1、 Price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong fell slightly this week. The quotation dropped from 1793.33 yuan / ton at the beginning of the week to 1780.00 yuan / ton at the end of the week, a decrease of 0.74%, 8.95% compared with the same period last year. Overall, the urea market fell slightly this week, with the urea commodity index at 82.79 on March 20.

2、 Market analysis

Product: the main urea factory price in Shandong fell slightly this week. The quotation of Yangmei plain urea this week is 1760 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1750 yuan / ton, which is 40 yuan / ton lower than that at the beginning of the week; Mingshui chemical urea this week is 1830 yuan / ton, which is temporarily stable compared with that at the beginning of the week.

Market demand: the current domestic market is mainly volatile. Lower agricultural demand, lower industrial procurement cautious. In terms of supply: at present, the start-up of urea enterprises continues to rise, and the overall supply has risen, while the logistics and transportation are normal, and the inventory pressure has eased, but the enthusiasm of downstream manufacturers is relatively low. The short-term urea market is expected to fluctuate slightly.

Industry chain: the upstream products in the whole look down this week: the price of natural gas is slightly down, with the price down 0.63% from 3193.33 yuan / ton at the beginning of the week to 3173.33 yuan / ton at the end of the week, down 20.00% compared with the same period last year; the price of liquid ammonia is slightly down this week, with the price down 0.51% from 3266.67 yuan / ton at the beginning of the week to 3250.00 yuan / ton at the end of the week, down 4.22% compared with the same period last year, Overall, urea cost support this week was weak. The price of melamine in the downstream of urea fell slightly this week, from 5500.00 yuan / ton at the beginning of the week to 5433.33 yuan / ton at the end of the week, down 1.21%. The general purchasing capacity in the downstream had a negative impact on the price of urea. In the aspect of the downstream rubber plate plant, the enthusiasm for urea procurement is also weak.

3、 Future forecast

In late March, the urea market in Shandong Province was mainly volatile. Urea analysts of business association think that at present, agricultural demand is weak, and the downstream industry is less active in urea procurement. At present, the domestic market is not relatively good, and the short-term urea market is expected to decline slightly.