Urea prices and market commentary on March 5

Mondo Finance Updated on 2024-03-07

Xinjiang urea**

As of the evening of March 5, the spot price of urea in northern Xinjiang was 2080-2210 yuan, the spot price of urea in southern Xinjiang was 2180-2210 yuan, and the average spot price in Xinjiang was 2161 yuan. Xinjiang Central Asia Commodity Trading Center urea spot**

Urea** Daily Review

Xinjiang market:

Today, the urea market in Xinjiang is running steadily. In the Xinjiang market, with demand continuing to follow up and factories ready to be spent, market trading activity has increased, and spot transactions** have gradually risen. Centralized procurement has increased, and the market atmosphere is better. *Aspect: Some factories are shut down for maintenance, the heart-to-heart factory is differentiated, the rest of the factories are in normal production, Nissan in Xinjiang has declined slightly, the current factory is ready to be sufficient, and the factory has a heavier price mentality. On the demand side: the enthusiasm of downstream receiving goods has increased, the follow-up of agricultural demand is sufficient, and industrial customers are mainly purchasing on demand. In the short term, with the improvement of low-end transactions, there is a trend of making up for the rise, the number of days to be sent by the factory is 5-7 days, and the downstream orders continue to follow up.

Domestic Market:

Today, the domestic urea market continues to be small, the domestic mainstream production areas continue to rise, the downstream resistance to the market is gradually emerging, and the procurement needs to be followed up cautiously. At present, with the beginning of spring fertilizer, the market transaction atmosphere is improving, and the factory has successively shipped the pre-harvest, and under the support of new orders, the first has been running steadily. The domestic daily output of about 180,000 tons is running at a high level, and under the influence of spring plowing and fertilizer superimposed on exports, the factory is trying to adjust prices. The demand for industrial and agricultural markets has fully followed, and logistics mobility has increased. On the whole, demand growth is good for the market, and the downstream is forced to accept **, and it is expected that the spot may maintain a stable and upward trend in the short term.

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