1、 Price trend
| EDTA |
This week, the factory price of urea in Shandong Province rose. The quoted price rose from 1790.00 yuan / ton at the beginning of the week to 1793.33 yuan / ton at the end of the week, up 3.33 yuan / ton or 0.19%, 2.09% higher than the same period last year. Overall, the urea market rose this week, and the urea commodity index on November 6 was 83.41.
2、 Market analysis
From the manufacturer’s quotation point of view, the mainstream urea factory price in Shandong area rose this week. At the end of this week, the price of Yangmei plain urea was 1790 yuan / ton, which was temporarily stable compared with the beginning of the week; the quotation of Shandong Ruixing urea was 1790 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; the price of open water urea was 1800 yuan / ton this weekend, which was increased by 10 yuan / ton compared with the beginning of the week.
From the perspective of supply and demand, the domestic demand is fair, the agricultural demand in the northern region has followed up, and the industrial demand follows the market and purchases on demand. On the supply side, some enterprises limited production and equipment maintenance, resulting in local spot shortage.
| Gamma-PGA (gamma polyglutamic acid) |
From the perspective of upstream and downstream industrial chain, the overall decline of urea upstream products this week: the price of liquefied natural gas fell, with the quotation of liquefied natural gas falling from 3776.67 yuan / ton at the beginning of the week to 3696.67 yuan / ton at the end of the week, with a decrease of 2.12%, 12.12% compared with the same period of last year; the price of liquid ammonia fell this week, from 3193.33 yuan / ton at the beginning of the week to 3133.33 yuan / ton at the end of the week, a decrease of 1.88% compared with the same period last year 19% year on year. The price of melamine downstream of urea rose slightly this week, rising by 1.99% from 5866.67 yuan / ton at the beginning of the week to 5983.33 yuan / ton at the end of the week. Overall, this week’s urea cost support is weak.
3、 Future forecast
In the middle of November, the market price of urea in Shandong Province rose slightly. Urea analysts of the business club believe that the current agricultural demand has followed up, and the downstream industry is still enthusiastic about urea procurement, and the industrial demand is to be purchased on demand. It is expected that the short-term urea market will fluctuate and rise slightly.
| EDTA 2Na |