Numerous bearish urea market "silver ten" hopeless

According to the Gade Chemical Network large list of monitoring data show that this week the domestic urea market fell slightly, the average domestic factory price at the beginning of the week at 2230 yuan / ton, the weekend fell to 2222 yuan / ton, the weekly decline of -0.36%.

the main factor of influence:

First, the recent domestic urea manufacturers operating rate is higher, the market supply of goods is sufficient;

Second, the use of fertilizer in the northern part of the wheat end, and in addition to northern Anhui and Henan area, other provinces and regions are accustomed to use of compound fertilizer, pulling the urea market is not much;

Third, natural gas prices fell this week, and the cost of gas head urea manufacturers decreased;

Fourth, October is the last time for China's urea export off-season tariff period, but currently the international market price is low, the manufacturers export road was blocked;

V. The compound fertilizer market began to enter a downward track, which reduced the purchase of urea and unfavorable industrial demand.

Outlook outlook:

Utilities analyst Zhang Ming of Gade Chemical Network Chemicals believes that the recent urea market is plagued by many bearish factors. The just-started light storage has become the only straw in the urea market, but in the short to medium term, the downturn in the domestic urea market will continue until at least In mid-November.

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