Trade name: urea

Latest price (October 19): 1706.67 yuan / ton

On October 19, the factory price of urea in Shandong Province rose by 16.67 yuan / ton, or 0.99%, compared with that on October 16. The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply. On the afternoon of 14, India’s RCF urea tender was launched. The total bidding volume was 3.6 million tons, and the lowest price was 279.25 CFR US dollars / ton on the east coast. The price was not significantly different from the domestic mainstream regional prices, forming a certain support for the domestic market.

It is expected that the short-term urea market will fluctuate and rise slightly in the future: the average price quoted by manufacturers is about 1710 yuan / ton.