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Last week, the urea market overview - domestic prices are gradually move closer to the international
Source:China Fertilizer Network   Author:Ling Fa   Time:2013-08-06   Read:768second  
Last week, urea prices still continued the trend last week, weekend prices fall, the week weak consolidation, mainly in Shandong to the current low price to 1590-1600 yuan / ton, and mainly for the export of a single price. Recent domestic summer agricultural demand has been significantly reduced, most dealers have stopped stocking into the wait state, the manufacturer's sales focus has gradually shifted exports and industrial, and industrial fertilizer plant due to orders in general, coupled with the raw material situation of uncertainty, it in reserves not much inventory, so the price of the benchmark will be concentrated in exports. Now India tender offer results are announced, according to latest news it has identified 1.4 million tons cargo, of which 900,000 tons from China, and the remaining 500,000 tons of Iran supply, CFR price of about 303.5-305.68 dollars / ton, this setback Chinese ex highest accessible 1,600 yuan / ton down, with the current domestic prices are still three fifty gap. After the Indian tender, other countries or one after the export of small single transaction, with the increase in export orders, domestic and international prices move closer to the domestic market or decline stabilized.
Forecast: Current Agriculture shrinking demand on the one hand, and the increase in export volume is on the other hand, another learned because prices continued to maintain a low ebb, has been part of the old device into the parking state, earlier this month, there are some manufacturers have a maintenance plan. Walking in the export volume, market supply reduced circumstances, industrial demand is likely to be pushed up. But the latter situation is still uncertain, dealers have no prepared fertilizer demand, with industrial exports alone, the pulling effect on the overall market is limited. Domestic urea market is expected this week or after dropping slightly edged possible.
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