Report Summary 1. Report's Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core Viewpoints - The resumption of previously overhauled units has driven up domestic urea production. This week, 2 enterprises are expected to stop production, and 3 - 5 enterprises that stopped production may resume. Considering short - term enterprise failures, the change in production is expected to be limited [2]. - Recently, the procurement of Northeast reserve demand has been concentrated, but the procurement volume may slow down after the previous appropriate replenishment. The operating rate of compound fertilizers has slightly increased, and enterprises are gradually arranging production of winter - storage fertilizers. It is expected that the utilization rate of compound fertilizer production capacity will increase slightly in the short term [2]. - With the implementation of a new batch of quotas, export demand is gradually increasing. Last week, the inventory of urea enterprises decreased, and the Northeast reserve demand increased significantly, leading to obvious inventory reduction in some enterprises. The prices of urea enterprises in major production and sales areas have fluctuated differently, and although the prices have risen in some regions, the inventory reduction is limited. Recently, the advance orders of some urea enterprises have increased, and they are mainly focused on active sales. The inventory of urea enterprises may continue to decline [2]. - The UR2601 contract is expected to fluctuate in the range of 1630 - 1670 in the short term [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of Zhengzhou urea's main contract is 1638 yuan/ton, a decrease of 16 yuan compared with the previous period. The 1 - 5 spread of Zhengzhou urea is - 73 yuan/ton, an increase of 1 yuan [2]. - The trading volume of Zhengzhou urea's main contract is 232315 lots, a decrease of 10931 lots compared with the previous period. The net position of the top 20 in Zhengzhou urea is - 23589 lots, an increase of 7570 lots [2]. - The number of exchange warehouse receipts for Zhengzhou urea is 7570, an increase of 387 compared with the previous period [2]. 3.2 Spot Market - The spot price in Hebei is 1650 yuan/ton, unchanged from the previous period; in Henan, it is 1650 yuan/ton, an increase of 20 yuan; in Jiangsu, it is 1640 yuan/ton, an increase of 20 yuan; in Shandong, it is 1640 yuan/ton, a decrease of 10 yuan; in Anhui, it is 1640 yuan/ton, an increase of 10 yuan [2]. - The basis of Zhengzhou urea's main contract is 2 yuan/ton, an increase of 6 yuan compared with the previous period. The FOB price in the Baltic Sea is 362.5 US dollars/ton, a decrease of 5 US dollars; the FOB price at the main Chinese port is 400 US dollars/ton, unchanged from the previous period [2]. 3.3 Industry Situation - The port inventory is 100,000 tons, an increase of 18,000 tons compared with the previous period. The enterprise inventory is 1.4372 million tons, a decrease of 46,400 tons [2]. - The operating rate of urea enterprises is 83.91%, a decrease of 0.17 percentage points. The daily urea output is 202,900 tons, an increase of 6,200 tons [2]. - The urea export volume is 1.2 million tons, a decrease of 170,000 tons. The monthly output of urea is 5.87127 million tons, an increase of 132,600 tons [2]. 3.4 Downstream Situation - The operating rate of compound fertilizers is 34.61%, an increase of 4.29 percentage points. The operating rate of melamine is 62.2%, an increase of 4.72 percentage points [2]. - The weekly profit of compound fertilizers in China is 30 yuan/ton, a decrease of 25 yuan. The weekly profit of melamine with externally - purchased urea is 70 yuan/ton, a decrease of 63 yuan [2]. - The monthly output of compound fertilizers is 3.6287 million tons, a decrease of 1.0331 million tons. The weekly output of melamine is 32,000 tons, an increase of 2,800 tons [2]. 3.5 Industry News - As of November 19, the total inventory of Chinese urea enterprises was 1.4372 million tons, a decrease of 46,400 tons compared with the previous week, a year - on - year decrease of 3.13%. During this period, the urea price fluctuated upward, the reserve demand in the Northeast increased significantly, and some enterprises significantly reduced their inventory [2]. - As of November 20, the sample inventory of Chinese urea ports was 100,000 tons, an increase of 18,000 tons compared with the previous period, a year - on - year increase of 21.95%. Although there are expectations of continuous container collection, the shipment is relatively slow, and the port inventory mainly shows a small increase. Most port inventories are at a low level, and the overall port level does not fluctuate much [2]. - As of November 20, the output of Chinese urea production enterprises was 1.4204 million tons, an increase of 43,500 tons compared with the previous period, a year - on - year increase of 3.16%. The capacity utilization rate of Chinese urea production enterprises was 83.91%, a decrease of 0.17 percentage points compared with the previous period, showing a slight downward trend. During the cycle, 3 new enterprises' units stopped production, 1 stopped - production unit resumed production, and with the continuation of the unit changes in the previous cycle, the output increased significantly this week [2]. 3.6 Suggested Attention - Pay attention to the enterprise inventory, port inventory, daily output, and operating rate data from Longzhong on Thursday [2].

