The market price of urea may fluctuate slightly after manufacturers cut prices and absorb orders. Urea_Sina Finance_Sina.com

Source: Jintou.com

On September 21, the domestic comprehensive price of urea fell slightly, down 27 yuan / ton from the price on September 20, a decrease of 1.05%, and a year-on-year increase of 0.97% over the same period last year.

Upstream hard coal prices rose slightly, supported by better cost. Agriculture needs some stocking, and industrial needs are gradually expanding. The rubber sheet factory started at a low level, and the purchase was mostly only in need. The compound fertilizer factory started to increase, and the demand for urea increased slightly. The price of melamine rose slightly, and enthusiasm for buying urea was good.

From a supply perspective, urea production decreased slightly due to short-term plant closures in some regions. With National Day approaching, manufacturers are cutting prices to attract orders.

In the future, it is expected that the domestic urea market price will fluctuate slightly and the average market price will be about 2520 yuan / ton.

(Article source: Business Club)

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