The operation rate of urea remained low, the dealers were actively purchasing, and the price of urea continued to rise. Chinese urea wholesale price index (CNPI) for 1929.92 points, up 57.70 points, or 3.08%; rose 275.81 points, or 16.67%; than the base period rose 66.67 points, or 3.58%. Chinese urea retail price index (CNRI) for 2025.28 points, up 44.43 points, or 2.24%; rose 312.71 points, or 18.26%; than the base period rose 120.32 points, or 6.32%.

Supply: last week, the supply of natural gas was still tense, and the operation rate of urea enterprises remained low. The overall construction rate of the urea enterprise remained at about 44%, and the start rate of the gas head enterprise fell to less than 20%. In the aspect of synthetic ammonia, due to the conversion of urea to some enterprises, the operation rate of synthetic ammonia is decreasing, and the situation of tight supply and trans provincial transportation is more common, and the price has risen sharply. In the coal area, the output of the mining area is low, and the coal species are affected by the increase of thermal power, chemical and civil demand, and the price continues to rise.
Demand: agriculture, affected by the continuous low urea production, some dealers have increased the enthusiasm for the production of agricultural fertilizer, and the winter storage has been promoted. In industry, the start-up rate of compound fertilizer enterprises is under the influence of environmental pressure and cost pressure to keep the low level, and the urea demand is stable. As the domestic supply is tight, the urea is now basically zero export.
International market: the price of urea in the Middle East and the United States continued to rise last week, influenced by factors like India bidding and China's no export sources, and prices in other regions were strong. The Baltic small granular urea FOB steady, US $212-220 / ton; black small particles urea FOB steady, US $215-220 / ton; China small granular urea FOB low-end price rose $5 / ton, high-end prices rose 10 U.S. dollars / ton, $275-285 / ton.
Domestic situation: last week, the domestic regional urea price cycle ratio increased mainly in various regions. Including Beijing, Tianjin, Inner Mongolia, Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Henan, Hubei, Hunan, Guangdong, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Shaanxi, Gansu, Xinjiang and other provinces urea wholesale and retail prices rose 10-120 yuan / ton, the rest prices steady.
The current domestic urea market dealers purchase enthusiasm is high, agricultural fertilizer promoted winter reserves, the operating rate of compound fertilizer enterprises will remain low; urea enterprises of raw materials shortage and environmental factors, operating rates remain at historic lows, tight supply, no export goods. It is expected that there will be no significant improvement in the supply of raw materials in the future, and the start rate will remain low, and the supply tension will affect the price of urea or will continue to rise.