1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of September 15th, the reference average price of domestic urea market was 1665 yuan/ton, which is 2.27% lower than the reference average price of 1703 yuan/ton on September 8th.
2、 Market analysis
market situation
This week, the domestic urea market is weak and declining. This week, the urea futures market price continued to decline, and the spot market followed the fluctuations of the futures market. As of September 15th, the urea market prices in Shandong are around 1630-1670 yuan/ton, Hebei is around 1650-1670 yuan/ton, Henan is around 1640 yuan/ton, Hubei is around 1670 yuan/ton, and Liaoning is around 1690 yuan/ton.
Supply and demand situation
This week, the domestic urea market is experiencing oversupply. On the supply side, some early parking devices resumed production this week, with a slight increase in daily output and ample market supply. In terms of demand, the current agricultural demand is still weak, with downstream essential procurement being the main focus, and the market transaction atmosphere is not good.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market prices have continued to decline in recent days. At present, the inventory of urea market is high, downstream procurement is cautious, and there is no improvement on the demand side, resulting in weak market transactions. It is expected that domestic urea prices will continue to operate weakly in the short term.