Group 1 - The main urea futures contract slightly decreased by 1.22%, closing at 1625.00 CNY/ton on November 12 [1] - As of December 11, the number of urea futures warehouse receipts recorded was 11,652, an increase of 424 from the previous trading day; over the past week, the total increase was 2,299 receipts, representing a growth of 24.58%; in the last month, the total increase was 4,840 receipts, with a growth rate of 71.05% [2] - The production capacity utilization rates for urea in China as of the 49th week of 2025 were 89.61% for coal-based urea (up 2.91% month-on-month) and 55.23% for gas-based urea (down 9.89% month-on-month) [2] Group 2 - According to Galaxy Futures, domestic demand remains stable with rigid agricultural needs; the operating rate of compound fertilizer plants has increased, but high prices are being resisted by downstream buyers, leading to a weak market outlook for urea in the short term [4] - Everbright Futures noted that the current urea market lacks driving forces, with short-term sentiment relatively weak; attention should be paid to daily production changes, spot transaction rhythms, and export policy dynamics [4] - The main delivery area prices for urea are around 1650-1680 CNY/ton, with some manufacturers significantly reducing prices to 1620 CNY/ton due to weak demand in high-price regions [4]
尿素市场驱动不足 短期内预计弱势运行为主
Jin Tou Wang·2025-12-12 08:05