Last week (November 21st -11 25), urea market by cost and capacity factors support, price increases. In November 28th, China urea wholesale price index (CNPI) for 1563.13 points, has lasted for 8 weeks in a rising trend, rose 51.75 points, or 3.42%; fell 28.35 points, or 1.78%; than the period fell 300.12 points, or 16.11%. Chinese urea retail price index (CNRI) for 1611.02 points, up 22.43 points, or 1.41%; fell 98.88 points, or 5.78%; than the period fell 293.94 points, or 15.43%.
Supply: last week, urea enterprises operating rate decreased slightly steady. Among them, the domestic urea overall operating rate fell again below 53%, gas enterprises operating rate fell below 30% last week; the coal market running smoothly, anthracite supply increased slightly, high price stability; synthetic ammonia, northern areas by environmental pressures affect the maintenance or reduction, the southern part of the downstream enterprises increased demand, supply continuity tensions over the previous week, ammonia prices rose 130 yuan / ton.
Demand: the recent domestic agricultural overall demand for urea; last week Dongchu slow progress, compound fertilizer enterprises announced winter storage prices gradually clear, and showed a rising trend, the operating rate increased slowly, some companies have begun to be shipped, pull on the demand for urea; the export of India new round of bidding for price hikes and October poor sales and withdrawal, the international market demand frustrated.
International market: the international market due to the withdrawal of India has been frustrated, but the United States Gulf demand is still in the news release late, the international price is still no significant reaction. Among them, the Baltic small granular urea FOB low prices over the previous week rose 12 U.S. dollars / ton, high-end prices rose 20 U.S. dollars / ton, remained at $215-230 / ton; black small particles urea FOB low-end and high-end prices rose 2 U.S. dollars / ton, remained at 220-225 U. s.dollars / ton; the price of urea granules offshore in the low-end price steady, high-end prices fell 3 U.S. dollars / ton, remained at $230-235 / ton.
Regional conditions: last week, the domestic urea prices in various regions dominated. Among them, Hebei, Liaoning, Shanghai, Jiangsu, Fujian, Jiangxi, Shandong, Henan, Sichuan, Guizhou,, Yunnan, Shaanxi, Gansu, Xinjiang, and other places urea wholesale and retail prices rose 5-120 yuan / ton. Tianjin, Anhui, Hubei, Hunan and other places of urea wholesale and retail prices fell 10-15 yuan / ton, the price remained steady rest.
Recently, the domestic urea basically no agricultural demand. The industry by winter continued to promote the effect of compound fertilizer enterprises operating rate improved, increased demand for urea; international market, India withdrawal make suppliers some of the price in the international market at a loss, although mixed, but downward pressure; the supply side, urea enterprises operating rate is low, coal prices stabilize, ammonia prices expected, the urea market demand in the short term will be slightly increased, prices will continue to rise by the cost of support.