It can be seen from the above figure that the mainstream market price of urea in China rose first and then fell this month: the urea price first rose from 3046.00 yuan / ton on May 1 to 3275.00 yuan / ton on May 14, an increase of 7.52%, and then fell to 3201.00 yuan / ton on May 30, a decrease of 2.26%. In May, the overall urea price rose by 5.09%, 36.02% year-on-year compared with the same period last year, and there was a downward trend at the end of the month.

On May 29, the urea commodity index was 149.77, the same as yesterday, down 1.68% from 152.33, the highest point in the cycle (May 15, 2022), and up 169.37% from 55.60, the lowest point on August 17, 2016. (Note: the period refers to the period from September 1, 2011 to now)

In May, urea prices rose slightly, with the highest increase of 4.10% in a single week.

The upstream support is weakened, the downstream demand is good, and the urea price rises

From the upstream and downstream industrial chain data, the upstream products of urea fell slightly this month as a whole: the price of liquefied natural gas fell slightly, from 7208.00 yuan / ton at the beginning of the month to 6688.00 yuan / ton at the end of the month, a decrease of 7.21%, an increase of 91.45% year-on-year compared with the same period last year. High coal price consolidation. The price of melamine in the downstream of urea fell slightly this month, from 10166.67 yuan / ton at the beginning of the month to 10025.00 yuan / ton at the end of the month, a decrease of 1.39%.

In terms of demand, agricultural demand follows up on demand, while industrial demand is dominated by rigid demand. The wheat harvest is coming in the north, the agricultural demand is weakening, and some areas in the northeast and South purchase on demand. The wait-and-see atmosphere of compound fertilizer and rubber plate factories towards high priced urea is becoming stronger, the procurement slows down, the price of melamine drops slightly, and the enthusiasm for urea procurement is weakened. From the perspective of supply, the daily output of urea is about 150000-160000 tons, with a slight decline, and the urea inventory is at a low level.

The upstream support weakened, the downstream demand was general, and urea fell in a narrow range

In the middle and first ten days of June, the urea market fell slightly, mainly due to consolidation. Recently, the upstream cost support of urea has weakened, the downstream demand is general, the just demand is the main factor, the urea supply has declined, the fertilizer supply is mainly stable, and the urea will fluctuate slightly in the future.