Urea prices fall?

According to the analysis of China's urea wholesale price index, on July 1, China's urea wholesale price index was 1898.09 points.

From June 24 to June 28, the domestic urea market prices continued to fall. On July 1st, CNPI was 1898.09 points, a decrease of 40.68 points month on month, or a decrease of 2.11%; a year-on-year decrease of 419.82 points, a decrease of 18.18%; and an increase of 25.84 points, or 1.39%, over the base period. The CNPI fell for 12 consecutive weeks and fell 333.78 points, a decrease of 15.02%.

Supply situation: The domestic anthracite coal market is weak and stable. Some coal companies continue to suspend production and reduce production. The sales pressure is obvious, and the market may continue to slump. The operating rate of domestic urea enterprises declined slightly, and some gas-headed enterprises were affected by the shortage of gas supply. As a result, coal-head enterprises stopped production and reduced production.

Demand: North-east fertilizers in the summer and rice fertilizers in the south will have a small demand for urea, and the rest of the domestic market will basically enter the off-season fertilizer season, and demand will be light.

International market: prices fell slightly. The international urea market continued to be sluggish, and India's urea buyers began to be active. Due to low prices, the market volume was limited, and the prices of small granular urea in major regions fell slightly. Among them, the Baltic urea FOB price fell by US$2/ton at the low end and US$5/ton at the high end, staying at US$306-316/ton; the FOB urea FOB price in the Arabian Gulf fell by US$5/ton from last week’s low end. , maintained at 311-321 U.S. dollars per ton; U.S. grain urea FOB prices fell by 2-3 U.S. dollars per ton last week, staying at 316-319 U.S. dollars per ton; China's small-granule Urea FOB prices fell 8 percent from last week. -10 US dollars / ton, maintained at 296-301 US dollars / ton. In terms of exports, international urea purchasers want to purchase Chinese urea at a low price, but excessively low prices have caused domestic export companies to boycott and the actual turnover is limited.

Regional situation: Market prices in the major domestic urea market continued to fall, falling between RMB 10-90/tonne. The peak season for fertilizer use in North China, East China and Central China was basically over. Demand was flat, prices continued to fall, and prices dropped by 20-90 yuan/ton. Gas supplies from some gas companies in the northwest and southwest regions were insufficient, and the market was in a downturn. Prices in some regions fell by 20- RMB 40/tonne; northeast China's corn fertilizer purchase is limited, and the company's shipping ports are dominant, with prices falling by RMB 50/ton in some regions; rice fertilizer in South China is about to start, and prices are still at RMB 10-20/ton due to abundant supply in the market. The decline.

The domestic agricultural fertilizer season ends in quiet silence, and the urea market is about to usher in the peak season for exports. In the short term, due to factors such as the high operating rate of enterprises, weak domestic demand, sluggish international market, and weak coal prices, it is expected that the urea market will continue to oscillate downwards, but the decline is limited and it is necessary to pay close attention to the international market conditions.