1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of December 17th, the reference average price of domestic urea market was 1851 yuan/ton, which is 1.07% lower than the reference average price of 1871 yuan/ton on December 10th.

2、 Market analysis

market conditions

This week, the domestic urea market has weakened and declined. As of December 17th, the factory price of urea in Shandong region is around 1720-1735 yuan/ton, in Hebei region it is around 1760 yuan/ton, in Henan region it is around 1740 yuan/ton, in Hubei region it is around 1750-1770 yuan/ton, and in Liaoning region it is around 1850 yuan/ton.

Supply and demand situation

This week, both supply and demand in the urea market have been weak. On the supply side, urea production has decreased this week, resulting in a decrease in market supply. In terms of demand, downstream procurement is relatively cautious, market trading has decreased, transaction atmosphere is light, and the demand side needs to be improved.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea market has been weak recently. At present, the market is mainly wait-and-see, with poor downstream demand. It is expected that the short-term domestic urea market prices will continue to operate weakly.