Domestic urea ex-factory price on October 21

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Domestic urea ex-factory price on October 21 Author/Source: Business Society Date: 2021-10-21 Clicks: 28 The prices of upstream coal and liquefied natural gas have risen slightly recently, providing strong cost support. From the demand side: demand is increasing; the agricultural sector is starting to prepare fertilizers, and industrial demand is rising. Downstream industries such as compound fertilizer and plywood manufacturers have an increased demand for urea. The operating capacity of melamine production plants remains high, with production generally adjusted according to actual demand on a timely basis. On the supply side, urea is entering a period of concentrated maintenance, resulting in a reduction in supply; the daily production of urea is around 140,000 tons. Internationally: Restrictions on China’s urea exports could further drive up international urea prices. Overall, rising costs of urea, increasing demand from downstream industries, and a decrease in urea supply have led to a situation where supply falls short of demand. http://img.yf116.cn/image/img/20211021/1714206206095.jpg