1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of January 13th, the reference average price of the domestic urea market was 1721 yuan/ton, which is 0.58% higher than the reference average price of 1711 yuan/ton on January 6th.

2、 Market analysis

market conditions

The domestic urea market price has slightly rebounded after a decline this week. As of January 13th, the factory price of urea in Shandong region is around 1580-1620 yuan/ton, in Hebei region it is around 1660 yuan/ton, in Henan region it is around 1620 yuan/ton, in Hubei region it is around 1610 yuan/ton, and in Liaoning region it is around 1710 yuan/ton.

Supply and demand situation

The supply and demand balance in the urea market this week. On the supply side, urea supply is sufficient this week, and market inventory remains loose. In terms of demand, downstream purchases are made on demand, seeking lower prices for purchases. Urea companies have stable shipments, and market trading volume has increased.

3、 Future forecast

Business Society’s urea analyst believes that the domestic urea market has recently stopped falling and stabilized. Although there has been a slight rebound at present, there is still no significant positive news in the market. It is expected that the domestic urea market will mainly operate within the price range in the short term.