Last week (May 2nd -5 6), the domestic urea market demand for agricultural weak, poor export prices down. On September 5, China's urea wholesale price index (cnpi) for 1488.66 chain fell 17.76 points, decline in 1.18%, drop compared to the same period 231.24, decline 13.44%; than the base period fell 374.59, decline to 20.10%. China's urea retail price index (cnri) for 1572.49 chain fell 25.84 points, the decline range is 1.62%, drop compared to the same period 212.82, decline in 11.92%; than the base period fell 332.47, decline to 17.45%.
Supply: domestic urea enterprises operating rate fell slightly to about 71%, gas companies operating rate of about 60%; from the point of view of the market of raw materials, the smooth operation of the coal market demand generally, in the short term prices steady.
Demand: the spring agricultural fertilizer demand weakened, market is fatigued and weak, primary dealers with the mining; industrial compound fertilizer factory of urea sporadic replenishment; export temporarily good news.
The international market: International urea market mainly in small particles urea price each other now, among them, Baltic Sea small particles urea FOB prices over the previous week fell $2-3, maintained at $200-203 / tons; black small particles urea FOB low-end prices over the previous week rose $3 / tons, high-end price fell $1 / ton, stay at $205-207 / tons; China small particles urea FOB high-end prices over the previous week fell 2 dollars / ton, stay in 217-218 U.S. dollars / ton.
Regional conditions: last week, the domestic market price of urea in some areas are mixed, mainly to fall. The Shanxi, Jiangsu, Zhejiang, Fujian, Jiangxi, Shandong, Hubei, Guangdong, Guangxi, Sichuan, Guizhou, Yunnan, Gansu and other urea wholesale and retail prices fell 5-35 yuan / tons; and in Liaoning, Anhui and Henan Province urea market wholesale and retail prices rose 10-30 yuan / ton range. The rest remained stable.
Recent domestic urea market in spring summer sowing gap stage, in most parts of the domestic spring fertilizer use is nearing completion, the decline in demand. In the short term by domestic industrial and agricultural demand is weak, the export situation is not good, and other factors, is expected in the short term urea market prices or will continue to fall, the need to pay attention to enterprise operating rate and export changes.