Domestic urea market prices down

After years, the domestic urea market has been tepid and the price has even declined slightly. The main reason is that domestic demand is sluggish and exports are not smooth. Although many places have already ended bad weather and the temperature has shown signs of recovery, the late spring weather has dispersed the demand and time for allocating fertilizers and fertilizers. The dealers also have stocking behavior during low prices, so the local demand is insufficient to support the overall situation. , Manufacturers accumulated inventory from the Spring Festival so far can not be digested, the price can only be properly adjusted. The export was delayed due to the repeated delays in India's bidding. The international market started to decline and was in a stagnant state. Although the port had arrived, most manufacturers and merchants were not pricing. In recent days, the price of FOB 310 US dollars/ton for the bidding in Taiwan has given the market a shot. Although it may not be a transaction, it is enough to see the pessimistic expectations of the international market. Therefore, the tendering in India may be scheduled but not necessarily as expected.
The domestic urea market is consolidating and falling. The current mainstream price is 1550-1630 yuan per ton, and the prices quoted by most manufacturers in East China and North China have been reduced by 20-40 yuan/ton in different degrees. The actual transaction is a single proposal.
After March, all regions will also enter the peak stage of preparing fertilizers and top-dressing fertilizers. However, due to manufacturers' inventory pressures, market stocking levels, and downstream mentality, regional market conditions may stabilize local market conditions, but at present there is no Obviously favorable factors to promote its rebound, and India's bid price or price can give the market guidance, through the export volume to consume domestic inventory to boost market confidence, the main trend may have a slight warmer. It is expected that the domestic urea market will be supported by domestic demand in a narrow range in early March. After that, it will wait for India's bids to influence its trend.