Last week (February 6th -2 10), urea market gradually warming after the Spring Festival, spring ploughing fertilizer fertilizer started, prices rose slightly. In February 13th, China urea wholesale price index (CNPI) for 1716.20 points, up 9.12 points, or 0.53%; rose 278.03 points, or 19.33%; than the period fell 147.05 points, or 7.89%. In February 13th, Chinese urea retail price index (CNRI) for 1801.55 points, up 21.35 points, or 1.20%; rose 270.39 points, or 17.66%; than the period fell 103.41 points, or 5.43%.
Supply: last week, part of the production enterprises of urea enterprises gradually resume production, the operating rate rose faster. Among them, the overall operating rate of urea enterprises picked up to about 60%, gas companies operating rate rose to about 44%. The upstream coal market started after the holiday, but most of the mines after the Lantern Festival was officially started, stocks declined, but the overall stabilization of prices; synthetic ammonia, after the downstream demand continues to increase, in some areas of tight supply, prices rose to varying degrees.
Demand: Recently, a small amount of fertilizer to promote agricultural production, the overall market is relatively stable; compound fertilizer industry, shipping companies last week during the Spring Festival is improved, the operating rate increased slowly, the increase of demand for urea; exports, domestic exports of goods after the first week is still less.
International market: Recently, some areas of urea imports to reduce or suspend, but the overall supply of urea by China's low operating rate, export reduction and other factors still have gaps, prices rose slightly. Among them, the Baltic small granular urea FOB low prices over the previous week rose 4 U.S. dollars / ton, high-end prices rose 2 U.S. dollars / ton, remained at $260-263 / ton; black small particles urea FOB steady over the previous week, remained at $250-252 / ton; Chinese small granular urea FOB low prices over the previous week rose 6 dollars / ton, high-end prices rose 5 U.S. dollars / ton, remained at $246-250 / ton.
Various regions: last week, domestic urea prices in various regions. Including Tianjin, Hebei, Liaoning, Jiangsu, Fujian, Jiangxi, Shandong, Henan, Hubei, Guangxi, Chongqing, Yunnan, Xinjiang and other places of urea wholesale and retail prices rose 5-90 yuan / ton; Shanxi, Zhejiang, Anhui, Hunan, Shaanxi and other places of urea wholesale and retail prices fell 10-75 yuan / ton, the rest of the price steady.
Recently, the domestic demand of agricultural urea slow; industry, compound fertilizer enterprises after the slow resumption of production, demand for urea began to ascend; international demand slightly reduced, and domestic urea supply is tight, exports less. In summary, the expected short-term price of urea remained steady, need to pay attention to spring promotion and environmental protection policies and coal price changes.