SunSirs: Poor Demand, the Urea Market Was Weaker and Declining in April

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 30th, the reference average price of the domestic urea market was 1,875 RMB/ton, which was 6.02% lower than the reference average price of 1,995 RMB/ton on April 1st.

Analysis review

Supply and demand situation

The overall price of urea in the domestic market was weak and declining this month. On the supply side, the urea market had sufficient supply and inventory pressure remains. On the demand side, the demand for spring plowing was gradually slowing down, and downstream procurement was cautious. The operating rate of compound fertilizer enterprises had declined, and the demand for urea procurement had weakened.

Market conditions

As of April 30th, the factory price of urea in Shandong iwas around 1,770-1,850 RMB/ton, in Hebei it was around 1,830 RMB/ton, in Henan it was around 1,850 RMB/ton, and in Liaoning it was around 1,830 RMB/ton.

According to the weekly K-bar chart from February 3, 2024 to April 21, 2025, it can be seen that the domestic ammonium sulfate cycle was fluctuating. Domestic urea experienced a significant decline in April, with the largest drop being 2.34% in the week of April 14th.

Market outlook

SunSirs' urea analyst believes that the urea market has recently stopped falling and risen. The enthusiasm for downstream replenishment before the holiday has increased, and market transactions have improved. It is expected that the domestic urea market will mainly experience price consolidation in the short term.

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