Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 25th, the reference average price of domestic urea market was 1,876 RMB/ton, which was 1.92% lower than the reference average price of 1913 RMB/ton on April 21st.

Price influencing factors:

Market conditions

Last week, the domestic urea market was weak and declining. As of April 25th, the factory price of urea in Shandong region was around 1,790-1,830 RMB/ton, in Hebei region it was around 1,790-1,830 RMB/ton, in Henan region it was around 1,780-1,820 RMB/ton, in Hubei region it was around 1,790-18,30 RMB/ton, and in Liaoning region it was around 1,780-1,850 RMB/ton.

Supply and demand situation

In terms of supply, the urea market still had sufficient supply as of April 25th. In terms of demand, the demand for spring plowing was coming to an end, and the enthusiasm for downstream replenishment decreased. The operating rate of compound fertilizer enterprises continued to decline, leading to a decrease in demand for urea procurement.

Market outlook

The urea analyst from SunSirs believes that the domestic urea price has continued to be weak in recent days, and the price continued to decline. The domestic urea market has seen a decrease in industrial and agricultural demand, leading to cautious downstream procurement. as of April 25th, there was no positive news in the market, and it is expected that the domestic urea market will continue to operate to be weaker in the short term.

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