Recently, the urea market has remained stable with an upward trend. Some suppliers are stocking up ahead of the holiday, and manufacturers’ prepayments are satisfactory. As of February 10, the average price of small and medium-sized urea granules in China was 1,791.30 yuan per ton, up 0.18% month-on-month. As the Spring Festival approaches, traders and downstream industrial enterprises are actively stocking up to meet immediate needs. Coupled with the good prepayment situation of urea producers earlier, new orders continue to ease the inventory pressure on urea companies. The total inventory of urea enterprises is 720,000 tons, a decrease of 7.10% month-on-month.
During the Spring Festival, urea production enterprises maintain stable operations, mainly fulfilling pre-sold orders. Downstream industrial enterprises gradually reduce their operating rates to low levels. Before the fifteenth day of the lunar new year, industrial demand is limited, and the market enters a phase of high prices but low trading volume. Manufacturers are not strongly inclined to adjust prices, and it is expected that prices will remain stable. (Zhuochuang Information)
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卓创资讯:Manufacturers' prepayments are acceptable, and urea prices are steady with an upward trend
Recently, the urea market has remained stable with an upward trend. Some suppliers are stocking up ahead of the holiday, and manufacturers’ prepayments are satisfactory. As of February 10, the average price of small and medium-sized urea granules in China was 1,791.30 yuan per ton, up 0.18% month-on-month. As the Spring Festival approaches, traders and downstream industrial enterprises are actively stocking up to meet immediate needs. Coupled with the good prepayment situation of urea producers earlier, new orders continue to ease the inventory pressure on urea companies. The total inventory of urea enterprises is 720,000 tons, a decrease of 7.10% month-on-month.
During the Spring Festival, urea production enterprises maintain stable operations, mainly fulfilling pre-sold orders. Downstream industrial enterprises gradually reduce their operating rates to low levels. Before the fifteenth day of the lunar new year, industrial demand is limited, and the market enters a phase of high prices but low trading volume. Manufacturers are not strongly inclined to adjust prices, and it is expected that prices will remain stable. (Zhuochuang Information)