Price trend
On August 10, the domestic comprehensive price of urea fell slightly. The average domestic price of urea was 2,312 RMB/ton, down 40 RMB/ton compared with the price on August 9, a decrease of 1.70%, and a decrease of 17.43% compared with the same period last year.
Analysis review
The upstream cost support of urea was general, the downstream agricultural demand was basically over, and the industrial rigid demand was the main. The compound fertilizer plant was mainly on the sidelines. Some manufacturers overhauled, and the daily output of urea is about 150,000 tons.
Market outlook
In the market outlook, it is expected that the domestic urea market price may bottom out and the average market price will be around 2,350 RMB/ton.
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