1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of February 20th, the reference average price of domestic urea market was 1851 yuan/ton, which is 7.11% higher than the reference average price of 1728 yuan/ton on February 14th.

2、 Market analysis

market conditions

This week, the domestic urea market prices have shown a strong upward trend. As of February 20th, the factory price of urea in Shandong region is around 1750-1810 yuan/ton, in Hebei region it is around 1800 yuan/ton, in Henan region it is around 1770 yuan/ton, in Hubei region it is around 1780 yuan/ton, and in Liaoning region it is around 1850 yuan/ton.

Supply and demand situation

This week, the urea market has sufficient supply and market demand has increased. In terms of supply, the urea market has remained stable this week with sufficient inventory levels. In terms of demand, the recent peak season for spring plowing has led to an increase in urea demand, an increase in downstream compound fertilizer production rates, and a significant increase in urea market trading volume.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea market has been operating strongly recently. At present, there is a decrease in market supply and an increase in demand, but overall inventory is high. Under the continuous rise of urea, the market tends to stabilize, and in some areas, the market is loose. It is expected that the domestic urea market price will remain stable with a moderate decline in the short term.