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - With the weather clearing up, agricultural demand has increased moderately, but due to excessive rain previously, autumn sowing has been postponed, and agricultural replenishment is scattered. Industrial demand is lukewarm. Some previously shut - down plants in Shandong, Jiangsu, and Anhui have resumed production, increasing overall capacity utilization, but small and medium - sized enterprises in Henan and Hebei are still operating at a low level and actively digesting inventory. In the short term, the capacity utilization rate of compound fertilizer plants may increase slightly. Some previously suppressed demand has been released recently, and some reserve demand has followed up, helping urea factories increase new orders and shipments. This week, urea enterprise inventories have decreased. With many industry meetings recently, market sentiment is cautious. With downstream reserve demand following up, urea enterprise inventories are expected to fluctuate little. The UR2601 contract is expected to fluctuate in the range of 1620 - 1660 in the short term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the Zhengzhou urea main contract is 1644 yuan/ton, up 9 yuan/ton; the 1 - 5 spread is - 73 yuan/ton, up 1948 yuan/ton. The main contract's open interest is 270349 lots, down 2652 lots; the net position of the top 20 is - 34609 lots. The exchange warehouse receipts are 0, down 2970 [2] 3.2 Spot Market - In the domestic spot market, the price in Hebei is 1630 yuan/ton, unchanged; in Henan is 1590 yuan/ton, unchanged; in Jiangsu is 1600 yuan/ton, down 10 yuan/ton; in Shandong is 1610 yuan/ton, unchanged; in Anhui is 1590 yuan/ton, unchanged. The basis of the Zhengzhou urea main contract is - 25 yuan/ton, up 5 yuan/ton. FOB Baltic is 348.5 dollars/ton, unchanged; FOB China main port is 375 dollars/ton, unchanged [2] 3.3 Industry Situation - Port inventory is 210,000 tons, down 236,000 tons; enterprise inventory is 1.6302 million tons, up 14,800 tons. The urea enterprise operating rate is 78.03%, down 2.61 percentage points; the daily urea output is 182,600 tons, down 6000 tons. Urea exports are 1.37 million tons, up 570,000 tons; the monthly output is 5,738,670 tons, down 190,010 tons [2] 3.4 Downstream Situation - The compound fertilizer operating rate is 27.71%, up 3.53 percentage points; the melamine operating rate is 48.3%, down 6.88 percentage points. The weekly profit of compound fertilizer is 153 yuan/ton, down 14 yuan/ton; the weekly profit of melamine with externally - purchased urea is 220 yuan/ton, down 8 yuan/ton. The monthly output of compound fertilizer is 4.6618 million tons, down 651,500 tons; the weekly output of melamine is 24,100 tons, down 3300 tons [2] 3.5 Industry News - As of October 29, the total inventory of Chinese urea enterprises is 1.5543 million tons, down 75,900 tons from last week, a 4.66% decrease. This period sees a shift from an increase to a decrease in enterprise inventory. As of October 23, the port sample inventory is 210,000 tons, down 236,000 tons, a 52.91% decrease. Port goods are leaving faster. Some domestic urea plants have newly shut down, and production has slightly decreased. This week, no enterprise plans to shut down, and 4 - 5 shut - down plants may resume production. As of October 23, the output of Chinese urea producers is 1.2779 million tons, down 42,600 tons from the previous period, a 3.23% decrease; the capacity utilization rate is 78.03%, down 2.61 percentage points, continuing to decline [2]

