Urea: short-term supply and demand are both weak, and the market is falling

Golden Ten Futures, June 13, June 12, the daily output of urea industry 180,900 tons. Enterprise inventories have accumulated, the daily output of urea has rebounded, and the pressure on urea supply has become prominent, which has a negative impact on the urea market. On the demand side, the urea market has gradually weakened. In terms of agricultural demand, starting from the Northeast region and extending to the end of July, there is demand for top dressing for corn and other field crops, but the demand is not concentrated, and there is a partial regional stage market support for the urea market. In terms of industrial demand, with the end of summer demand, the operating load of compound fertilizer enterprises has decreased, and the procurement of urea by compound fertilizer plants has also decreased. The supply pressure increases, the demand side support is weak, and the market sentiment is pessimistic. The short-term market trading atmosphere is weak, new orders are less traded, and the market lacks good news to boost. It is expected that the short-term urea market will be weak and fluctuating. It is still necessary to operate cautiously in the future, and pay close attention to the business transaction situation and policy impact.