SunSirs: On February 18th, the Urea Market in Shandong Province Rose
February 19 2024 11:22:41 SunSirs (John)
Price trend
On February 18th, the comprehensive price of urea in Shandong was 2,506.67 RMB/ton, an increase of 2.80% compared to yesterday.
Analysis review
The upstream Yangquan anthracite (washed medium block) was priced at around 960 RMB/ton, with low consolidation prices and average cost support.
From a demand perspective: Agricultural demand was gradually recovering, while industrial demand was following the market. Composite fertilizer, board, and melamine enterprises were operating at a low level, with a focus on procurement for essential needs.
From a supply perspective, the resumption of urea production after the holiday had increased, with a slight increase in daily urea production.
Market outlook
Urea will experience a slight fluctuation and rise in the future.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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- 2024-12-31 SunSirs: The Domestic Urea Market Fluctuated and Declined in December
- 2024-12-26 SunSirs: The Domestic Urea Market Was Consolidating to Be Weaker (December 17-24)
- 2024-12-18 SunSirs: Domestic Urea Prices Were Weaker and Falling (December 10-17)
