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Affected by higher raw material prices and the decline of the industry operating rate, the price of urea rose slightly last week, monitoring shows that last week (April 25-May 1) the domestic price of urea from the previous week (the same) rose 0.1%, Southwest Rose more obvious, Yunnan, Sichuan, Chongqing, were up 1.4% urea, 1.0%, 0.5%.
Recently, natural gas, coal prices higher, pushing up the cost of production of urea. In addition, tight power supply in some areas, the overall operating rate of fertilizer business declined, the market supply reduction.
May after the basic needs of the end of spring fertilizer equipment, decreased market demand, is expected to post domestic urea prices stabilize. (Business Forecasting)
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