1. Price trend

According to the commodity market analysis system of SunSirs, as of May 30, the average reference price of domestic urea market was 1,892 RMB/ton, which was 0.91% higher than the average reference price of 1,875 RMB/ton on May 1.

2. Market analysis

Supply and demand

In May, the domestic urea market price rose first and then fell. In the first half of May, the domestic urea market trend was positive. Urea market shipments were smooth, market transactions were good, and urea market prices were strong. In the second half of May, the domestic urea market trend was mainly downward. Urea market supply was sufficient and inventory was still high. Urea market demand was insufficient, downstream purchasing intentions weakened, and industrial and agricultural demand was waiting to follow up.

Market situation

As of May 30, the urea market price in Shandong was around 1840-1920 RMB/ton, the urea market price in Hebei was around 1830-1940 RMB/ton, the urea market price in Henan was around 1820-1910 RMB/ton, and the urea market price in Liaoning was around 1930 RMB/ton.

According to statistics from March 3, 2024 to May 19, 2025, domestic ammonium sulfate prices fluctuated during the cycle. The largest increase in domestic urea in May was on May 5, with a weekly increase of 2.49%, and the largest decrease was on May 19, with a weekly decrease of 1.27%.

3. Forecast for the future market

Urea analysts at SunSirs believe that the urea market has been fluctuating and consolidating in recent days. At present, the urea market is active, and downstream demand is following up, but inventory pressure is still there, and the futures market is not doing well.

It is expected that the domestic urea market price will be weak and consolidated in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.