1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of April 7th, the reference average price of the domestic urea market was 1985 yuan/ton, a decrease of 0.50% from the reference average price of 1995 yuan/ton on April 1st.
2、 Market analysis
market conditions
This week, the domestic urea market has been weak and declining. As of April 7th, the factory price of urea in Shandong region is around 1900-1930 yuan/ton, in Hebei region it is around 1900 yuan/ton, in Henan region it is around 1910 yuan/ton, in Hubei region it is around 1910 yuan/ton, and in Liaoning region it is around 1940 yuan/ton.
Supply and demand situation
In terms of supply, the urea market has sufficient supply this week, and inventory pressure is still present, with stable shipments from enterprises. In terms of demand, the volume of new orders decreased this week, downstream demand slowed down, and a cautious attitude increased. Business owners mainly placed early orders.
3、 Future forecast
Business Society’s urea analyst believes that the recent downward trend in the domestic urea market is the main reason. At present, the demand in the industrial and agricultural markets is weakening, and market transactions are slowing down. It is expected that the domestic urea market price will weaken and decline in the short term.