The main contract of urea futures rose 1% on April 25.Crazystarcasinonodepositbonus.71%Crazystarcasinonodepositbonus, reported at 2085Crazystarcasinonodepositbonus.00 yuan per ton. The utilization rate of capacity is 83%, with a daily output of 180000 tons per day, and multiple units are planned to be restored. The demand of traders and compound fertilizer increased, with total inventory of 523600 tons, down 3.13% from the previous month. China Investment Anxin futures are expected to have a good short-term supply and strong price volatility.
[urea futures main contract continued strong shock, up 1.71%] the domestic futures market main contract performance on April 25 mixed. Urea futures showed a strong performance, with the main contract of the day at 2085.00 yuan, up 1.71%. On the supply side, capacity utilization remained at around 83 per cent, and Nissan increased to 180000 tons per day. Fukushima gadgets and Xinlianxin No. 4 plant are scheduled to resume production today, while Sichuan Jiuyuan and Salt Lake are also expected to resume later this week. On the demand side, the demand of traders and compound fertilizer showed an increasing trend, the enthusiasm of starting compound fertilizer increased, and inventory began to show a downward trend. According to data provided by Galaxy Futures, as of April 24, 2024, the total inventory of Chinese urea enterprises was 523600 tons, down from last week.Crazystarcasinonodepositbonus16900 tons, a month-on-month decrease of 3.13%. Although urea stocks continue to decline, the decline has narrowed. Looking forward to the trend of the urea market, China Investment Anxin Futures Analysis believes that the positive factors on the supply side may persist in the short term. At the same time, affected by the phased promotion of agricultural demand, urea prices are expected to continue to show a strong shock trend.
