Affected by the increase in production volume and the decrease in purchases by distributors, urea prices fell for the fourth consecutive week. Monitoring showed that domestic urea prices fell by 1.0% from the previous week (March 14 to 20) and fell by 2.8% from the middle of February.
Factors affecting the recent fall in urea prices: First, the increase in market supply. After the Spring Festival, with the warmer weather, the power supply was relaxed, and the operating rate of fertilizer companies gradually recovered, and the market supply increased. Second, from the end of February to March, it is the time of returning green crops to winter wheat in the domestic winter season. With the completion of the top-dressing season, the demand for fertilizers has gradually declined. Third, the overall decline in international urea. Last week's offshore quotes from ports in Yuzhnyu and Arabian Gulf were down 9.5% and 8.9% respectively from the middle of February.
At present, the prices of raw materials such as coal and natural gas are at a high level. In addition, as the spring season for planting in the northeastern China approaches, the demand for fertilizers will rebound. It is expected that the trend of urea prices will stabilize in the later period.
Factors affecting the recent fall in urea prices: First, the increase in market supply. After the Spring Festival, with the warmer weather, the power supply was relaxed, and the operating rate of fertilizer companies gradually recovered, and the market supply increased. Second, from the end of February to March, it is the time of returning green crops to winter wheat in the domestic winter season. With the completion of the top-dressing season, the demand for fertilizers has gradually declined. Third, the overall decline in international urea. Last week's offshore quotes from ports in Yuzhnyu and Arabian Gulf were down 9.5% and 8.9% respectively from the middle of February.
At present, the prices of raw materials such as coal and natural gas are at a high level. In addition, as the spring season for planting in the northeastern China approaches, the demand for fertilizers will rebound. It is expected that the trend of urea prices will stabilize in the later period.