Home » Business » The market price of urea may fluctuate slightly after producers have cut prices and absorbed orders.

The market price of urea may fluctuate slightly after producers have cut prices and absorbed orders.

Source: Jintou.com

On September 21, the global domestic urea price declined slightly, down 27 yuan / ton from the September 20 price, a 1.05% decline and a 0.97% year-over-year increase from at the same time last year.

Upstream anthracite prices rose slightly, with better cost support. Agriculture needs a small amount of stocks and industrial needs are gradually expanding. The rubber sheet factory started at a low level and the purchase was mostly barely needed. The compound fertilizer factory started to increase and the urea demand increased slightly. The price of melamine has risen slightly and the enthusiasm for buying urea has been good.

From a supply point of view, urea production has slightly decreased due to short-term plant shutdowns in some regions. As National Day approaches, producers cut prices to attract orders.

In the future, the domestic market price of urea is expected to fluctuate slightly and the average market price will be around 2520 yuan / ton.

(Article Source: Business Club)

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