Today, the domestic urea quotation is relatively strong, with prices in many regions continuing to increase by 10-50 yuan/ton. Urea companies currently have no inventory and are waiting to be shipped well. Spot prices are still tight, and prices continue to rise!
In terms of supply: Currently, it has entered the peak of upstream factory maintenance, and there are still devices in Hebei, Shandong, Henan and other regions that have been shut down one after another. Daily production continues to decline, with a national urea daily production of 172400 tons and an operating rate of 73% on that day. The industry supply continues to tighten, and the market spot supply is limited.
In terms of demand: Follow up on agricultural regional fertilization and preparation as needed; Industrial downstream compound fertilizer factories continue to operate at a high level, with sustained industrial demand and overall good demand.
The decline in supply is accompanied by low inventory levels in enterprises and short-term tight spot prices. It is expected that the short-term market will mainly fluctuate at high levels.
Post time: May-23-2024
