Urea prices rose steadily to boost export confidence

Domestic urea prices rose steadily. Recently, the international urea price has gradually increased. The price of China's export orders to Hong Kong has gradually increased from 2040 to 2050 yuan/ton in the previous period to 2070 to 2080 yuan/ton. The new round of bidding for STC in India has temporarily boosted confidence in the domestic market. , And by its stimulation of autumn sowing fertilizer market to take the volume has also increased.

Affected by the above, domestic urea prices have continued to rise steadily and steadily. Among them, Shandong, Hebei, Henan, Hubei, and Hunan manufacturers have all increased their quotations, generally increasing by 10-20 yuan per ton. At present, the mainstream factory prices in Shandong are at 2010-2030 yuan/ton, Hebei 1960-2000 yuan/ton, and Henan 1980-2050 yuan/ton. However, many of the actual orders being executed are still low-priced transactions in the previous period of 1950-1980 yuan/ton. The mainstream factory quotation in the two lakes region has returned to 2,050 yuan/ton, but many manufacturers' actual transactions are still up and down 2020 yuan/ton.

In addition, due to the atmosphere of price increase, the wholesale price in the Guangdong market has rebounded slightly. At present, the mainstream of wholesale in the Guangzhou area is 2,150 yuan/ton. Due to the special geographical location in the northwestern region, most of the others remained stable except for the slight increase in the quotation from individual manufacturers in Shaanxi. At present, the mainstream factory in Shaanxi is tentatively set at RMB 2030 per ton. Although individual manufacturers in Gansu are quoted at RMB 2,000 per ton, the actual sales in Gansu and Ningxia are only RMB 1900-1920/ton ex-factory, and most of them are exported to more than RMB 1800 yuan per ton. The factory price is 1900 yuan/ton, and the low-end is 1,750 yuan/ton.

Today, India's STC held a procurement tender. There is no relevant news. However, the industry generally believes that although the tender in India constitutes a short-term support for the domestic urea market and even stimulates the price of urea in some regions to continue to rise, it does not change the current domestic urea market as a whole. So the long-term market is still bearish.

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