Product Name: Urea

Latest price (November 13th): 2551.67 yuan/ton

On November 13th, the comprehensive price of domestic urea slightly decreased, with a decrease of 38.33 yuan/ton compared to November 10th, a decrease of 1.48%, and a year-on-year decrease of 2.01%. The prices of upstream anthracite (washing medium blocks) and liquefied natural gas have slightly decreased, resulting in insufficient cost support. Downstream agricultural demand is weak, with industrial demand being the main focus. Board and melamine manufacturers are generally operating, while the operating rate of composite fertilizer plants has decreased. Urea enterprises are operating at a high level and have sufficient supply of urea. Multiple bearish factors led to a downward trend in urea prices.

In the future, it is expected that the domestic urea market price may fluctuate slightly, with an average market price of around 2530 yuan/ton.