SunSirs: Domestic Urea Market Weakened and Fell (August 10-15)
August 19 2025 11:28:02 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of August 15, the average reference price of domestic urea market was 1,762 RMB/ton, compared with the average reference price of 1,792 RMB/ton on August 10. The domestic urea market price fell by 1.67% last week.
Analysis review
Market Situation
Last week, domestic urea market prices weakened and fell. Urea futures prices weakened last week, and the spot market followed suit. As of August 15th, urea market quotes in Shandong were around 1,680-1,780 RMB/ton, in Hebei 1,700-1,780 RMB/ton, in Henan 1,650-1,750 RMB/ton, in Hubei 1,740 RMB/ton, and in Liaoning 1,760 RMB/ton.
Supply and Demand
Last week, the domestic urea market experienced an oversupply. On the supply side, some urea plants underwent maintenance, resulting in a decrease in daily production, but market supply remained ample. On the demand side, urea demand was entering its off-season in autumn, leading downstream compound fertilizer manufacturers to purchase in short supply.
Future outlook:
Urea analysts at SunSirs believe that the domestic urea market has been trending downward recently. Urea inventories remained high, downstream demand was weak, and purchasing enthusiasm was low. Domestic urea prices are expected to remain weaker and downward in the short term.
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