1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of January 17th, the reference average price of the domestic urea market was 1711 yuan/ton, which is 0.58% lower than the reference average price of 1721 yuan/ton on January 13th.

2、 Market analysis

market conditions

This week, the domestic urea market prices fluctuated slightly. As of January 17th, the factory price of urea in Shandong region is around 1600-1655 yuan/ton, in Hebei region it is around 1650 yuan/ton, in Henan region it is around 1620 yuan/ton, in Hubei region it is around 1620 yuan/ton, and in Liaoning region it is around 1760 yuan/ton.

Supply and demand situation

This week, the urea market has seen stable supply and increased demand. In terms of supply, the urea market has ample supply this week, and market inventory remains loose. In terms of demand, there has been an increase in downstream agricultural demand before the holiday, smooth transactions in the urea market, and a decrease in industrial demand.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea market has been mainly fluctuating at a low level recently. At present, the demand for pre holiday market replenishment is increasing, and downstream replenishment demand will gradually weaken as the Spring Festival approaches. It is expected that the domestic urea market prices will experience narrow fluctuations in the short term.