At present, China's domestic automotive urea market less demand for agriculture, weak industrial demand
Automotive urea market by supply cuts, high prices of raw materials and international automotive urea prices and other factors, the price continued to rise. On October 2, the Chinese car urea wholesale price index (CNPI) was 1730.14 points, up by 47.40 points or 2.82% compared with the previous month. It rose 415.93 points or 31.65% from a year earlier and dropped 133.11 points or 7.14% from the base period. China Automotive Urea Retail Price Index (CNRI) was 1817.77 points, up 34.66 points month-on-month, or 1.94%; up 402.29 points over the same period, up 28.42%; 87.19 points over the base period of website development, a decrease of 4.58 %; Supply situation: The recent domestic auto urea business operating rate remained low, car urea head and gas companies operating rates remained at about 55%, and during the National Day holiday enterprises, further reduction of supply. In terms of ammonia, prices continued to soar as the supply in the north tightened. Coal, the anthracite coal market ended the price rise, mainly to hold high, some small mines affected by the reduction in demand prices have loosened.
Demand situation: In agriculture, the demand for winter wheat began to emerge in parts of northern China. In the industrial sector, the stocks of pre-consumer compound fertilizer plants are mainly in the near future, while the demand for automotive urea is still weak. Exports, India's IPL round of buying a total of 590,000 tons of vehicle urea, because the price was up 40 US dollars / ton, China once again become an important source of goods, China has 250,000 tons of goods. India's RCF will be proposed in the near future bidding, October 14 opening.
International Market: The recent international auto urea market by the impact of India's bidding prices rose sharply, the price reached its highest level since 2015, the price after the bidding rational decline. Last week, the Baltic Sea small particles car urea fob prices rose 7-8 US dollars / ton compared with two weeks ago, for 240-245 US dollars / ton; Black Sea small particles car urea prices rose 7-10 US dollars / ton previous week, 250-255 US dollars / ton; China's small car urea urea prices last week rose 5 US dollars / ton, 265-270 US dollars / ton.
Domestic situation: Last week, domestic auto urea prices in all regions than the overall rise in the main. Among them, the wholesale and retail of urea for motor vehicles in Beijing, Liaoning, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Henan, Hubei, Hunan, Guangdong, Guangxi, Chongqing, Sichuan, Guizhou, Shaanxi, Gansu, Qinghai and Xinjiang provinces Prices rose 4-100 yuan / ton; the rest of the region prices steady.
At present, the demand for agricultural urea in the automotive market is relatively low while the demand for industrial products is weak. However, the demand in the international market is flourishing, and the international prices in the latter part of the market will remain strong. Meanwhile, the cost of the enterprise is high and the construction is started at a relatively low level. In the short term, it is expected that the automotive urea market will be affected by various factors in the near future. The price will continue to be firm and it is necessary to pay attention to the situation of bidding and environmental protection policies in India.
