Last week (March 9th -16), driven by industrial demand, urea prices rose significantly, with the release of demand, the current rally has slowed down. Shandong area industrial orders was sufficient, manufacturers shipped smoothly, mainstream factory price increase 40 yuan / ton to 1360-1400 yuan / ton, but in Linyi fertilizer plant. Compared to the price at the beginning of the week fell 20-30 yuan / ton to 1370-1380 yuan / ton; Hebei area for the surrounding industrial and small manufacturers of the main agricultural market, mainstream factory price rose to 1350-1380 yuan; Henan local farmers to be less than the industrial orders, anti mainstream factory price to 1360-1410/ tons; Shanxi local fertilizer manufacturers is positive, no inventory, mainstream factory price 30-50 yuan / ton up to 1250-1350 yuan / ton; Jiangsu Anhui agricultural fertilizer required enthusiasm is still high, manufacturers go the goods smoothly, Jiangsu area up to 1440-1530 yuan / ton, Anhui mainstream factory price up to 1380-1400 yuan / ton; Zhejiang area local agricultural goods to go better, but because of the fear of foreign goods The impact of the mainstream ex factory price is only small up to 1370-1420 yuan / ton.
Outlook
Overall, urea downstream market demand increased area take the goods good, price increases, but the downstream demand lower prices in areas stable kicked upstairs, slowed, but taking into account the following agriculture and industry of the new wave of demand increase, prices in areas of weak market should not to have a larger drop space. Although the domestic market sales of the fiery, but the market lower, Baltic Sea price dropped to 188-190 dollars / tons, Black Sea price down to $194-198 / tons, China's urea offshore reference price rose, small particles 207-217 dollars / tons; large particles quotes 213-219 dollars / tons of domestic market prices higher prompted the port cargo return to the domestic market, but Hong remain high, estimated about 130-140 million tons. So the export may be the driving force of the market outlook is limited.