Domestic urea market conditions are still upward trend

Driven by the purchase of large companies such as Sinochem and Zhongnong, the domestic urea market is still on the upward trend. Urea enterprises in the north have concentrated their prices recently, among which, Shandong urea companies offer 1,970 yuan/ton, and actual transactions reach 1,940-1950 yuan/ton. . Due to the low inventory of some agricultural capital companies, high-priced purchases began, but the order volume was not large. Some dealers have set up ports in Hong Kong recently, and the port price is 1950-1960 yuan/ton. There is currently no precise information on the export base price. These catch-up acts can still be viewed as bets. Recently, with the continued decline in the operating rate of urea enterprises in Shandong and other places, the market supply and demand will remain tight. Urea prices are still expected to rise slightly.

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