’s quotation, the price of domestic urea mainstream market rose sharply this month.

The upstream support is general, and the downstream demand increases

From the upstream and downstream industrial chain data, the urea upstream products generally fell slightly this month: the price of LNG fell slightly, from 5450.00 yuan/ton at the beginning of the month to 4514.00 yuan/ton at the end of the month, a drop of 17.17%, 35.42% year-on-year. Yangquan anthracite (washing medium fast) is 1630 yuan/ton, with a high price consolidation. The price of liquid ammonia rose sharply, from 4096.67 yuan/ton at the beginning of the month to 4623.33 yuan/ton at the end of the month, an increase of 12.86%, and a year-on-year increase of 4.76%. The price of melamine at the downstream of urea rose slightly this month, from 8266.67 yuan/ton at the beginning of the month to 8333.33 yuan/ton at the end of the month, up 0.81%.

In terms of demand, winter storage of chemical fertilizers has been fully started, industrial demand has increased, and export orders have been orderly promoted. The operating rate of the compound fertilizer plant has risen, and the enthusiasm for urea procurement is good. The board and melamine enterprises started in general, and just needed to purchase. From the aspect of supply: environmental protection inspection in Shanxi has been delayed. Some gas enterprises began to shut down for maintenance, and daily urea production further decreased. The shipment of superposed urea is blocked, and the supply and demand in some regions are misaligned.

Urea rose slightly in the aftermarket

The urea market may rise slightly in the first ten days of December. At the end of the month, the upstream anthracite and natural gas prices showed an upward trend, and cost support increased. The downstream agricultural demand is followed up appropriately, and the industrial demand is purchased on demand. The daily output of urea is about 150000 tons, and the supply is tight. In the future, urea may rise slightly.