It can be seen from the above figure that the price of mainstream domestic urea market fell first and then rose this month: the price of urea first fell from 2785.00 yuan/ton on February 1 to 2722.00 yuan/ton on February 15, a decrease of 2.26%, and then rose to 2817.00 yuan/ton on February 27, an increase of 3.49%. Compared with the same period last year, the year-on-year increase was 5.43%.

The urea commodity index on February 26 was 130.19, which was the same as yesterday, down 14.53% from the cycle’s highest point of 152.33 (2022-05-15), and up 134.15% from the lowest point of 55.60 on August 17, 2016. (Note: the period refers to September 1, 2011 to now)

In February, the price of urea fell first and then rose, with a weekly maximum increase of 1.08%. From the manufacturer’s quotation, the domestic mainstream market price of urea rose and fell each other this month.

The upstream support is general, and the downstream demand is good

From the data of the upstream and downstream industry chain, the urea upstream products in this month appeared to rise and fall: the price of liquefied natural gas fell first and then rose. The price first fell from 6090.00 yuan/ton on February 1 to 5724.00 yuan/ton on February 10, down 6.01%, and then rose to 6082.00 yuan/ton on February 27, up 6.25%, down 20.52% year-on-year. The price of Yangquan anthracite (washing fast) fell slightly, from 1880 yuan/ton at the beginning of the month to 1480 yuan/ton at the end of the month, down 400 yuan/ton. The price of liquid ammonia fluctuated, rising from 4233.33 yuan/ton at the beginning of the month to 4440.00 yuan/ton at the end of the month, up 4.88%, down 1.41% year on year. The price of melamine downstream of urea rose slightly this month, from 8233.33 yuan/ton at the beginning of the month to 8325.00 yuan/ton at the end of the month, up 1.11%.

From the perspective of demand: agricultural demand increased, and industrial demand was better. The operating rate of the compound fertilizer plant is average, and the enthusiasm for urea procurement is normal. The plate and melamine enterprises are generally started, and mainly need to purchase. From the perspective of supply, some units in Shanxi have started to resume production, and some gas head enterprises have stopped for maintenance. The daily output of urea is about 150000 tons. Urea rose slightly in the future.

Urea rose slightly in the future

In the first ten days of March, the urea market may fluctuate slightly. Upstream anthracite and natural gas prices rose and fell, and cost support was average. Downstream agricultural demand increased and industrial demand was normal. The daily output of urea is about 150000 to 160000 tons, and the supply is normal. Urea may rise slightly in the future.