Commodity name: urea

Latest price (March 25): 2126.67 yuan / ton

On March 25, the factory price of urea in Shandong Province rose, up 0.16% from yesterday’s. The price of the bid was announced yesterday, the lowest bid price of the east coast was USD 379.87/t CFR, the lowest bid price on the west coast was US $380.18/t CFR, and the total bid volume was 1926000 tons. The east coast of India is suitable for China supply, and the conversion price to domestic port is about 2210 yuan / ton, which is not different from the current domestic price. It is reported that the domestic urea export volume may be about 800000-90000 tons. And recently, the nitrogen fertilizer plant with an annual output of 1.7 million tons of urea exploded in India. The medium scalar may have increased or even bid again in April, and the market mentality has improved.

The market in the future is expected to increase slightly in the short-term urea Market: the average price quoted by the manufacturer is about 2150 yuan / ton.