China Urea Price is temporarily stable on April 20

Time: Apr 22, 2022

In order to help customers better grasp the market trend of melamine powder, today Huafu Chemicals has sorted out the latest market conditions of urea( the raw material of melamine).

urea market price

The latest price of Urea: 2939.00 yuan/ton (454 US dollars/ton)

On April 20, the domestic comprehensive price of urea was temporarily stable, which was the same as the price on April 18, and increased by 37.34% compared with the same period last year.

The prices of upstream coal and liquefied natural gas fell slightly, and the cost support was general.

1. From the demand side

Agricultural demand weakened and industrial demand was normal. The spring ploughing has entered the end, and the downstream is sporadically supplemented with fertilizer. At present, the delivery of urea in some areas has been blocked, and the freight has risen sharply. The transportation situation will improve in the later period. Compound fertilizer plants, sheet metal plants, and melamine plants have relatively high operating loads and follow up on dips.

2. From the supply side

The daily output of urea returned to more than 160,000 tons. The policy of ensuring supply and price stability remains unchanged. Overall, the cost of urea is generally supported, the downstream demand is weakened, the supply of urea is high, and the transportation is limited.

In the future, it is expected that the ex-factory price of urea in Shandong may fluctuate slightly.

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