Middle East granular urea prices surge significantly, Bluebonnet Biochemical hits the daily limit

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On March 6, A-share fertilizer stocks fluctuated and rose, with Lanfeng Biochemical (002513.SZ) hitting the daily limit. Several stocks that previously hit the limit, including Chitianhua (600227.SH), Jinzhengda (002470.SZ), and Yuegui Shares (000833.SZ), also saw gains, along with Nongda Technology (920159.BJ), Luxi Chemical (000830.SZ), and Stanley (002588.SZ).

On the news front, Middle Eastern granular urea prices have increased by about $130 per ton since last Friday, currently ranging from $575 to $650. Additionally, several titanium dioxide companies such as Nanjing Titanium Dioxide Chemical and Annada announced price hikes for their products.

Zheshang Securities analysis pointed out that the rotation cycle of bulk commodities exists, and agricultural products are shifting from “waiting for transmission” to being driven by “cost push + risk hedging”.

Huaxin Securities stated that it is recommended to pay attention to the guanidine industry, which is expected to enter an economic cycle. Currently, the guanidine industry faces operational difficulties with obvious bottom characteristics, inventory continues to decline, and prices have recently started to rise. Against the backdrop of overseas inventory replenishment cycles, the industry may enter an economic boom.

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