1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 22, the reference average price of the domestic urea market was 1775 yuan/ton, which is 0.50% higher than the reference average price of 1766 yuan/ton on August 18.
2、 Market analysis
market situation
This week, the domestic urea market price first rose and then fell. This week, the urea futures market price first rose and then fell, and the spot market followed the fluctuations of the futures market. As of August 22, the urea market prices in Shandong are around 1740-1780 yuan/ton, Hebei is around 1770 yuan/ton, Henan is around 1750-1780 yuan/ton, Hubei is around 1770 yuan/ton, and Liaoning is around 1760 yuan/ton.
Supply and demand situation
This week, the domestic urea market is experiencing oversupply. On the supply side, during the maintenance of some urea plants this week, the daily production slightly increased, and the market supply remains sufficient. In terms of demand, the autumn agricultural demand for urea has entered the off-season, and downstream compound fertilizer enterprises have low purchasing enthusiasm.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market has been weak and declining recently. At present, the trading atmosphere in the urea market has weakened, with a small amount of downstream purchases and no significant improvement in demand. It is expected that in the short term, the domestic urea price will be weak and mainly operated through consolidation.
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