Not too big. Judging from the correlation coefficient of industrial chain, the correlation coefficient between crude oil and urea industrial chain is low, and the sharp drop of crude oil cannot have a direct impact on urea market. Moreover, international crude oil prices have fallen, and domestic gasoline and diesel will not follow suit. In addition, at present, high speed is free, and the overall logistics freight rate is already the lowest level, which will not expand the profit space of urea and will not force the price of urea to fall.

The main factor affecting the decline of urea market lies in the change of supply and demand. Recently, the urea market has shown a steady and declining trend. According to the monitoring, the national average ex-factory price of 2 1 day urea is 1692 yuan/ton, which is 0.4 1% lower than last Friday. The enterprise's quotation drops by 30-50 yuan/ton.