1、 Price trend

This week, the ex factory price of urea in Shandong fell, from 2116.67 yuan / ton at the beginning of the week to 2113.33 yuan / ton at the end of the week, down 0.16%, up 22.39% compared with the same period last year. On the whole, the urea market fell this week. The urea commodity index was 98.29 on April 16, with an upward trend over the weekend.

2、 Market analysis

From the manufacturer’s quotation, the mainstream factory price of urea in Shandong fell this week. Yangmei plain urea quoted 2100 yuan / ton this weekend, down 10 yuan / ton compared with the beginning of the week; Shandong Ruixing urea quoted 2120 yuan / ton this weekend, temporarily stable compared with the beginning of the week; Mingshui chemical urea quoted 2120 yuan / ton this weekend, temporarily stable compared with the beginning of the week.

Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

From the data of upstream and downstream industry chain, the upstream products of urea fell slightly this week as a whole: the price of liquefied natural gas fell slightly, from 3440.00 yuan / ton at the beginning of the week to 3390.00 yuan / ton at the end of the week, a decrease of 1.45%, a year-on-year increase of 5.06%; the price of liquid ammonia fell slightly, from 3910.00 yuan / ton at the beginning of the week to 3836.67 yuan / ton at the end of the week, a decrease of 1.88% , up 19.27% year on year. This week, the quotation of melamine in the lower reaches of urea increased slightly, from 9916.67 yuan / ton at the beginning of the week to 10050.00 yuan / ton at the end of the week, with an increase of 1.34%, 95.78% over the same period of last year. On the whole, the urea cost support this week is poor, the demand is general, and the supply is tight.

3、 Future forecast

In late April, the urea market in Shandong may rise slightly. Urea analysts of business news agency believe that the current agricultural demand procurement is cautious and the industrial demand is used as soon as it is purchased, but the supply of urea is tight, and it is expected that the domestic urea market will fluctuate slightly in the short term.