Domestic demand for urea continues to weaken

Today, the domestic urea market is weak, and there are many places where prices are reported at new lows.
The outgoing price of urea from some major producing area manufacturers has been lower than 1,580 yuan/ton.
The industry recognizes this round of price declines and still has the intention to continue to be bearish.
The terminal market has slowed down again in recent days, so that some dealers have dumped their pre-stocks.
In addition, the short-term cold current invaded most of the north, which directly caused the delay of agricultural demand.
From another perspective, the rapid correction of urea prices also creates new operational opportunities for the market outlook.
At present, Shanxi’s outbound platform is reported to be 1,600 yuan/ton, and the actual transaction of individual platforms is less than 1,580 yuan/ton, mainly for outbound; Henan outbound is 1,580 yuan/ton, agriculture is 1,630-1650 yuan/ton, and industry is 1620-1630 yuan/ton.
; Hebei offers 1650-1670 yuan/ton, domestic sales is about 1,650 yuan/ton, and the goods are generally available; Shandong offers 1610-1650 yuan/ton, and Linyi Industry receives goods at 1670-1680 yuan/ton.
The decline in urea prices has added new ideas to the market.
There are more and more topics around the launch of domestic demand in March, and downstream manufacturers may wait for urea to carry out bottom-hunting at a reasonable price.
In the short term, we will pay attention to the impact of coal restriction policies and environmental protection policies on the operating rate of the urea industry.
Today's regional urea market conditions: Shandong urea prices are falling.
Small particles of enterprises leave the factory at 1610-1650 yuan/ton, and the transaction is 1610-1640 yuan/ton.
Price reduction promotion is not ideal, and short-term game in the industry.
The price of large particles is 1680 yuan/ton.
The receiving price in Linyi is about 1670 yuan/ton.
The price of urea in Hebei is declining, and the ex-factory price of small particles is 1630-1650 yuan/ton.
The factory in the province is RMB 1620-1640/ton, the downstream market demand is average, and the wholesale price is around RMB 1,640/ton.
Snowfall affects downstream transactions.
The urea market in Henan is weak, with small particles of urea in the province leaving the factory at 1630-1680 yuan/ton, agricultural transactions at 1630-1650 yuan/ton, industrial 1610-1630 yuan/ton, and enterprises sending out 1580-1600 yuan/ton.
The start of agriculture is delayed and demand is poor.
The urea market in Jilin is flat, with dealers operating in a small amount, and the urea arrival price from other provinces is tentatively set at 1,750--1780 yuan/ton.
The production of the old equipment of the Changshan plant is not normal, and due to the execution of the pre-order, the quotation is temporarily not available; the expansion of Tonghua urea production is stopped, and the restart time is undetermined.
The Guangdong urea market lacks transactions, and the arrival price of urea outside the province is about 1850 yuan/ton.
The downstream industry and agricultural demand is fair, and dealers are cautious.
The wholesale price of urea in the Guangzhou market is 1890 yuan/ton, and the delivery is weak.
The wholesale price in Zhanjiang market is 1900 yuan/ton.
The price of urea in Inner Mongolia is falling, the local price is 160-1650 yuan/ton, and the demand in the province is average.
Outbound logistics is normal.
Datang dispatches from Jilin and Heilongjiang to the station at 1750-1780 yuan/ton, and Jinxin arrives at Heilongjiang tentatively at 1760-1780 yuan/ton.