SunSirs: On July 27th, Domestic Urea Prices Increased by 3.27%

https://www.chemnet.com   Jul 28,2023 SunSirs

　　Product name: Urea

　　Latest price (July 27th): 2,545.71 RMB/ton

　　Analysis review

　　On July 27th, the comprehensive price of urea in China slightly increased, increasing by 80.71 RMB/ton or 3.27% compared to July 26th, with a year-on-year increase of 4.76%. The price of upstream Yangquan Anthracite (washing, medium, block) was about 1,010 RMB/ton, rising slightly, with good cost support. International urea prices had risen, and India had released a new round of bidding information, driving up domestic urea prices. At the same time, agricultural demand was good, while industrial procurement was mainly on demand. Urea supply was sufficient, and manufacturers issued orders smoothly.

　　Market outlook

　　In the future, it is expected that the domestic urea market price may fluctuate upward slightly, with an average market price of around 2,600 RMB/ton.

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