Urea prices continue to rise and sales are slowly improving

Domestic urea prices continue to rise. Although the winter wheat return fertilizer in Henan, Jiangsu and Anhui provinces has ended and local demand is relatively flat, the spring fertilizer market in other regions is gradually starting up, and the overall sales situation is still slowly improving, so the main trend is still rising. Some manufacturers in Shandong, Hebei, Henan, Anhui, and Jiangsu provinces today offered a rise of RMB 10-20/ton, of which the high-end prices of RMB 2,150/ton from the Hebei-Luyu region increased significantly, and the current factory price is RMB 2100-2150/ton; Factory price 2130-2160 yuan / ton, Jiangsu 2140-2180 yuan / ton. The use of winter wheat in Henan, Anhui, and Jiangsu has ended, and the traditional urea demand is off-season in March-April. Currently, the above-mentioned urea products are mainly exported from Jiangxi, Hunan, Hunan and Guangdong. After the first round of price hikes in the northeastern region, the prices of most manufacturers were temporarily stable after the first round of price hikes in the northeast region. Only individual offers were slightly raised. The current mainstream factory price is 2,200-2,250 yuan/ton, and the market is generally around 2,300 yuan/ton. In addition, affected by the increase in prices in the north, the prices of urea in Hunan, Guangdong, Guangxi, and other southern regions also rose slightly, but the increase was significantly weaker than in the northern region. Taken together, at present, the domestic urea market is still in the process of gradual start-up, and the situation of late-stage transactions will gradually improve. It is expected that the mainstream prices will continue to maintain a steady upward trend in the near future.

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