1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of March 14th, the reference average price of domestic urea market was 1873 yuan/ton, which is 0.11% higher than the reference average price of 1871 yuan/ton on March 10th.

2、 Market analysis

market conditions

This week, the domestic urea market prices have fluctuated. As of March 14th, the factory price of urea in Shandong region is around 1800-1825 yuan/ton, in Hebei region it is around 1800-1840 yuan/ton, in Henan region it is around 1820 yuan/ton, in Hubei region it is around 1820 yuan/ton, and in Liaoning region it is around 1890 yuan/ton.

Supply and demand situation

In terms of supply, urea production started at a high level this week, and the urea market has sufficient supply. In terms of demand, downstream purchases are made on demand, with stable industrial and agricultural demand and decent new order volume.

3、 Future forecast

The urea analyst from Shengyi Society believes that in recent days, domestic urea prices have been fluctuating, with minor fluctuations being the main trend. At present, there is a large inventory in the market, and there is support from the demand side. It is expected that the short-term domestic urea market will mainly experience price fluctuations and consolidation.