Last week (26 -1 January 22nd), the demand for agriculture was weak, the stock of enterprises increased and the price of the urea market ran steadily. In January 29th Chinese urea wholesale price index (CNPI) for 1990.59 points, up 4.84 points, or 0.24%; rose 270.18 points, or 15.70%; than the base period rose 127.34 points, or 6.83%. In January 29th China urea retail price index (CNRI) for 2073.86 points, up 0.50 points, or 0.02%; rose 293.91 points, or 16.51%; than the base period rose 168.90 points, or 8.87%.

In January 29th Chinese Urea Export Price Index (CNEI) for 1931.76 points, down 4.08 points, or 0.21%; than the base period rose 72.76 points, or 3.91%.

Supply: the start rate of urea enterprises dropped last week. The overall construction rate of the urea enterprise fell to about 45%, of which the start rate of the gas head enterprise fell to about 15%. In terms of synthetic ammonia, some enterprises transfer urea because of the snowfall, and the price is stable. Coal, affected by environmental pressure and snowfall, is short of production and foreign transport, and the price of anthracite has generally risen by about 20-50 yuan per ton.

Demand: in agriculture, the demand is only partial, the distributor is careful to stock up, and the purchase intention is low. Industry, the compound fertilizer new single follow up is not good, under the environmental pressure, the start rate is difficult to rise, and the demand for urea is low. As the domestic supply is tight, the urea is now basically zero export.

International market: last week international traders began to accept China's expectations of no longer exports or even imports, turning to other regions, and rising international prices. Among them, the black small particles urea FOB low-end and high-end prices rose 5 U.S. dollars / ton, 230-235 U.S. dollars / ton; the Baltic small granular urea FOB low-end price rose $1 / ton, high-end prices rose 2 U.S. dollars / ton, 220-225 U.S. dollars / ton; China small particles urea FOB price low steady, high-end prices fell 10 U.S. dollars / ton, 300-310 U.S. dollars / ton.

Domestic situation: last week, the price of urea at home and abroad was compared to each other in every region. Including Heilongjiang, Shanghai, Anhui, Fujian, Jiangsu, Jiangxi, Shandong, Henan, Guangdong, Sichuan, Guizhou, Xinjiang and other provinces urea wholesale and retail prices rose 10-100 yuan / ton; Hebei, Hubei, Guangxi, Yunnan, Shaanxi and other provinces and municipalities in the wholesale and retail of urea prices fell 10-100 yuan / ton; the rest of the price steady.

At present, the demand for urea agriculture in China is weak, dealers are avoiding risks and wait-and-see is the main reason. Industrial demand is depressed by factors such as environmental protection and so on. Natural gas and coal supply are all tight and operation rate is limited. It is expected that the future supply and demand of the urea market will continue to continue, and the price will run weakly, and we should pay attention to the changes in the raw material market and policy.