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - Recently, the shipment of urea enterprises has improved slightly, but most of them only maintain a weak balance between production and sales. With some devices shut down for maintenance, the rising trend of enterprise inventory has slowed down, and the domestic urea enterprise inventory only increased slightly last week. However, according to the progress of agriculture, the duration of future demand is limited, and the inventory may still show an increasing trend. The UR2601 contract is expected to fluctuate in the range of 1,600 - 1,660 yuan in the short term [2]. 3. Summary According to Related Catalogs 3.1 Futures Market - The closing price of the Zhengzhou urea main contract is 1,635 yuan/ton, a decrease of 5 yuan; the 1 - 5 spread is -73 yuan/ton, unchanged; the main contract position is 273,001 lots, a decrease of 8,953 lots; the net position of the top 20 is -32,661; the exchange warehouse receipt is 2,970 sheets, a decrease of 2,318 sheets [2]. 3.2 Spot Market - The spot prices in Hebei, Henan, Jiangsu, Shandong, and Anhui are 1,630 yuan/ton (up 30 yuan), 1,590 yuan/ton (up 20 yuan), 1,610 yuan/ton (up 40 yuan), 1,610 yuan/ton (unchanged), and 1,590 yuan/ton (up 20 yuan) respectively. The basis of the Zhengzhou urea main contract is -25 yuan/ton, an increase of 5 yuan. The FOB prices in the Baltic and Chinese main ports are 348.5 US dollars/ton and 375 US dollars/ton respectively, both unchanged [2]. 3.3 Industry Situation - The port inventory is 210,000 tons, a decrease of 236,000 tons; the enterprise inventory is 1.6302 million tons, an increase of 14,800 tons. The urea enterprise operating rate is 78.03%, a decrease of 2.61 percentage points; the daily output is 182,600 tons, a decrease of 6,000 tons. The urea export volume is 1.37 million tons, an increase of 570,000 tons; the monthly output is 5,738,670 tons, a decrease of 190,010 tons [2]. 3.4 Downstream Situation - The compound fertilizer operating rate is 27.71%, an increase of 3.53 percentage points; the melamine operating rate is 48.3%, a decrease of 6.88 percentage points. The weekly profit of compound fertilizer is 153 yuan/ton, a decrease of 14 yuan; the weekly profit of melamine with externally - purchased urea is 220 yuan/ton, a decrease of 8 yuan. The monthly output of compound fertilizer is 4.6618 million tons, a decrease of 651,500 tons; the weekly output of melamine is 24,100 tons, a decrease of 3,300 tons [2]. 3.5 Industry News - As of October 22, the total inventory of Chinese urea enterprises was 1.6302 million tons, a week - on - week increase of 0.92%. As of October 23, the sample inventory of Chinese urea ports was 210,000 tons, a week - on - week decrease of 52.91%. As of October 23, the output of Chinese urea production enterprises was 1.2779 million tons, a week - on - week decrease of 3.23%; the capacity utilization rate was 78.03%, a week - on - week decrease of 2.61% [2]. 3.6 Suggested Attention - Pay attention to the enterprise inventory, port inventory, daily output, and operating rate data from Longzhong on Thursday [2]

