SunSirs: The Urea Market Initially Suppressed and Then rebounded (June 23-27)
June 30 2025 15:24:06 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of June 27th, the reference average price of domestic urea market was 1,827 RMB/ton, which was 0.16% higher than the reference average price of 1,824 RMB/ton on June 23rd.
Analysis review
Market conditions
This week, the domestic urea market experienced a decline followed by an increase. At the beginning of this week, the urea market lacked positive support and urea prices fell. On Wednesday, the market reported an increase in urea export quotas, causing the urea futures market to rise and the urea spot market price to begin to rise. As of June 27th, the urea market prices in Shandong were around 1,770-1,845 RMB/ton, Hebei was around 1,800 RMB/ton, Henan was around 1,800 RMB/ton, Hubei was around 1,780-1,820 RMB/ton, and Liaoning was around 1,890 RMB/ton.
Supply and demand situation
On the supply side, some companies underwent equipment maintenance last week, resulting in a decrease in daily production, but the supply of urea in the market remained loose. In terms of demand, downstream essential fertilizer preparation was the main focus. This week, the operating rate of compound fertilizer enterprises had decreased, resulting in a decrease in demand for urea. Industrial demand maintained essential replenishment.
Market outlook
SunSirs’ urea analyst believes that the domestic urea market has been trending upwards recently. As of June 27th, urea manufacturers were mainly raising prices, market inventory remained high, and market demand still needed to be released. It is expected that domestic urea prices will mainly consolidate in the short term.
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