1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of December 18th, the reference average price of domestic urea market was 1720 yuan/ton, which is 1.03% higher than the reference average price of 1702 yuan/ton on December 1st.
2、 Market analysis
market situation
Entering December, the domestic urea market prices fluctuated and rose. The rise in the urea futures market has driven the improvement of the spot market. As of December 18th, the urea market prices in Shandong are around 1680-1720 yuan/ton, Hebei is around 1680-1720 yuan/ton, Henan is around 1650-1690 yuan/ton, Hubei is around 1670-1730 yuan/ton, and Liaoning is around 1720-1750 yuan/ton.
supply and demand situation
At present, the domestic urea market has sufficient supply and stable demand. In terms of supply, the daily production of urea is still at a high level. In terms of demand, downstream essential replenishment is the main focus, and demand is steadily following up.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has been consolidating and rising recently. Affected by the bidding information of urea in India, the urea futures market has risen, and the urea spot market has also risen, resulting in an increase in new orders in the urea market. It is expected that the domestic urea market prices will continue to rise in the short term.