            Last week (September 18 – September 22), urea market by raw material prices, lower start level and international urea prices support, prices continue to rise. September 25 China’s urea wholesale price index (CNPI) was 1682.74 points, up 17.79 points, or 1.07%; up 369.89 points, or 28.17%; lower than the base period of 180.51 points, down 9.69%. China’s urea retail price index (CNRI) was 1783.11 points, up 21.01 points, or 1.19%; up 401.12 points, or 29.02%; compared with the base period fell 121.85 points, down 6.40%.
            Supply situation: last week the domestic urea business operating rate is still at a low level, the overall maintained at 54%, of which the start-up rate of gas business remained at 55%. Synthetic ammonia, the supply tight, prices continue to rise. Coal, the anthracite market continues to run high, tight supply, coal up 50 yuan / ton.
           Demand: limited demand for industry and agriculture, the market to the main stock of dealers, procurement prudence, and weak grassroots demand. Export, India IPL on September 16 again issued a tender, plans to buy 500,000 tons of urea, boost the domestic market, companies are willing to be very strong.
           International market: Last week, the international urea market to maintain a strong upward trend of running, prices rose, most areas of urea prices are 20-30 US dollars / ton rise, the current international urea prices have reached the highest since 2015; mainly due to market supply Limited, while India, Brazil, Turkey and Europe and other demand countries have entered the demand season. Last week, the Baltic small particles of urea FOB rose 22-23 US dollars / ton, 240-245 US dollars / ton; black sea small grain urea prices rose 17-23 US dollars / ton, 240-248 US dollars / Ton; China’s small particles of urea FOB rose 20-22 US dollars last week / ton, 260-265 US dollars / ton.
           Domestic situation: Last week, the domestic urea prices in various regions around the overall increase in the main ring. Among them, the wholesale and retail prices of urea in Beijing, Shanghai, Jiangsu, Anhui, Jiangxi, Fujian, Shandong, Henan, Guangdong, Hainan, Sichuan, Yunnan, Shaanxi, Gansu and other provinces and cities increased by 5-100 yuan / ton; Shanxi, Hubei , Xinjiang and other provinces and cities prices fell 10-25 yuan / ton; the rest of the region prices steady.
           The current domestic urea market demand is weak, but the international market demand, the late international prices or will still be strong; at the same time enterprises at a low level, the company carefully shipped; coal prices continue to support the cost of urea, the late coal prices or will continue to rise. It is expected that the urea market will be affected by multiple factors in the short term, and the price will continue to be strong and the possibility of rising is not high.