This is the latest urea market trend shared by Huafu Chemicals Taike, so that we can have a clearer understanding of the market situation of melamine powder.
In November, the price of urea in the domestic mainstream market fluctuated and rose: the price of urea rose from 2,530.00 yuan/ton at the beginning of the month to 2,586.67 yuan/ton (about 362.2 US dollars/ton) at the end of the month, an increase of 2.24%. The price at the end of the month fell 7.55% year-on-year.
Cost side: Upstream market surges
The price of liquefied natural gas rose sharply in November. The price rose from 5,140.00 yuan/ton at the beginning of the month to 5,686.00 yuan/ton at the end of the month, an increase of 10.62%. Overall, the upstream urea market has seen mixed ups and downs, with average cost support.
Demand side: Melamine prices rise slightly
From the demand side: agricultural demand is weakening, industrial demand is average, and urea exports are not good for the time being.
The price of melamine increased slightly in November, from 7175.00 yuan/ton at the beginning of the month to 7325.00 yuan/ton at the end of the month, an increase of 2.09%. From the supply side: Maintenance companies have begun to resume production and repairs. The daily production of urea is around 180,000 tons, and the supply is sufficient.
Market Outlook
The urea market may fluctuate slightly and fall mainly in mid-to-early December. The prices of anthracite and liquefied natural gas fluctuated, and cost support was average. The daily production of urea is about 180,000 tons, and the supply is sufficient. Agricultural demand weakened, and industrial demand dominated. Urea may fluctuate slightly in the market outlook.
