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Domestic Urea Prices Analysis

2022-06-24





Price trend

In June, the domestic comprehensive price of urea stopped falling and rose. The price was 0.45% compared with the price in May, and a year-on-year increase of 15.45%.


Analysis review

Upstream, the cost of urea had general support for urea. Downstream, the demand for urea in agriculture weakened, and the industry was mainly based on just-needed users. The daily production of urea decreased slightly and the supply was insufficient. In the market outlook, urea mainly rose in a narrow range.

Market outlook

In the future, it is expected that the ex-factory price of urea in Shandong may fluctuate upward slightly, and the average price of manufacturers' quotations will increase within 10%.


 
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