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Home > News > Food Industry News > Manufacturers' inventory pressure is low, urea prices continue to fall

Manufacturers' inventory pressure is low, urea prices continue to fall

ECHEMI 2020-04-02

In view of the plunge in international crude oil prices, the demand of urea downstream industrial power plants and plywood plants will not be released intensively, and agricultural demand will have a time limit. Although the volume of goods received by industrial compound fertilizer enterprises should be large, comprehensive consideration of the purchasing power of the grassroots, comprehensive fertilizer companies will not rush to start a large number of summer fertilizer production soon. The daily output of urea is more than 160,000 tons, so that the urea market will not be out of stock for a longer period of time. It is expected that the price of urea will not touch the market. The bottom rebound can only be said to be a stalemate in the slow decline process. If the increase can exceed 50-80 yuan, it should be a blessing, and there is no need to expect too much.

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