Trade name: urea
Latest price (November 1): 2792.00 yuan / ton
On November 1, the domestic urea market price fell, down 258 yuan / ton compared with October 29, down 8.46%, and up 57.15% year-on-year compared with the same period last year. Upstream coal prices have fallen sharply recently and cost support has weakened. From the perspective of demand: the peak of agricultural demand has passed, sporadic fertilizer supplement in some areas, industrial demand is just the main demand, the demand for urea in downstream compound fertilizer and rubber plate plants is general, the operating load rate of melamine enterprises remains at a high level, and most of them follow up with the appropriate amount. In terms of supply, urea enters the centralized maintenance period, and the supply decreases. On the whole, the urea cost support is weakened, the downstream demand is weakened, and the urea supply is insufficient.
In the future, it is expected that the domestic urea market price may decline slightly: the average price quoted by the manufacturer is about 2700 yuan / ton.
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