Recent urea price trend
| Azodicarbonamide (AC foaming Agent) |
It can be seen from the above figure that the domestic urea market price fell first and then rose this week. The urea price fell from 2788.00 yuan/ton at the end of last week to 2756.00 yuan/ton at the end of this week, a decrease of 1.15%, up 2.76% year-on-year. The urea commodity index on February 19 was 128.19, which was the same as yesterday, down 15.85% from the cycle’s highest point of 152.33 (2022-05-15), and up 130.56% from the lowest point of 55.60 on August 17, 2016. (Note: the period refers to September 1, 2011 to now)
Cost support is general, downstream demand increases, and urea supply is tight
From the manufacturer’s quotation, the mainstream price of domestic urea fell this week.
From the data of the upstream and downstream industry chain, the urea upstream market rose and fell this week: the price of liquefied natural gas rose slightly, from 5724.00 yuan/ton at the end of last week to 5902.00 yuan/ton at the end of this week, up 3.11%, down 2.45% from the same period last year; The price of anthracite decreased slightly, and the price of Yangquan anthracite (washing lump) was 1630 yuan/ton, down 150 yuan/ton from last week; The price of liquid ammonia rose slightly, from 4206.67 yuan/ton at the end of last week to 4290.00 yuan/ton at the end of this week, up 1.98%, down 2.94% year on year. Upstream raw material prices rose and fell, and urea prices were generally supported. The price of melamine downstream of urea fell slightly this week, from 8333.33 yuan/ton at the beginning of the week to 8266.67 yuan/ton at the end of the week, down 0.80%.
| povidone Iodine |
In terms of demand, agricultural demand increased slightly, while industrial demand increased. The operating rate of compound fertilizer plants has gradually increased, and the enthusiasm for urea procurement has increased. The start of plate and melamine enterprises has increased slightly, and the purchase of raw materials is mainly needed. From the perspective of supply, some gas-fired enterprises have begun to resume production, with a daily urea output of about 150000 to 160000 tons.
Mainly rising slightly in the future
The domestic urea market may rise slightly in late February. According to the urea analyst of the Business Agency, the prices of anthracite and liquefied gas in the upstream of urea have risen and fallen, and the cost of urea is generally supported. Downstream agricultural demand increased slightly and industrial demand increased. Some gas-head enterprises began to resume production, and the daily output of urea was about 150000 to 160000 tons. In the future, urea rose mainly in a narrow range.
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