The price of AdBlue's raw material is increaseing
As per the current markting, the upsteam coal and liquefied
natureal gas price rose silgihtly,cost support has increased. From the demand side: agricultural demand is
strong, industrial demand is enhanced. Spring ploughing approaching, domestic
fertilizer into the peak season, dealers take goods actively, but affected by
the epidemic, urea shipment blocked, freight surge. Compound fertilizer factory, plate factory
start load is higher, bargain right amount to follow up. Downstream melamine market prices have a
rising trend, the general enthusiasm for urea procurement. In terms of supply, some urea plants in
Shanxi will be shut down for environmental protection reasons, reducing urea
supply. Overall, urea cost support enhanced, downstream demand
increased, urea supply is insufficient, market urea rose slightly. That causes the price of AdBlue increase.