1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 25th, the reference average price of the domestic urea market was 2141 yuan/ton, which is 1.11% lower than the reference average price of 2165 yuan/ton on September 19th.
2、 Market analysis
market conditions
The domestic urea market prices have fallen this week. As of September 25th, the ex factory price of urea in Shandong region is around 1750-1780 yuan/ton, in Hebei region it is around 1825 yuan/ton, in Henan region it is around 1810 yuan/ton, and in Hubei region it is around 1850 yuan/ton.
Supply and demand situation
This week, the urea market is oversupplied. In terms of supply, the urea market has ample supply this week. In terms of demand, downstream demand is dominant, with low enthusiasm for procurement and a cautious attitude towards the urea market, resulting in limited market transactions. Mainstream enterprises still have pending orders.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has been weak and downward recently. Downstream procurement has weakened, with low price transactions being the main focus, and the market trading atmosphere is light, making it difficult for the pre holiday market to improve. It is expected that the domestic urea market prices will continue to weaken and decline in the short term.
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