1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 19th, the reference average price of the domestic urea market was 2165 yuan/ton, a decrease of 0.18% from the reference average price of 2169 yuan/ton on September 13th.
2、 Market analysis
market conditions
Recently, the domestic urea market prices have fallen. As of September 19th, the ex factory price of urea in Shandong region is around 1820-1855 yuan/ton, in Hebei region it is around 1860 yuan/ton, in Henan region it is around 1840 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 mainly driven by rigid needs. Purchasing is relatively cautious, with low price transactions being the main focus in the market. The demand for autumn fertilizer market needs to be released.
3、 Future forecast
The urea analyst from Shengyi Society believes that the urea market has been experiencing a narrow downward trend recently, with a small number of transactions in the market. At present, the urea market has strong supply and weak demand, and downstream buyers are seeking lower prices, so demand needs to be improved. It is expected that in the short term, the domestic urea market price will be weak and mainly operated through consolidation.
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