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Views of the Report - The fundamental valuation of urea is low. Without further adjustments to export policies, urea will continue to accumulate inventory in the fourth quarter. The short - term internal drive of the industry is weak, and both compound fertilizer and industrial demand are sluggish, so the medium - term trend is weak. The production cost of gas - based enterprises cannot effectively support the price at present. Attention should be paid to whether there will be new export quotas. Macro factors also need to be monitored [2]. - Urea is expected to fluctuate weakly. The operating range of UR2601 is 1550 - 1750. It is recommended to short at prices above 1750 and conduct reverse arbitrage for the 1 - 5 spread when it is above - 10 [12]. Group 3: Summary by Directory Chapter 1: Core Contradictions and Strategy Recommendations 1.1 Core Contradictions - Urea's fundamental valuation is low. In the absence of export policy adjustments, it will accumulate inventory in Q4. Industry internal drive is weak, and demand from compound fertilizer and industry is sluggish, leading to a weak medium - term trend. Gas - based production costs can't support prices. New export quotas and macro factors should be watched [2]. - For the near - term, although new delivery warehouses are added, the cheapest deliverable locations are still Henan and Shandong. With the disappearance of export expectations for the 01 contract, a reverse arbitrage for the 1 - 5 spread is appropriate. The 01 contract still has a premium due to autumn fertilizer expectations [5]. - For the long - term, domestic daily urea production fluctuated between 19.5 - 20.1 million tons around holidays, then dropped to around 19.5 million tons. Inventory increased after the holiday, and demand, especially agricultural demand, is weak [10][20]. 1.2 Trading Strategy Recommendations - **Trend Judgement**: Urea will fluctuate weakly. The price range of UR2601 is 1550 - 1750. Short at prices above 1750 and conduct reverse arbitrage for the 1 - 5 spread when it is above - 10 [12]. - **Basis, Spread and Hedging Arbitrage Strategies**: For basis strategies, contracts 11, 12, 01 have a weak unilateral trend, and attention should be paid to when pre - holiday price cuts for order collection increase. Contracts 02, 03, 04, 05 are strong due to peak - season demand expectations. For spread strategies, the upper pressure on the 01 contract is 1710 - 1720 yuan/ton, and the static support is 1550 - 1620 yuan/ton. It is recommended to short the 01 contract at high prices and conduct reverse arbitrage for the 1 - 5 spread. No hedging arbitrage strategy is recommended [13][14]. Chapter 2: This Week's Important Information and Next Week's Events to Watch 2.1 This Week's Important Information - **Positive Information**: India announced a new round of urea import tenders on October 1st, with the opening on October 15th and the latest shipping date on December 10th. The fourth quarter is the winter storage period for the fertilizer industry, and low prices may attract spontaneous reserves [16]. - **Negative Information**: Urea daily production has been above 19 million tons this year, and inventory pressure is high. Market confidence is lacking due to falling prices, and downstream procurement enthusiasm is low [17][18]. 2.2 Next Week's Important Events to Watch - On October 19th, Vice - Premier He Lifeng of the State Council agreed with the US to hold a new round of Sino - US economic and trade consultations as soon as possible. The Fourth Plenary Session of the 20th Central Committee will be held next week, and it is an important time - point for the "15th Five - Year Plan" [19]. Chapter 3: Market Analysis 3.1 Price, Volume and Capital Analysis - Domestic daily urea production fluctuated around 19.5 - 20.1 million tons around holidays and then dropped to around 19.5 million tons. Inventory increased after the holiday, and demand is weak. Agricultural demand in Shandong and Henan is postponed due to rain, and compound fertilizer factories have large - scale shutdowns. The impact of previous Indian tenders and export speculation has weakened, and downstream procurement willingness is low [20]. - The weak domestic demand is the main contradiction. It is expected that export growth cannot offset the weakening domestic demand, and the medium - term trend is under pressure. The 1 - 5 spread of urea is in a reverse arbitrage pattern [21]. 