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The domestic urea market is difficult to change from the downturn, and prices continue to fall.
On January 11, the China Urea Wholesale Price Index (CNPI) was 1530.
98 points, down 25.
81 points from the previous month, or 1.
66%; down 129.
08 points year-on-year, or 7.
78%; and down 332.
27 points, or 17.
83%, from the base period.
The China Urea Retail Price Index (CNRI) was 1648.
23 points, a decrease of 34.
64 points from the previous month, a decrease of 2.
01%; a year-on-year decrease of 99.
07 points, a decrease of 5.
67%; and a decrease of 256.
73 points from the base period, a decrease of 13.
48%.
? Supply situation: The operating rate of domestic urea companies dropped slightly to 72%, and the operating rate of the gas-stricken companies affected by gas restrictions fell below 50%.
From the perspective of the raw material market, the anthracite market is operating steadily, the demand is weak, and the market has a strong wait-and-see sentiment.
The market is approaching the Spring Festival or there is no market.
? Demand situation: The domestic urea market has sluggish industrial and agricultural demand, and the market has a strong wait-and-see atmosphere; the export market is not optimistic.
? International market: International urea production enterprises maintain high-capacity production, while demand continues to be weak, and the prices of small granular urea in major regions have fallen sharply.
Among them, the FOB price of small granular urea in the Baltic Sea fell by US$4-5/ton from the previous week and remained at US$225-228/ton; the FOB price of small granular urea in the Arabian Gulf dropped by US$10/ton from the previous week and remained at 225- US$230/ton; the FOB price of urea in the Black Sea dropped by US$12/ton from the previous week and remained at US$228-230/ton; the FOB price of urea in China fell by US$10-12/ton from the previous week and remained at US$222-225/ton.
? Various regions: Last week, the domestic urea market was operating weakly, and prices in some regions continued to fall.
Among them, the wholesale price of urea in Shanxi, Jiangsu, Anhui, Fujian, Shandong, Hubei, Guangdong, Chongqing, Sichuan, Shaanxi, Gansu, and Ningxia fell 10-50 yuan/ton.
The retail price in the above-mentioned areas fell slightly more than the wholesale price.
In 10-70 yuan / ton; market prices in other regions remain stable.
? The current domestic and foreign urea markets are weak, coupled with the fluctuation of my country's capital market and the devaluation of the renminbi, which have increased the uncertainty of market changes.
In the short term, it is expected that the domestic urea market price may continue to fall under pressure.
On January 11, the China Urea Wholesale Price Index (CNPI) was 1530.
98 points, down 25.
81 points from the previous month, or 1.
66%; down 129.
08 points year-on-year, or 7.
78%; and down 332.
27 points, or 17.
83%, from the base period.
The China Urea Retail Price Index (CNRI) was 1648.
23 points, a decrease of 34.
64 points from the previous month, a decrease of 2.
01%; a year-on-year decrease of 99.
07 points, a decrease of 5.
67%; and a decrease of 256.
73 points from the base period, a decrease of 13.
48%.
? Supply situation: The operating rate of domestic urea companies dropped slightly to 72%, and the operating rate of the gas-stricken companies affected by gas restrictions fell below 50%.
From the perspective of the raw material market, the anthracite market is operating steadily, the demand is weak, and the market has a strong wait-and-see sentiment.
The market is approaching the Spring Festival or there is no market.
? Demand situation: The domestic urea market has sluggish industrial and agricultural demand, and the market has a strong wait-and-see atmosphere; the export market is not optimistic.
? International market: International urea production enterprises maintain high-capacity production, while demand continues to be weak, and the prices of small granular urea in major regions have fallen sharply.
Among them, the FOB price of small granular urea in the Baltic Sea fell by US$4-5/ton from the previous week and remained at US$225-228/ton; the FOB price of small granular urea in the Arabian Gulf dropped by US$10/ton from the previous week and remained at 225- US$230/ton; the FOB price of urea in the Black Sea dropped by US$12/ton from the previous week and remained at US$228-230/ton; the FOB price of urea in China fell by US$10-12/ton from the previous week and remained at US$222-225/ton.
? Various regions: Last week, the domestic urea market was operating weakly, and prices in some regions continued to fall.
Among them, the wholesale price of urea in Shanxi, Jiangsu, Anhui, Fujian, Shandong, Hubei, Guangdong, Chongqing, Sichuan, Shaanxi, Gansu, and Ningxia fell 10-50 yuan/ton.
The retail price in the above-mentioned areas fell slightly more than the wholesale price.
In 10-70 yuan / ton; market prices in other regions remain stable.
? The current domestic and foreign urea markets are weak, coupled with the fluctuation of my country's capital market and the devaluation of the renminbi, which have increased the uncertainty of market changes.
In the short term, it is expected that the domestic urea market price may continue to fall under pressure.
