On December 12, the national urea market sentiment improved, and trading volume increased significantly compared with the previous period.
On the supply side, upstream factories still have the support of dropshipping, and their willingness to raise prices is still strong. After a price reduction today, a factory in North China received orders well, which led to a pickup in the transaction atmosphere. The current mainstream ex-factory price for small and medium-sized urea in factories in Shandong and Henan is 2,380-2,430 yuan/ton. The shutdown of Qitou enterprises has been slightly delayed, and the national daily output is about to decline, but it is still much higher than the same period in previous years. In terms of demand, although shipments have been hampered by rain and snow in recent days, the operating rate of downstream compound fertilizer companies is still steadily increasing. However, they are still mainly purchasing for rigid needs, and they are used as needed, without large-scale stocking. As rain and snow weather return in the next few days, we still need to pay attention to the shipping situation. It is expected that the short-term market will be mainly volatile and strong, and the futures market and demand release need to be focused on.