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Last week (April-27 - April 30) by domestic agriculture continued procurement, positive impact on the export market, the urea market prices. Chinese urea wholesale price index (CNPI) May 4 to 1724.16 points, up 18.82 points, or 1.10%; rose 89.99 points, or 5.51%; than the base period fell 139.09 points, down 7.46 percent. May 4 Chinese urea retail price index (CNRI) to 1791.50 points, up 9.39 points, or 0.53%; than the base period fell 113.46 points, down 5.96 percent.
Supply situation: domestic urea companies operating rate rose slightly, remained at about 68%. From raw material market, anthracite market stability maintenance operation, pre-sale price promote coal prices, inventory has been digested. Post-market expectations is not encouraging.
Demand: domestic urea market operated smoothly and agricultural fertilizer basically coming to an end, demand in some areas still, watching the market atmosphere.
International market: international urea market purchases increased in every major region of small granular urea prices rose slightly. Among them, small particles of urea FOB Baltic Sea last week rose 6-10 yuan / ton, maintained at 256-262 US dollars / ton; the Arab Gulf FOB price of urea granules last week, up $ 5 / ton, held at 260- $ 265 / ton; Yuzhny urea granules FOB last week, up $ 10 / ton, remained at $ 260-266 / ton; the tender offer by India news boosted the small particles of urea FOB China rose last week 7-10 US dollars / ton, remained at $ 272-278 / ton. India IPL will be May 9 urea tender offer, the amount is expected to purchase 1.5 million tons for shipment to the end of June. Iran, the Arab Gulf supply limited, China will become a major supplier to this standard available.
REGION: The last week in parts of domestic urea market wholesale and retail prices were mixed, to rise based. Market turnover increased pressure in North China, some provinces prices fell 5-50 yuan / ton; parts of east and central China can still take the goods, prices rose slightly 10-30 yuan / ton; reduce the northeastern region of agricultural procurement requirements, industry take the goods still, the market being steady; some provinces and cities in Southwest China recently can still take the goods, prices rose slightly 15-30 yuan / ton; Northwest, South China market being steady operation.
By shrinking domestic demand, weak coal prices, India upcoming procurement and other factors, expected short-term market price of urea or being steady run, need to pay close attention to India's bid for the situation.
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