doublejokerpoker| Urea market stabilizes, demand for compound fertilizers declines: soda ash leads the increase by more than 7%

News summary

May 17doublejokerpoker, the urea market is stable and fine-tuned, with Nissan 17doublejokerpoker.10,000 tons; the domestic futures market generally rose, with soda ash leading the increase of more than 7%.

Newsletter text

[The national urea market remained stable, and compound fertilizer transactions weakened] On May 17, the urea market was generally stable, while the main compound fertilizer producing areas were mainly stable.doublejokerpokerThe transaction situation showed a certain degree of weakness. Prices at upstream factories remained stable. Despite the poor performance of new orders, the volume to be issued was still substantial, and the daily output of urea reached 17.doublejokerpoker.10,000 tons, with an operating rate of 72.82%. [The commodity futures market closed, with soda ash rising by more than 7%] At the close of the domestic commodity futures market, most of the overall varieties showed an upward trend. Soda ash futures performed particularly well, with an increase of more than 7%. Shanghai nickel, liquefied gas and other varieties also recorded good increases, and glass, PVC, etc. rose more than 3%. [The RMB exchange rate against the US dollar was slightly lowered, and the central bank implemented a zero-release and zero-withdrawal operation] On May 17, the central parity rate of the RMB against the US dollar was lowered by 25 basis points to 7.1045. The central bank conducted a 2 billion yuan 7-day reverse repurchase operation on the same day, achieving zero release and zero withdrawal on the same day with a winning bid interest rate of 1.80%. [The high temperatures in the Yellow River and Huaihe River in North China are expected to welcome a new round of heavy precipitation in South China] In terms of domestic weather, heavy rainfall is expected from the eastern part of Southwest China to South China from May 17 to 21, and Guangdong, Guangxi and other places have high risks of heavy rain disasters. Clear, hot and hot weather is expected in the Huanghuai and North China regions. [Industrial natural gas output above designated size increased by 3.2% year-on-year in April, and imports maintained rapid growth] Data from the National Bureau of Statistics showed that natural gas output in April increased by 3.2% year-on-year, with an average daily output of 660 million cubic meters. Natural gas imports increased by 15.1% year-on-year. From January to April, a total of 43 million tons of natural gas were imported, a year-on-year growth rate of 20.7%. [The intact storage capacity of the national standard grain warehouse exceeds 700 million tons, and multiple measures have been taken to ensure the purchase of summer grain] The State Grain and Material Reserve Administration announced that the intact storage capacity of the national standard grain warehouse has exceeded 700 million tons. In the near future, we will focus on promoting warehouse capacity preparation, law enforcement supervision and other matters to ensure the smooth progress of summer grain purchase. [A bumper summer grain harvest is in sight, and various localities have stepped up wheat lodging responses to reduce yield losses.] As "Xiaoman" approaches, wheat has entered a critical yield formation period. Despite the phenomenon of wheat lodging, various regions are working hard to reduce yield losses through scientific response strategies in order to achieve a bumper summer grain harvest.