China Urea Price Index:

According to Feiduo data, the urea small pellet price index on April 7 was 2,136.05, an increase of 5.45 from yesterday, a month-on-month increase of 0.26% and a year-on-year decrease of 18.79%.

Spot market analysis:

Today, the price of urea in China rose slightly. During the Qingming Festival holiday, companies increased their number of low-priced transactions, and many of them increased slightly to control orders.

Specifically, prices in Northeast China rose to 2,090 - 2,170 yuan/ton. Prices in East China rose to 2,030 - 2,120 yuan/ton. The price of small and medium-sized particles in Central China has stabilized at 2,050 - 2,300 yuan/ton, and the price of large particles has risen to 2,060 - 2,200 yuan/ton. Prices in North China rose to 1,940 - 2,140 yuan/ton. Prices in South China rose to 2,210 - 2,260 yuan/ton. Prices in the northwest region are stable at 2,090 - 2,100 yuan/ton. Prices in Southwest China are stable at 2,050 - 2,450 yuan/ton.

Market outlook forecast:

In terms of factories, during the Qingming Festival, low-price orders received by factories in the main production and marketing area improved, and most of the market transactions were at the low-end. After manufacturers received low-price orders, some factory quotations stabilized and slightly increased, and the market price trend increased slightly. In terms of the market, the market is running steadily and medium-to-medium range, and the mood is still pessimistic. In a short period of time, the market is stable and minor. It is mostly organized based on manufacturers 'orders acquisition, and the range of changes fluctuates slightly. In terms of supply, the industry's supply is still loose, equipment starts continue in the early stage, and output remains stable at a high level. On the demand side, downstream demand is limited to follow-up, and it is difficult to continue to advance. Many low-cost payments are made, and agricultural fertilizer preparation has been promoted during the holidays; most industries maintain just need to purchase, and start-ups have increased, and the market has gradually recovered.

On the whole, the current urea market situation has improved during the holidays, downstream willingness to follow up has increased, and industry supply is still high and stable. It is expected that urea market prices will continue to maintain stable and fluctuating in the short term.