On June 3, the price of urea in Shandong rose by 2.15%

Trade name: urea

Latest price (June 3): 2455.00 yuan / ton

On June 3, the ex factory quotation of urea in Shandong increased by 51.67 yuan / ton, or 2.15%, compared with the quotation on June 1. The prices of upstream natural gas and coal have risen slightly recently, and the cost support is good. In terms of demand, the agricultural demand is still sufficient; The downstream compound fertilizer and rubber sheet factories take goods actively, and the new orders of enterprises follow up well. From the aspect of supply: in recent years, some enterprises in Shandong, Xinjiang, Hebei, Henan and other places still have the same equipment maintenance, the supply side is tightened, the daily output of urea is reduced to less than 160000 tons, and the enterprise inventory and social inventory are also maintained at a low position. On the whole, this week’s urea cost support is strong, downstream demand is strong, and urea supply is tight.

It is expected that the ex factory price of urea in Shandong will rise slightly in the future: the average price quoted by the manufacturer is about 2500 yuan / ton.

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