Urea market many bearish market strong wait-and-see atmosphere
Source:Chinese fertilizer Author:Mann Hui Time:2014-11-19 Read:675second
Domestic urea market steady light continuously, parts prices continue to decline. Compound fertilizer to enhance capacity utilization is very slow, the short term on the urea pulling strength of weak; the demand of downstream industry not flourishing, no obvious promotion on urea prices; the insufficient domestic demand, East China, North China and central China prices continue to decline in the 10-40 yuan / ton 1450-1480 yuan / ton, mainstream factory. The recent decline in the volume of the port inventory, the late India save 1000000 tons of import demand (shipment in 2015 January), now part of sent to the port, the new port price 1550-1560 yuan / ton. 2014/2015 annual off-season reserves of chemical fertilizers for a total volume of 14000000 tons of urea, which reserves 7000000 tons, there are many unknown factors later, manufacturers more pessimistic. The short term no strong positive boost, the market will continue the trend of a narrow range of oscillation.