Trade name: urea

Latest price (April 22): 2153.33 yuan / ton

Spot price: according to the price monitoring of business association, the average ex factory price of urea in Shandong on April 22 was 2153.33 yuan, up 0.15% from yesterday’s quotation.

Futures market: on April 22, ur2107 closed at 2097, up 2.89% from the previous trading day, with a settlement price of 2085; The position is 100800.

Analysis: the upstream liquid ammonia market has a rising trend recently, and the cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, urea plant maintenance, supply side tightening. The operating rate of urea enterprises is about 70%, which has decreased, and the daily output has dropped to below 150000 tons.

Forecast: in the future, urea supply is slightly insufficient, but demand is rising. It is expected that the short-term urea market will rise slightly, and the average price quoted by manufacturers will be about 2170 yuan / ton.