China Urea Price Index:
According to calculations from Feiduo data, the urea small pellet price index on February 18 was 2,308.45, an increase of 51.18 from the previous working day, a month-on-month increase of 2.27% and a year-on-year decrease of 16.57%.
Spot market analysis:
Today, China's urea market prices have increased overall. With the recovery of logistics after the holiday and the launch of the agricultural demand market, current industry quotations have increased slightly.
Specifically, prices in Northeast China rose to 2,200 - 2,350 yuan/ton. Prices in North China rose to 2,140 - 2,340 yuan/ton. Prices in East China rose to 2,250 - 2,300 yuan/ton. Prices in South China rose to 2,380 - 2,430 yuan/ton. The price of small and medium-sized particles in Central China rose to 2,250 - 2,380 yuan/ton, and the price of large particles rose to 2,300 - 2,400 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, most manufacturers have completed orders for the Spring Festival, and the current quotations are temporarily stable. Some factories are operating firmly with the support of pending orders. In terms of the market, market trading showed signs of improvement after the holiday. The enthusiasm for on-site trading was relatively active, and the overall focus of transactions in the market continued to move upward. In terms of supply, during the normal operation of the enterprise's equipment, due to the slow transportation of goods within the festival, the enterprise's inventory has increased, mainly accumulating warehouses. On the demand side, demand in the agricultural market has started, and farmers need to get the right amount of goods; the start of downstream factories in the industrial market has been slow to recover. Currently, procurement enthusiasm is not high, and labor demand is weak. In the later period, as downstream factories start one after another, labor demand may affect urea prices. Play a certain supporting role. On the whole, the market trading atmosphere after the holiday is relatively good, which helps prices rise slightly. It is expected that urea market prices will operate firmly in the short term.
