SunSirs: On December 5th, the Domestic Urea Market Was Temporarily Stable
December 06 2023 10:07:45 SunSirs (John)
Price trend
On December 5th, the domestic urea market remained temporarily stable.
Analysis review
The upstream Yangquan anthracite (washed medium block) was priced at around 1,110 RMB/ton, with low consolidation prices and average cost support.
From a demand perspective: Agricultural demand was weakening, industrial demand was average, and urea exports were currently not favorable. Agriculture had entered the off-season. The operating rate of compound fertilizer plants had increased, indicating a good enthusiasm for urea procurement. Board and melamine enterprises generally started construction, with procurement being mainly on demand.
From the perspective of supply, some enterprises had completed maintenance, resulting in a further increase in daily urea production and sufficient supply.
Market outlook
n the future, urea will experience a slight fluctuation and decline.
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