1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of March 10th, the reference average price of the domestic urea market was 1871 yuan/ton, which is 1.11% lower than the reference average price of 1892 yuan/ton on March 1st.

2、 Market analysis

market conditions

In early March, the domestic urea market prices fell. As of March 10th, the factory price of urea in Shandong region is around 1800-1830 yuan/ton, in Hebei region it is around 1850 yuan/ton, in Henan region it is around 1800-1820 yuan/ton, in Hubei region it is around 1830 yuan/ton, and in Liaoning region it is around 1860 yuan/ton.

Supply and demand situation

This week, the urea market has sufficient supply and cautious market demand. On the supply side, urea production started at a high level this week, with stable market supply and sufficient inventory levels. In terms of demand, downstream purchases are made on demand, and the market transaction atmosphere is flat, with limited follow-up on new orders.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea price has started to slightly rebound after a continuous decline in recent days. At present, it is the peak season for spring plowing, and the demand for urea in the market is still high. But overall inventory remains high. It is expected that the domestic urea market price will remain stable and rise in the short term.