1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of February 14th, the reference average price of domestic urea market was 1728 yuan/ton, which is 2.57% higher than the reference average price of 1685 yuan/ton on February 8th.
2、 Market analysis
market conditions
This week, the domestic urea market prices have continued to rise. As of February 14th, the factory price of urea in Shandong region is around 1650-1710 yuan/ton, in Hebei region it is around 1720 yuan/ton, in Henan region it is around 1720 yuan/ton, in Hubei region it is around 1710 yuan/ton, and in Liaoning region it is around 1790 yuan/ton.
Supply and demand situation
This week, the supply of urea in the market has been stable, and the market demand has increased. On the supply side, with the increase in demand this week, the supply of urea in the market has decreased, and some regions are experiencing tight supply. In terms of demand, it is currently the peak season for spring plowing, with an increase in agricultural demand and a positive transaction volume in the urea market.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market has been operating strongly recently. After the holiday, the trading volume of urea market increased, and the shipment of enterprises was smooth. At present, the market has a strong bullish sentiment and there is some support on the demand side. It is expected that the domestic urea market price will remain stable in the short term, with a focus on the upper middle range.
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