Market analysis of urea in March

In March, the domestic urea market first declined and then rose, showing a "V"-shaped trend. As the market became "fear of high prices" after the early rise, coupled with the impact of low-priced and low-priced stocks, prices fell weakly. However, in the later stage of international tendering and other news, the market bottomed out and began to continue to rise. Spring plowing in the north is gradually ending, and domestic supply will increase next month. Combined with the current market continuing to rise and hinder, it is expected that the market will show a relatively weak situation after the stalemate has passed.

1. The price of urea falls first and then rises

In the first half of the month, the urea market continued its weakness and decline. Low-priced and low-priced stocks impacted the market and the label was postponed. As a result, confidence in the domestic market was weak, and prices continued to fall. In the second half of the month, firstly, the output of Inner Mongolia’s “dual control of energy consumption” decreased, and then the urea plant in the international market suffered an accident, reduced supply, and a change in market mentality. After the decline in market prices stopped, the market began to rebound. "Double high prices" once again injected strong support into the market, and prices continued to rise.

2. The market is expected to be relatively weak in April

In terms of supply, production in Inner Mongolia will resume in early April, and domestic supply will continue to increase. In terms of agricultural demand, spring ploughing in the north ends before and after the Ching Ming Festival, and fertilizer is used in the south and northeast regions, but relatively speaking, the amount of fertilizer is relatively small, and the support for the market is weak. In terms of industry, the current demand for sheet metal plants and compound fertilizer plants is average, and procurement is still on-demand. In terms of exports, China’s participation in the marking of this time is 1 million tons, and the shipping schedule is on April 28. However, there is still a certain gap in the port. Therefore, the port-direction shipment will become the main support for the domestic market in April, while the domestic demand is only Can play a supporting role.