Last week (August 28th -9 1), the basic balance of supply and demand of urea prices overall steady. In September 4th China urea wholesale price index (CNPI) for 1661.29 points, down 2.11 points, or 0.13%; rose 340.49 points, or 25.78%; than the period fell 201.96 points, or 10.84%; September 4th China urea retail price index (CNRI) for 1777.67 points, down 6.29 points, down 0.35% year-on-year; rose 361.49 points, or 25.53%; than the period fell 127.29 points, or 6.68%.
Supply: last week, urea enterprises resume production shutdowns and appear alternately, overall operating rate remained stable; urea enterprises overall operating rate remained at around 57%, of which the first gas enterprises operating rate rose to about 62%. In the aspect of synthetic ammonia, the methanol market increases, and the production of methanol in synthetic ammonia enterprises increases, the production of liquid ammonia decreases, and the price increases. Coal, due to environmental protection and security pressures led to tight supply, anthracite has 100-150 yuan / ton price increases.
Demand: agriculture, fertilizer throughout the autumn has not yet started, the demand for light industry, due to environmental protection; inspection efforts continue to increase, production of compound fertilizer production enterprises, increase operating rate is low in addition to fall further, fertilizer high phosphate based on urea, demand low fan; export, China FOB price is still higher than the international mainstream prices of exports.
International market: India tender was postponed again last week, but the price of international urea is still firm, and the situation of Urea Export in China is slightly improved. Last week, the Baltic small granular urea FOB prices over the previous week low-end prices fell $2 / ton, high-end prices steady, $200-205 / ton; black small particles urea prices steady, $202-204 / ton; Chinese small particles urea FOB price rose $2 / ton, $225-227 / ton.
Domestic situation: last week, the weekly price of urea in various parts of the country was up and down. Including Shanxi, Shandong, Hubei, Hunan, Yunnan, Xinjiang and other provinces urea wholesale and retail prices rose 5-100 yuan / ton; Tianjin, Shanghai, Fujian, Henan, Guangdong, Guangxi, Sichuan and other places of urea wholesale and retail prices rose 7-55 yuan / ton; the rest prices steady.
The recent domestic autumn fertilization has not yet started, the demand of agricultural light; compound fertilizer enterprises by environmental pressures, low operation rate, and the fall of production of high phosphate based, lack of international market demand for urea; although delayed India and Ethiopia bid, but the price is still strong, keep rising, Chinese Enterprises is expected to return to India bidding. To sum up, the market outlook is expected to price of urea or remained steady, need to pay attention to environmental protection inspection and India bidding.