1、 Price trend

According to the price monitoring of the business agency, the ex factory price of urea in Shandong Province rose slightly this week, with the quotation rising 0.20% from 1673.33 yuan / ton at the beginning of the week to 1676.67 yuan / ton at the end of the week, down 12.10% year on year. Overall, the urea market rose slightly this week, with the urea commodity index at 77.98 on January 17.

2、 Market analysis

Product: the main urea factory price in Shandong Province rose slightly this week. The quotation of Yangmei plain urea this weekend is 1650 yuan / ton, which is temporarily stable; Shandong Ruixing urea this weekend is 1670 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea this weekend is 1710 yuan / ton, which is temporarily stable compared with that at the beginning of the week.

Market demand: the current domestic market trading atmosphere is general, downstream risk awareness is strong, dare not hoard a large number of goods. The orders of enterprises increased slowly during the Spring Festival, agricultural goods were properly prepared, and the demand in the downstream was on demand. Some board factories began to have holidays, and the demand in the downstream slowed down. It is expected that the short-term market will fluctuate slightly. Next, pay attention to the downstream holiday and gas recovery.

Industry chain: the upstream products as a whole seem to have increased slightly: the price of natural gas rose slightly, with the quotation rising 0.76% from 3066.67 yuan / ton at the beginning of the week to 3090.00 yuan / ton at the end of the week, down 41.51% compared with the same period last year; the price of liquid ammonia rose slightly this week, with the quotation rising 1.11% from 3006.67 yuan / ton at the beginning of the week to 3040.00 yuan / ton at the end of the week, down 5.98% compared with the same period last year, overall It seems that urea cost support is strong this week. This week, the price of melamine in the downstream of urea was temporarily stable, with the price of 5933.33 yuan / ton. The purchasing capacity in the downstream was average, which had a negative impact on the price of urea. At the same time, the lower level of the downstream rubber plate plant has a negative impact on urea.

3、 Future forecast

In late January, the urea market in Shandong Province mainly fluctuated slightly. According to urea analysts of business association, at present, some manufacturers are affected by environmental protection factors, with low start-up level; while the demand is still weak, coupled with the low start-up level of rubber plate manufacturers, the industrial demand has also declined. At present, the domestic market does not have a greater positive support. It is expected that the short-term market will be consolidated at a low level.