尿素数据日报-20250814

Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The domestic urea market maintains a stable and slightly stronger trend, with enterprise quotes increasing slightly by 10 - 30 yuan/ton. Although the new order trading atmosphere has weakened and downstream procurement has become more cautious, most enterprises have controllable inventory pressure supported by pending orders, and short - term quotes remain firm. Market sentiment is significantly boosted by the macro - level, but the actual demand follow - up will be the key factor determining the sustainability of the market. Overall, the urea market is viewed as oscillating, with positives mainly from the macro and cost sides and negatives from weak domestic demand [1] 3. Summary by Relevant Catalogs Cost - The prices of coking coal, anthracite small pieces, and natural gas remained unchanged at 470 yuan, 890 yuan, and 4050 yuan respectively on August 13, 2025, compared to the previous day [1] Price - Domestic urea prices in different regions showed mixed trends on August 13, 2025. Prices in Shandong increased by 20 yuan to 1730 yuan, while prices in Shanxi decreased by 10 yuan to 1620 yuan. International prices such as China FOB, Middle East FOB, Southeast Asia CFR, and Brazil CFR remained unchanged [1] Inventory - Factory inventory, port inventory, and downstream sample inventory all remained unchanged at 88.76, 48.30, and 1700 respectively on August 13, 2025, compared to the previous day [1] Supply - The 5 - day production, overall urea production start - up rate, coal - based start - up rate, and gas - based start - up rate remained unchanged on August 13, 2025, compared to the previous day. The gas - based start - up rate decreased by 0.00 [1] Demand - Indicators such as pending orders, compound fertilizer start - up rate, melamine start - up rate, and formaldehyde start - up rate all remained unchanged on August 13, 2025, compared to the previous day [1] Profit - Profits from fixed - bed, coal - water slurry, and some other production methods remained unchanged on August 13, 2025, compared to the previous day. The profit from natural gas, liquid ammonia decreased by 60 yuan [1] Associated Products - The prices of compound fertilizer and melamine remained unchanged at 2500 yuan and 5180 yuan respectively on August 13, 2025, compared to the previous day. The price of methanol increased by 5 yuan to 2255 yuan [1] Futures - The settlement price of urea futures increased by 2 yuan to 1728 yuan on August 13, 2025, compared to the previous day. The basis increased by 11 yuan to 14 yuan. The trading volume decreased by 9600 to 81594, and the open interest decreased by 16902 to 74908. The warehouse receipt volume remained unchanged [1]