1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 22, the reference average price of domestic urea market was 1655 yuan/ton, which is 0.60% lower than the reference average price of 1665 yuan/ton on September 15.
2、 Market analysis
market situation
This week, the domestic urea market prices continued to weaken and decline. This week, the urea futures market price continued to decline, and the spot market followed the fluctuations of the futures market. As of September 22, the urea market prices in Shandong are around 1610-1670 yuan/ton, Hebei is around 1630-1660 yuan/ton, Henan is around 1620-1680 yuan/ton, Hubei is around 1660 yuan/ton, and Liaoning is around 1670 yuan/ton.
Supply and demand situation
This week, the domestic urea market is experiencing oversupply. In terms of supply, some early parking devices have resumed production, resulting in a further increase in daily output and an increase in market supply. In terms of demand, the current industrial and agricultural demand is relatively weak, downstream procurement is cautious, and the market trading atmosphere is not good.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market has continued to weaken and decline recently. At present, the urea market has sufficient supply but poor market demand. Approaching the National Day holiday, urea manufacturers are mainly reducing prices to attract orders. It is expected that domestic urea prices will continue to weaken and consolidate in the short term.