Price trend:

According to SunSirs' commodity price analysis system, as of December 18th, the average reference price of urea in the domestic market was 1,720 RMB/ton, an increase of 1.03% compared to the average reference price of 1,702 RMB/ton on December 1st.

Market Analysis

Market Situation

Entering December, the domestic urea market experienced fluctuating price increases. The rise in urea futures prices boosted the spot market. As of December 18th, urea prices were approximately 1,680-1,720 RMB/ton in Shandong province, 1,680-1,720 RMB/ton in Hebei province, 1,650-1,690 RMB/ton in Henan province, 1,670-1,730 RMB/ton in Hubei province, and 1,720-1,750 RMB/ton in Liaoning province..

Supply and Demand Situation

As of December 18th, the domestic urea market had ample supply and relatively stable demand. In terms of supply, daily urea production remained at a high level. Regarding demand, downstream buyers were mainly making purchases to meet immediate needs, and demand was steadily keeping pace with supply.

Market Outlook

According to SunSirs' urea analyst, the urea market had recently been consolidating and rising. Influenced by the Indian urea tender information, urea futures prices increased, leading to a rise in the spot market and an increase in new orders. It is expected that domestic urea market prices will continue to rise in the short term.

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