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Production and sales trends of urea enterprises on March 16

2021-03-16View Original

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Production and sales trends of urea enterprises as of March 16 – Author/Source: Business Society – Date: 2021-03-16 – Clicks: 6. On March 16, the urea production equipment at Yangmei Pingyuan Chemical Co., Ltd. was operating normally. Small-particle urea costs 2,100 yuan per ton; the price has increased by 20 yuan per ton, with the actual transaction price being determined through negotiation. On March 16, the maintenance of the urea production equipment at Shandong Jinmei Mingshui Chemical Group Co., Ltd. was completed. The price of small-particle urea is 2,070 yuan per ton; this price remains stable for now, with the actual transaction price being determined through negotiation. On March 16, Shandong Ruixing Chemical Co., Ltd. has an annual urea production capacity of 1.6 million tons, with a current daily production of around 5,000 tons. The spot price for small-particle urea is 2,080 yuan per ton; the price has increased by 20 yuan per ton, with the actual transaction price being determined through negotiation.   On the demand side: Agricultural demand is usually met as it is harvested, with modest willingness on the part of end-users to make purchases; agricultural procurement is cautious in major regions ; The operating load in the downstream fertilizer and rubber sheet manufacturing industries is fairly decent; small orders are placed when prices are low, with most operations following market conditions. On the supply side: Currently, the operating rate of urea manufacturers is around 72.5%, with a daily production volume of about 160,000 tons. Some of the inventory held for seasonal use is being released gradually, leading to an increase in the operating capacity of urea manufacturers. Due to the gradual recovery in demand in various regions, as well as factors such as expectations regarding pricing in India, some manufacturers still remain willing to maintain high prices.

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