Chinese urea to the port bonded warehouse shipping deadline has not yet, the large urea tender in India is still in progress. Two good, still did not help the good performance of the the domestic urea in early November, but staged a sharp dive in the end of the the urea export window period. At the same time, the international urea market also cut prices across the board. The pace of the two markets again step on a little on.
In October, in fact, the domestic urea quote has lost its meaning. Agricultural fertilizer off-season, dealers wait-and-see mood; fertilizer factories which are in shutdown state, the only the Jiangsu Province fertilizer factory operating rate of less than 10%; plastic sheet plant market downturn, resulting in the decline in operating rates, weak demand. These causes domestic urea market goods to go slow, urea offer export support disadvantaged steady, but the actual transaction price is often lower.
Last week, the occasion of the end of the window period of Chinese urea exports, domestic factory price of urea rapid decline in mainstream offer down to 1880 to 2000 yuan (t price, the same below), down 100 yuan up and down. Customs and has been given the message, the port bonded warehouse to Win deadline to November 15, which means that factory shipment time at least to this weekend. India STC issued also by the end of October urea tender notice, the tender of a minimum bid price of $ 406, compared with the recent India tender price is $ 6 higher.
These two favorable factors in the face of the situation when the domestic urea supply and demand imbalance, appears to be a drop in the bucket. Next, the domestic market will start waiting for the light storage, fertilizer factories began getting goods remained low, Dongchu start.
Last year the domestic urea quote in 1900 ~ 1950 yuan rebound, of course, which the Government to adjust the impact of the tariff. So this year, the urea market will hit bottom at the right? A Jiangsu retailers told reporters that he felt that as long as the price went to 1900 yuan may be getting goods; to a Guangdong wholesalers that urea this year the end of 1800 yuan. Each person may have a psychological level, but the specific operation depends on domestic urea plant when a large area of ​​limited production shutdown may be expected to basic Over the next two weeks you can start getting goods. Of course, must also pay close attention to the relevant government policy adjustments.
Then the domestic market, and look at the international market. Last week, the international urea prices fell across the board, the average decline in the $ 15. Which the Yuzhnyy small particles of urea FOB USD 370 ~ 385, or $ 17 to 25; Baltic 372 to $ 380, down $ 15 to 18. Eastern European small decline in granular urea is order the India urea tender competition from China, Iran urea. Large granular urea prices fell mainly because the market is oversupplied gradually emerging. The international market is getting into the "winter".