1、 Price trend
This week, the factory price of urea in Shandong Province rose slightly, and the quoted price rose from 1650.00 yuan / ton at the beginning of the week to 1656.67 yuan / ton at the end of the week, up 0.4%, 14.01% lower than the same period last year. Overall, the urea market rose slightly this week, and the urea commodity index on July 17 was 77.05.
| Sulfamic acid 99.50% |
2、 Market analysis
From the manufacturer’s quotation, the mainstream urea factory price in Shandong this week rose slightly. At the end of this week, the price of urea in Yangmei plain was 1640 yuan / ton, which was temporarily stable compared with that at the beginning of the week; the quotation of Shandong Ruixing urea was 1650 yuan / ton at the end of this week, which was 20 yuan / ton higher than that at the beginning of the week; the price of open water urea was 1680 yuan / ton at the end of this week, which was temporarily stable compared with that before maintenance.
From the perspective of market demand, there is more rain in southern China recently, which has a great impact on transportation and agricultural demand. At the same time, agricultural demand in North China and central China is gradually ending. In terms of industrial demand, the downstream compound fertilizer and plate enterprises are affected by air pollution control, and the starting load is low, and the purchase of new orders slows down. In terms of supply: the early production reduction and maintenance devices have been restored, and the spot supply has increased slightly. International: on the evening of July 17, the lowest price is 240.5 US dollars / ton CFR on the east coast and 242.5 dollars / ton CFR on the west coast. The price is not satisfactory and there is a certain gap with the domestic price level.
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From the perspective of upstream and downstream industry chain, the upstream products of urea fell slightly this week: the price of liquefied natural gas (LNG) dropped slightly, from 2470.00 yuan / ton at the beginning of the week to 2463.33 yuan / ton at the end of the week, down 0.27%, 23.02% year-on-year compared with the same period last year; the price of liquid ammonia was temporarily stable this week, with the quotation of 3100.00 yuan / ton, down 6.16% year-on-year compared with the same period last year The cost support is weak. This week, the quotation of melamine downstream of urea was temporarily stable, with a price of 5066.67 yuan / ton. The downstream rubber sheet factory had a general enthusiasm for urea procurement, which had a negative impact on the urea price.
3、 Future forecast
In the last ten days of July, the market price of urea in Shandong was mainly fluctuated. Urea analysts from the business club believe that the current agricultural demand is low, the downstream industry is generally enthusiastic about urea procurement, and the printing label is not ideal. It is expected that the short-term urea market will mainly fluctuate and fall.
| Sulfamic acid |