1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of January 6th, the reference average price of the domestic urea market was 1711 yuan/ton, a decrease of 4.82% from the reference average price of 1798 yuan/ton on January 1st.
2、 Market analysis
market conditions
This week, the domestic urea market prices have dropped significantly. As of January 6th, the factory price of urea in Shandong region is around 1560-1610 yuan/ton, in Hebei region it is around 1620 yuan/ton, in Henan region it is around 1600 yuan/ton, in Hubei region it is around 1640 yuan/ton, and in Liaoning region it is around 1760 yuan/ton.
Supply and demand situation
This week, the urea market has strong supply and weak demand. On the supply side, urea supply has been relatively loose this week, and market inventory has increased. In terms of demand, downstream demand is weak, and due to the recent decline in urea prices, downstream consumers are mainly adopting a wait-and-see approach. At present, the market trading is light, with transactions mainly at low prices.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market has been weak and declining recently. At present, there is no positive news in the market, and manufacturers are continuously lowering prices in order to clear inventory. It is expected that the domestic urea market prices will continue to weaken and decline in the short term.
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