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Urea price stayed at high level in September Comefrom:OILCHEM    AddDate:2021-09-30    Hit:1583

The domestic urea market in September is expected to be significantly better than that in August due to the planned overhaul of urea enterprises, agricultural demand of autumn fertilizer market and industrial gold nine silver ten. And the actual market in September, is also a considerable performance, but this considerable degree is significantly higher than the industry's expectations. Taking the ex-factory price of mainstream manufacturers as an example, the price in Shandong was 2,430 yuan/ton at the beginning of the month and 2,800 yuan/ton at the end of the month, up 15.23%; In Henan, increase was 11.79%; Inner Mongolia's increase was 19.47%, based on the level of the end of the month, basically close to, and some were even higher than the year's highest level.

Despite lackluster demand during the month, the market continued to move sharply higher throughout September on strong support from other parties and was again near or above its highest levels for the year. In October, these good news still continue, and printed label prices fall to the ground in the early, so before export without a clear message, possibility of domestic prices hitting a record high is still large, but in the middle for some good early release, or the short-term rebound supply, market may appear volatility, so the focus of October is the development of the supply and export.