Urea rise more than 100 yuan!
June 12, 2024, 9:21 AM
Urea net
1038
Urea rise more than 100 yuan.
Yesterday, the domestic urea market was stable and some prices rose slightly, and the market transaction atmosphere was acceptable.
In terms of demand, the current demand has not improved substantially, and small agricultural orders have been followed up sporadically. Compound fertilizer companies still have pressure on production and sales, and the overall start-up improvement is limited. Plate companies maintain low-load operation, and they mainly purchase at bargain prices.
In terms of supply, there are currently many production reduction and maintenance enterprises, and the daily output of urea is less than 140,000 tons. In terms of raw materials, civilian traders are more motivated to hoard coal in summer, the anthracite market is relatively active, and prices are on the rise. It is expected that the short-term domestic urea market will mainly fluctuate slightly.
In terms of futures: the opening price of urea futures main contract 2301 last Friday was 2247 yuan/ton, the highest price was 2343 yuan/ton, the lowest price was 2234 yuan/ton, the closing price was 2336 yuan/ton, and the settlement price was 2296 yuan/ton, which was higher than the previous transaction. It rose 4.24% on the day, with 2301 trading volume of 133024 lots, open interest of 97827 lots, and +10546 lots.
On August 15, the opening price of 2301, the main contract of urea futures, was 2342 yuan/ton, up 46 yuan/ton.
In terms of demand, the current demand has not improved substantially, and small agricultural orders have been followed up sporadically. Compound fertilizer companies still have pressure on production and sales, and the overall start-up improvement is limited. Plate companies maintain low-load operation, and they mainly purchase at bargain prices.
In terms of supply, there are currently many production reduction and maintenance enterprises, and the daily output of urea is less than 140,000 tons. In terms of raw materials, civilian traders are more motivated to hoard coal in summer, the anthracite market is relatively active, and prices are on the rise. It is expected that the short-term domestic urea market will mainly fluctuate slightly.
In terms of futures: the opening price of urea futures main contract 2301 last Friday was 2247 yuan/ton, the highest price was 2343 yuan/ton, the lowest price was 2234 yuan/ton, the closing price was 2336 yuan/ton, and the settlement price was 2296 yuan/ton, which was higher than the previous transaction. It rose 4.24% on the day, with 2301 trading volume of 133024 lots, open interest of 97827 lots, and +10546 lots.
On August 15, the opening price of 2301, the main contract of urea futures, was 2342 yuan/ton, up 46 yuan/ton.
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM