The urea market remains weak

The domestic urea market continued to be weak and the low-end temporary weakness was consolidating. The high-end market continued to return to the mainstream. The fertilizer market in spring is gradually entering the tailing stage. The new orders received by the manufacturers have obviously weakened, the industrial demand remains flat, and in the continued stalemate in exports, prices naturally stay low or move closer to low levels. In the early period, some plants have been stopped or reduced, and the industry operating rate has been significantly reduced. However, for the market where demand is not obvious, the impact of supply reduction is not significant. Waiting for the overall operating rate to continue to decline, and touch one of the export or domestic demand, the market will only pick up. It is expected that the maintenance companies will increase this month, and the market's decline will also ease, but it will continue to hover low.