+086 1911-7288-062 [ CN ]
Cookies give you a personalized experience,Сookie files help us to enhance your experience using our website, simplify navigation, keep our website safe and assist in our marketing efforts. By clicking "Accept", you agree to the storing of cookies on your device for these purposes.For more information, review our Cookies Policy.
Synthetic Ammonia: This week, the domestic synthetic ammonia market started with regional price adjustments and then moved into a weak operation. Prices in each region fluctuated flexibly based on regional price gaps and changes in supply and demand sentiment within the regions. In the late period of last week, with the successive resumption of maintenance devices in regions such as Shaanxi and Shanxi, low-priced ammonia once again impacted the northern market. Coupled with the fact that the planned maintenance devices in regions such as Shandong had not yet been implemented, prices in the northern region dropped significantly in a linked manner from last weekend to the beginning of this week. However, Shandong still had production cuts to be implemented, and prices had mostly been supported at a high level earlier. But as regional price gaps widened, prices also began to decline in a linked manner in the middle and late stages. In the later period, with prices further hitting bottom and the planned maintenance and production reduction devices implemented one after another, the sentiment of low-price shipments improved. Nevertheless, considering that low-priced ammonia was still circulating in the market, the overall adjustment range was limited, and the market remained dominated by game and wait-and-see.
Urea: This week, the domestic urea market experienced a decline followed by a rise, with prices consolidating in a range. Some prices were adjusted by 10-30 RMB per ton, and the market trading atmosphere remained weak. As of Thursday this week, the ex-factory price reference to small and medium-grained urea in major regions was 1610-1760 RMB per ton. The daily output of urea fluctuated in a narrow range of 214,000 to 219,000 tons this week, which was about 20,000 tons higher than the daily output in the same period last year. The concentrated maintenance of vegetation during the off-season could not change the loose supply pattern of domestic urea. Domestic trade demand continued to shrink, and downstream companies restocked on demand at low prices. The supply of goods flowed to a small amount of agricultural demand and compound fertilizer factories, and most of the restocking was driven by traders looking to bottom out in the phased market outlook. Exports: The pace of domestic urea exports has accelerated recently, providing obvious positive support to substantial-grained urea (especially primary granulation). In addition, rumors about the issuance of the second batch of urea export quotas have emerged in recent days, which has supported urea futures and market sentiment.
We will contact you soon