1. Price trend

According to the commodity market analysis system of SunSirs, as of May 20, the average reference price of domestic urea market was 1,930 RMB/ton, which was 0.77% lower than the average reference price of 1,945 RMB/ton on May 12.

2. Market analysis

Market situation

The domestic urea market fell weakly this week. As of May 20, the urea market quotation in Shandong region was around 1,880-1,940 RMB/ton, the urea market quotation in Hebei region was around 1,900 RMB/ton, the urea market quotation in Henan region was around 1,900 RMB/ton, the urea market quotation in Hubei region was around 1,910 RMB/ton, and the urea market quotation in Liaoning region was around 1,940 RMB/ton.

Supply and demand situation

In terms of supply, the urea market is currently in sufficient supply, and some maintenance devices have been restarted. In terms of demand, downstream compound fertilizer companies mainly purchase on demand, waiting for the release of summer fertilizer demand.

3. Market Forecast

Urea analysts from SunSirs believe that the domestic urea market has been mainly on a downward trend recently. Currently, the market has limited transactions and the downstream demand is insufficient. There is no good news in the market at present, and it is expected that the domestic urea market will continue to be weak in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.