【市场聚焦】尿素:春华秋实

中粮期货研究中心
Oct 24

摘要摘要:近端至春节前,预期价格偏弱,核心因素在于弱成本弱供需,库存高位上行,进而价格可能出现新低。而春节后旺季需求预期维持正常增速,供需改善带动价格走强。一近端弱成本弱供需成本维度煤炭弱现实弱预期,现实端民用电力需求季节性下滑,电厂煤炭累库压制价格。虽然近端有采矿事故上游减产扰动,价格出现反弹,但预期难以扭转季节性累库周期趋势。同时取暖季煤炭需求改善但峰值需求相较于迎峰度夏略低,本质在于煤电转化...

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