mainbaccarat| Huatai Futures analysis: Urea companies 'inventories decreased by 126,000 tons, short-term supply tightened, and demand growth may be strong and volatile

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[urea demand increases steadily, short-term supply continues to tighten, and futures prices may be strongly volatile]

According to the analysis report of Huatai Futures, the data on May 16 this year show that the total inventory of urea enterprises has dropped to 37.Mainbaccarat.680000 tons, a decrease from the previous weekMainbaccaratBy 126000 tons, the upstream inventory showed a significant decline. This trend of stock destocking has been reflected in the urea spot market, the spot price continues to rise, while the futures price shows a trend of interval arrangement.

Further observation of the supply side of the urea market shows that due to the implementation of enterprise maintenance work, the short-term urea supply continues to decrease and the output decreases slightly. At the same time, the market atmosphere of compound fertilizer is good, the rigid demand of downstream industry is strong, and the shipment of urea enterprises is good. Especially in the northeast and south, the rigid demand procurement of rice topdressing is promoting the steady growth of urea demand.

Driven by the rising sentiment in the market, the trading atmosphere remains active, and the dual factors of tight supply and demand growth in the urea market are expected to make urea futures prices fluctuate strongly in the short term.