3.2 Industry Hedging Recommendations - **Price Range Forecast**: The price range of urea is 1650 - 1950, with a current 20 - day rolling volatility of 27.16% and a 3 - year historical percentile of 62.1% [28]. - **Hedging Strategies**: For inventory management, when product inventory is high, short urea futures, buy put options, and sell call options. For procurement management, when inventory is low, buy urea futures, sell put options [28]. Chapter 4: Valuation and Profit Analysis 4.1 Upstream Profit Tracking - The report presents the seasonal data of urea's production costs (fixed - bed, natural - gas, water - coal - slurry gasification) and production profits (water - coal - slurry gasification, fixed - bed) [31][34][36]. 4.2 Upstream Capacity Utilization Tracking - The report shows the seasonal data of urea's daily production, weekly capacity utilization, and capacity utilization of different production methods (coal - based, natural - gas) [40][42]. 4.3 Upstream Inventory Tracking - The report provides the seasonal data of China's urea enterprise inventory, port inventory, Guangdong and Guangxi inventory, and total inventory (port + inland) [44][46][48]. 4.4 Downstream Price and Profit Tracking - The report presents the seasonal data of compound fertilizer's capacity utilization, inventory, production cost, and production profit, as well as the data of melamine's production profit, capacity utilization, and market price in different regions [50][52][56]. 4.5 Spot Sales and Production Tracking - The report shows the seasonal data of urea's average sales and production, and sales and production in different regions (Shandong, Henan, Shanxi, Hebei, East China) [74][76].

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收盘价(日,元/吨) | 1714 | -28 郑州尿素9-1价差(日,元/吨) | -22 | 6 | | | 郑州尿素主力合约持仓量(日,手) | 141557 | -5600 郑州尿素前20名净持仓 | -18779 | 3449 | | | 郑州尿素交易所仓单(日,张) | 3233 | 333 | | | | 现货市场 | 河北(日,元/吨) | 1750 | 0 河南(日,元/吨) | 1780 | 10 | | | 江苏(日,元/吨) | 1790 | 0 山东(日,元/吨) | 1770 | 0 | | | 安徽(日,元/吨) | 1790 | 0 郑州尿素主力合约基差(日,元/吨) | 56 | 28 | | | FOB波罗的海(日,美元/吨) | 430 | 0 FOB中国主港(日,美元/吨) | 425 | 0 | | 产业情况 | 港口库存(周,万吨) | 54.3 | 0.2 企业库存(周,万吨 ...

交易。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收盘价(日,元/吨) | 1737 | -2 郑州尿素9-1价差(日,元/吨) | 38 | -3 -1185 | | | 郑州尿素主力合约持仓量(日,手) | 222192 | -1691 郑州尿素前20名净持仓 | -22466 | | | | 郑州尿素交易所仓单(日,张) | 500 | 0 | | | | 现货市场 | 河北(日,元/吨) | 1780 | -10 河南(日,元/吨) | 178 ...

Report Industry Investment Rating - No information provided Core Viewpoints - Short - term enterprise malfunctions are expected to have little impact on production. Agricultural demand is currently lukewarm, with agricultural top - dressing and fertilizer preparation to continue next week. Domestic industrial demand has weakened, and the operating rate of domestic compound fertilizer enterprises continues to decline. Enterprises are promoting autumn pre - sales, and raw material prices are stabilizing. It is expected that some enterprises with planned maintenance will resume production, but overall, there are still more maintenance activities, and the capacity utilization rate will remain low. Recently, urea has continued to be shipped to ports, which has accelerated the sales of some urea