尿素产业日报 2025-04-29 | 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) | 1735 | -46 郑州尿素5-9价差(日,元/吨) | 41 | 34 | | | 郑州尿素主力合约持仓量(日,手) | 210028 | 4562 郑州尿素前20名净持仓 | -471 | 3789 | | | 郑州尿素交易所仓单(日,张) | 4999 | 0 | | | | 现货市场 | 河北(日,元/吨) | 1810 | -10 河南(日,元/吨) | 1800 | 0 | | | 江苏(日,元/吨) | 1800 | -20 山东(日,元/吨) | 1810 | 10 | | | 安徽(日,元/吨) | 1810 | -10 郑州尿素主力合约基差(日,元/吨) | 75 | 56 | | | FOB波罗的海(日,美元/吨) | 350 | 0 FOB中国主港(日,美元/吨) | 267 | 0 | | 产业情况 | 港口库存(周,万吨) | 1 ...

Report Industry Investment Rating - Not provided Core View of the Report - The domestic urea market is under relatively pessimistic sentiment. The short - term compound fertilizer operating rate may continue to decline, and the melamine downstream follow - up atmosphere is not optimistic. The factory operating rate is at a low level. The domestic urea enterprise inventory continues to increase this week. It is recommended to trade the UR2509 contract in the range of 1730 - 1780 yuan/ton [2] Summary by Relevant Catalogs Futures Market - The closing price of the Zhengzhou urea main contract is 1755 yuan/ton, down 34 yuan; the 5 - 9 spread is 13 yuan/ton, down 9 yuan; the main contract position is 162305 lots, an increase of 76135 lots; the net position of the top 20 is - 4767, an increase of 2062; the exchange warehouse receipts are 4480, down 28 [2] Spot Market - In the domestic spot market, the prices in Hebei, Henan, and Shandong are down 10 yuan/ton, the price in Jiangsu remains unchanged, and the price in Anhui is down 10 yuan/ton. The main contract basis is 125 yuan/ton, up 24 yuan. The FOB prices in the Baltic and Chinese main ports remain unchanged [2] Industry Situation - The port inventory is 11.9 million tons, down 0.1 million tons; the enterprise inventory is 90.62 million tons, up 7.25 million tons. The urea enterprise operating rate is 86.4%, up 0.51%; the daily output is 194400 tons, up 1200 tons. The export volume is 0, unchanged. The monthly output is 6087080 tons, an increase of 610930 tons [2] Downstream Situation - The compound fertilizer operating rate is 48.89%, down 3.48%; the melamine operating rate is 64.63%, up 4.45%. The weekly profit of compound fertilizer is 261 yuan/ton, up 88 yuan; the weekly profit of melamine with externally - purchased urea is - 39 yuan/ton. The monthly output of compound fertilizer is 683.83 million tons, an increase of 150.92 million tons; the weekly output of melamine is 32100 tons, an increase of 2210 tons [2] Industry News - As of April 16, the total inventory of Chinese urea enterprises is 90.62 million tons, an increase of 7.25 million tons from last week, a month - on - month increase of 8.70%. As of April 17, the sample inventory of Chinese urea ports is 11.2 million tons, a month - on - month decrease of 0.7 million tons, a month - on - month decline of - 5.88%. As of April 17, the output of Chinese urea production enterprises is 135.03 million tons, a decrease of 1.04 million tons from the previous period, a month - on - month decline of - 0.76% [2]

尿素产业日报 2025-04-15 数据来源于第三方，观点仅供参考。市场有风险，投资需谨慎！ 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 上周国内尿素企业库存呈现增加，市场情绪受挫，下游补仓放缓，尿素流向减少，企业库存随之增加。关 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 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 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。 税政策引发的利空逐步消化，UR2505合约短线关注1800附近支撑力度，建议暂以观望为主。 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 | 项目类别 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | | 郑州尿素主力合约收盘价(日,元/吨) 期货市场 | 1802 | -14 郑州尿素5-9 ...