Daily Review of Urea: Many corporate orders have been fully received and the market is stable and consolidated before the Mid-Autumn Festival (September 14)

China Urea Price Index:

According to calculations from Feiduo data, the urea small pellet price index on September 14 was 1,959.23, an increase of 0.91 from yesterday, a month-on-month increase of 0.05% and a year-on-year decrease of 24.82%.

Spot market analysis:

Today, China's urea market is stable and consolidated,The holiday is approaching, and most companies in the main production and marketing areas have already received full orders. Today's quotations are mainly stable and firm, and the intention to adjust prices during the festival is not high.。

Specifically, prices in Northeast China have stabilized at 1,950 - 1,970 yuan/ton. Prices in East China have stabilized at 1,850 - 1,910 yuan/ton. The price of small and medium-sized particles in Central China has stabilized at 1,870 - 2,080 yuan/ton, and the price of large particles has risen to 1,960 - 2,020 yuan/ton. Prices in North China rose to 1,800 - 1,970 yuan/ton. Prices in South China are stable at 2020-2050 yuan/ton. Prices in the northwest region are stable at 1,930 - 1,980 yuan/ton. Prices in Southwest China are stable at 1,980 - 2,300 yuan/ton.

Market outlook forecast:

In terms of factories,Today, China's urea factory offers are stable and small, and some manufacturers offer prices.A tentative rise,The overall willingness to support prices is strong, and the downward trend of the market has been suspended. Orders to be issued are being executed one after another. It is expected that factory offers will be stable and concentrated during the holidays.。In terms of market,The follow-up situation of new orders in mainstream regional markets is average,Operators are cautious andAfter a round of transactions, the atmosphere of continuing to follow up was normal. After today's market price rose slightly, purchasing sentiment dropped, so we should wait and see market trends and mainly postpone it.。On the supply side,Nissan continues to pick up, the market is just about to weaken, corporate inventories continue to rise, mainly short-term accumulation of stocks, supply continues to be abundant, and prices are difficult to move upwards。On the demand side, currentlyDownstream pursuit sentiment is still relatively cautious. Compound fertilizer companies in some regions have parking plans approaching the Mid-Autumn Festival holiday, and there is a downward trend in start-ups. Their willingness to purchase raw materials has declined. Most of them have a wait-and-see mentality. They are mainly cautious in entering the market, and the actual purchase volume is limited.。

Overall, current ureaThe market continues to be pessimistic,operatorsLimited confidence in the future outlook, weakening purchase inquiries, expectedDuring the Mid-Autumn Festival, China's urea market was mainly stable and did not change much。