enterprises. This week, domestic urea enterprise inventories have continued to decline, but overall inventory reduction is limited. The UR2509 contract is recommended to be traded in the range of 1700 - 1750 yuan/ton [2] Summary by Relevant Catalogs Futures Market - The closing price of the Zhengzhou urea main contract is 1724 yuan/ton, down 16 yuan; the 9 - 1 spread is 42 yuan/ton, down 1 yuan. The main contract's open interest is 233,314 lots, down 21,922 lots; the net position of the top 20 is - 5183, down 9688. The exchange warehouse receipts are 500 lots, an increase of 500 lots [2] Spot Market - In the domestic spot market, prices in Hebei are 1790 yuan/ton (unchanged), in Henan 1770 yuan/ton (up 10 yuan), in Jiangsu 1780 yuan/ton (up 10 yuan), in Shandong 1800 yuan/ton (up 40 yuan), and in Anhui 1800 yuan/ton (up 10 yuan). The main contract basis is 76 yuan/ton, up 56 yuan. FOB prices in the Baltic are 375 dollars/ton (unchanged), and in the Chinese main port are 372.5 dollars/ton (unchanged) [2] Industry Situation - Port inventory is 29.5 million tons (up 5 million tons), and enterprise inventory is 109.59 million tons (down 4.01 million tons). The urea enterprise operating rate is 88.28% (up 0.48%), and the daily output is 204,400 tons (up 2500 tons). Urea export volume is 0 (unchanged), and the monthly output is 6,293,230 tons (up 448,150 tons) [2] Downstream Situation - The compound fertilizer operating rate is 31.82% (down 1.99%), and the melamine operating rate is 64.32% (up 0.55%). The weekly profit of compound fertilizer in China is 186 yuan/ton (up 1 yuan), and the weekly profit of melamine with externally - purchased urea is - 484 yuan/ton (down 194 yuan). The monthly output of compound fertilizer is 480.9 million tons (down 104.17 million tons), and the weekly output of melamine is 32,000 tons (up 300 tons) [2] Industry News - As of June 25, China's total urea enterprise inventory was 109.59 million tons, a week - on - week decrease of 4.01 million tons or 3.53%. As of June 26, China's urea port sample inventory was 38.1 million tons, a week - on - week increase of 8.6 million tons or 29.15%. As of June 26, China's urea production enterprise output was 1.3902 billion tons, a decrease of 40.5 million tons or 2.83% from the previous period; the capacity utilization rate was 85.78%, a decrease of 2.50% from the previous period, with the trend changing from rising to falling [2] Suggestions - Pay attention to Longzhong's enterprise inventory, port inventory, daily output, and operating rate on Thursday [2]

09合约短线建议在1760-1820区间交易。 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 尿素产业日报 2025-06-17 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收盘价(日,元/吨) | 1774 | 51 郑州尿素9-1价差(日,元/吨) | 48 | 8 | | | 郑州尿素主力合约持仓量(日,手) | 285825 | 6801 郑州尿素前20名净持仓 | 11446 | 16632 | | | 郑州尿素交易所仓单(日,张) | 5810 | -112 | | | ...

本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收盘价(日,元/吨) | 1784 | -6 郑州尿素9-1价差(日,元/吨) | 79 | 2 | | | 郑州尿素主力合约持仓量(日,手) | 219438 | -4320 郑州尿素前20名净持仓 | 8032 | -5278 | | | 郑州尿素交易所仓单(日,张) | 6941 | -145 | | | | 现货市场 | 河北(日,元/吨) | 1850 | 0 河南(日,元/吨) | 1860 | 10 | | ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收盘价(日,元/吨) | 1816 | -11 郑州尿素9-1价差(日,元/吨) | 79 | 5 | | | 郑州尿素主力合约持仓量(日,手) | 219428 | 4610 郑州尿素前20名净持仓 | 10333 | 854 | | | 郑州尿素交易所仓单(日,张) | 7104 | -444 | | | | 现货市场 | 河北(日,元/吨) | 1880 | 0 河南(日,元/吨) | 1880 | -10 | | | 江苏(日,元/吨) | 1900 | 0 山东(日,元/吨) | 2270 | 390 | | | 安徽(日,元/吨) | 1900 | 0 郑州尿素主力合约基差(日,元/吨) | 454 | 401 | | | FOB波罗的海(日,美元/吨) | 352.5 | 2.5 FOB中国主港(日,美元/吨) | 360 | 5 | | 产业情况 | 港口库存(周,万吨) | 20.3 | 4 企业库存( ...