Last week, the domestic urea market was mainly rising, and the price rise slowed down in the later part of the week, and the mainstream tended to stabilize. The main support of the market is still the raw material procurement demand of compound fertilizer plants. At present, the domestic high-nitrogen compound fertilizer is still in the peak production season, and the demand is stable, and with the continuous rise in the price of urea plants, dealers are still cautious in preparing fertilizer. Last week, the domestic urea market continued to show an upward trend, the factory and market prices rose by 30~70 yuan (ton price, the same below), the manufacturer's shipment situation was stable, and the resources were mainly sold to downstream compound fertilizer plants. At present, the ex-factory price of urea factory in the north is 2250~2270 yuan. The low-end price of Shanxi factory is 2170 yuan; Xinjiang urea factory in Xinjiang ex-factory quotation rose to 2100 ~ 2200 yuan; The ex-factory price of small and medium-sized granular urea in Jiangsu and Anhui is 2280~2300 yuan; The market price of urea in the two regions is 2400~2480 yuan. Last week, the mainstream wholesale price of urea in the domestic market was 2280~2450 yuan. On the supply side, the average daily output of domestic urea plants last week was about 185,000 tons, a decrease of 2,000 tons from the previous week, an increase of about 19,000 tons year-on-year, and an average operating rate of about 78.4%. On May 10, with the shutdown and maintenance of urea plants in Sanning, Hubei and Bangli, the daily output of domestic urea dropped to 181,000 tons, and the operating rate was 76.5%. On the demand side, last week, the domestic agricultural urea market was still in the off-season for fertilizer, and a small number of dealers had a little fertilizer preparation. Based on the continuous rise in the price of urea plants, most dealers are mainly wait-and-see, and fertilizer preparation is cautious. The next peak season for agricultural fertilizer in China is corn topdressing from mid-June to the end of July. At present, the domestic industrial urea market demand situation is still stable. At the peak season of high-nitrogen fertilizer production, the demand for urea raw materials in compound fertilizer factories is in good condition, which is also the leading factor supporting the current domestic urea market to remain strong. In terms of raw materials, the price of anthracite in Jincheng area fluctuated slightly last week, short-term maintenance of coal mines in some areas, limited output at the pit mouth, stable production of mainstream coal enterprises, stable supply of coal in the market, raw material procurement of downstream chemical enterprises to maintain rigid demand, maintain a reasonable inventory level, and maintain stable operation of the anthracite market. As of May 10, the mainstream tax-inclusive price of anthracite small coal (S4.0~0.5) in Jincheng area, Shanxi Province was 1110~1170 yuan. Last week, the inventory of domestic urea factories fell slightly, and shipments were smooth. According to Anyunsi data, the current inventory of domestic urea factories is about 518,000 tons, a decrease of about 3% from the previous week and a significant decrease of 49.7% year-on-year. The inventory of urea market in the two regions was 100,000~110,000 tons, compared with 50,000~60,000 tons in the same period last year, a significant year-on-year increase. Based on the above information, the main support point of the current domestic urea market is still the raw material procurement of compound fertilizer plants, and it is expected that the peak season of high-nitrogen fertilizer production will last until mid-to-late May, when the domestic urea market will have a pullback and consolidation with the weakening of the demand for compound fertilizer plants. In the future, it is necessary to focus on the follow-up of domestic distributors after the demand for high-nitrogen fertilizer is over. The domestic summer urea topdressing time starts as early as the northeast, and the fertilizer time is about mid-June, while the corn topdressing season in other regions of the north is in mid to late July. (Data source: Annvis)
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Please indicate in the following format for reprinting: Source: Agricultural Resources Herald Author: Zhang Lingli Jin Xiuxiu Editor: Chen Ran Review: Wang Meihong Producer: Zheng Hongyan