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The urea market is expected to be weak in the short term in China

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The urea market is expected to be weak in the short term in China

2022-08-09


Urea in China


China Nitrogen Fertilizer Industry Association: The urea market has strong cost support and is expected to be weak in the short term


Demand side:In terms of agriculture, a small amount of fertilizer is being prepared in some parts of Shandong, but the overall amount is limited. The agricultural demand in Northeast China has ended, and there is no obvious follow-up. Overall domestic agricultural demand is low.


In terms of industry: the operating rate of the rubber sheet industry has not improved yet, and the demand continues to be weak. The purchase volume of compound fertilizer-scale enterprises was relatively stable this week, and the purchase of raw materials by small enterprises was postponed.


Export: There are many bad news on exports this week, and there is no obvious export distribution. In addition, traders are mainly short-selling at present, and some businesses are temporarily withdrawing from the market to wait and see, and the overall demand side is in a weakening stage. Overall, the urea market may continue to fluctuate and fall in the short term.



 
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