1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of December 30th, the reference average price of the domestic urea market was 1811 yuan/ton, a decrease of 8.56% from the reference average price of 1981 yuan/ton on December 1st.

2、 Market analysis

market conditions

This month, the domestic urea market prices have been weak and declining. In the first half of this month, domestic urea prices fell. The supply and demand in the urea market are weak, with a decrease in market supply, weak downstream purchasing enthusiasm, weak market transactions, and a poor trading atmosphere. In the second half of this month, domestic urea prices continued to decline. The increase in urea supply has led to an increase in market inventory. Downstream procurement is relatively cautious, with a focus on low-priced purchases, and there is currently no positive market support.

market conditions

As of December 30th, the ex factory price of urea in Shandong region is around 1630-1660 yuan/ton, in Hebei region it is around 1700 yuan/ton, in Henan region it is around 1680 yuan/ton, and in Liaoning region it is around 1810 yuan/ton.

Supply and demand situation

In terms of supply, urea supply has been tight and then loose this month, and currently the market supply is still acceptable. 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

Business Society’s urea analyst believes that the urea market has been declining recently. At present, there is a strong bearish sentiment in the market, with downstream low-priced purchases being the main focus, and there is currently no positive news emerging in the market. It is expected that the short-term domestic urea market prices will continue to operate weakly.