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The oil price will be adjusted for the first time 10, and it is predicted that it will rise again and the price of urea will fall! How does the price change in the later period?
On the evening of May 30th, domestic oil prices will be raised for the tenth time.

July closing price of international crude oil

As of May 27th, the New York Futures Exchange announced the closing price of oil in July, namely 1 15.07/ barrel, which was 0.98 USD higher than the previous trading day, with an increase rate of 0.86%.

Half-month increase in domestic oil prices Let's take a look at the specific increase in domestic oil prices in the last half month.

On May 25th, the average receiving price of fertilizer in different regions of Henan Province was 3 170 yuan per ton.

The future trend of fertilizer prices The rebound of fertilizer prices in recent days is only caused by short-term market adjustment.

Although domestic fertilizers are affected by the international urea market in the short term, the price has increased.

However, in the long run, domestic fertilizer prices will inevitably decline steadily and gradually.

This is because local agricultural distributors began to reduce the accumulation of urea in order to prevent the price of chemical fertilizer from soaring and plummeting.

Agricultural distributors do this, but this forces fertilizer manufacturers to reduce production and prices.

At the same time, China has passed the busy farming and fertilization period, and the fertilizer market just needs to be weakened.