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China Nitrogen Fertilizer Industry Association: Urea market cost support is strong and will be weak in the short term

 Last Update: 2023-02-11
 Source: Internet
 Author: User

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　　The urea market weekly report released by the China Nitrogen Fertilizer Industry Association on July 8 showed that the domestic urea market declined weakly this week
.
Domestic supply is at a high level, agricultural demand has turned weak, industrial compound fertilizer is operating at a low load, and futures prices continue to decline, casting a greater shadow on new orders
.
Traders generally have the mentality of buying up and not buying down, and the wait-and-see mood is aggravated
.

　　The weekly report shows that under the situation of high raw material prices, the cost support is strong, and top-dressing fertilizer in some areas will bring certain benefits, superimposed on the impact of planned maintenance by some enterprises, and the urea market is expected to operate in a weak consolidation in the short term
.

　　According to statistics, according to the calculation of the production capacity of key enterprises accounting for 94.
22% of the national total, the national urea inventory is about 437,500 tons, an increase of 119,300 tons from the previous month, which is 210,100 tons more than the 227,400 tons of urea production enterprises in the same period last year
.

From: Shanghai Securities News

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