China Urea Price Index:
According to Feiduo data, the urea small pellet price index on February 7 was 2,257.27, an increase of 0.45 from yesterday, a month-on-month increase of 0.02% and a year-on-year decrease of 19.59%.
Urea futures market:
Today, the opening price of urea UR405 contract: 2148, the highest price: 2182, the lowest price: 2112, the settlement price: 2148, the closing price increased by 16 compared with the settlement price of the previous trading day, up 0.75% month-on-month, and the fluctuation range throughout the day is 2112-2182; the basis of the 05 contract in Shandong is 20; the 05 contract has reduced its position by 7035 lots today, and the position held so far is 171,300 lots.
Spot market analysis:
Today, China's urea market prices are operating steadily, manufacturers 'quotations are basically unchanged, and the market continues to be flat.
Specifically, prices in Northeast China have stabilized at 2,190 - 2,270 yuan/ton. Prices in North China are stable at 2,070 - 2,280 yuan/ton. Prices in East China have stabilized at 2,170 - 2,240 yuan/ton. Prices in South China are stable at 2,350 - 2,400 yuan/ton. The price of small and medium-sized particles in Central China has stabilized at 2,190 - 2,380 yuan/ton, and the price of large particles has stabilized at 2,240 - 2,320 yuan/ton. Prices in the northwest region are stable at 2,220 - 2,230 yuan/ton. Prices in Southwest China are stable at 2,230 - 2,600 yuan/ton.
Market outlook forecast:
In terms of factories, factories continue to ship pre-order orders based on advance receipt, and the overall quotation changes relatively little. In terms of the market, the market is temporarily in a priceless and unmarketable state. As the holiday approaches, market trading is relatively light, and overall trading is slowing down. On the supply side, supply continues to increase, and the industry's operating rate is operating at a high level, maintaining at around 84%. On the demand side, downstream factories and trade in some regions have entered the holiday season. Trading by operators has basically stagnated, new transactions are limited, and pre-holiday demand has been suspended.
On the whole, the current market is in a state of priceless and no market, and the market is temporarily stable. It is expected that the urea market price will continue to operate steadily in the short term.
