Home > News center > Trade news
May 16 wholesale price index for China's urea 2062.38 points
Chain rose 21.72 points, or 1.06%; than the base of the rose 199.13 points, or 10.69%
Last week (May 9 -13 days) a steady domestic urea prices rose, the market traded well. May 16 wholesale price index for China's urea 2062.38 points, ring up 21.72 points, or 1.06%; than the base of the rose 199.13 points, or 10.69%.
Urea, the major provinces in China last week, wholesale prices rose mainly between regions due to rounding. The main reason is higher prices reduced demand for domestic supply.
Supply: The supply reduction. By convention, urea, 4,5 months is the month of production enterprises shut down for maintenance, large and medium-sized manufacturing enterprises increased maintenance shutdown situation, leading to reduced domestic supply of urea.
Demand: increased demand. As summer approaches fertilizer, agricultural, industrial, fertilizer demand, particularly demand for nitrogen fertilizer factory on the increase.
Transport: The transport tension. Domestic demand due to the recent release fertilizer, fertilizer railway transportation soared, causing tension capacity. North fertilizer Nam Wan difficult. More obvious is that in Shanxi Province, due to poor rail transport, shipping companies Automotive increased.
International market: the international price hikes, and large increases in most regions. Among them, the Chinese FOB prices of urea 40-50 dollars, up to 381-401 U.S. dollars / ton. International prices, exports are expected to improve, to some extent, help to stimulate the domestic market prices.
Region: The North China last week, prices continued to rise by the impact of Shandong Province, with the rising price of driving around the area prices remain at 2000-2050 yuan / ton. Prices increased pressure after the business transaction. Price of a steady rise in Northeast, where prices rose significantly in Liaoning Province, chain rose 3.9%. Northwest, central region driven by the rising prices around, prices are slightly higher, short-term pressure is not outward. Southwest part of the production enterprises have ceased production, increased maintenance situation, the overall operating rate of low prices and stabilize the main.
Overall, the current market price of raw materials urea firm operating rate of decline in business, social inventory low and demand, coupled with rising international prices, market supply is tight, the market confidence is restored. Expected to rise this week, there is still room for urea market, but overall the stability oriented.
The last one:April sales booming agricultur...Next:NDRC official: the country has...