1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of July 26th, the reference average price of the domestic urea market was 2313 yuan/ton, which is 1.95% lower than the reference average price of 2359 yuan/ton on July 22nd.
2、 Market analysis
market conditions
This week, the domestic urea market prices have weakened and fallen. As of July 26th, the ex factory price of urea in Shandong region is around 2090-2130 yuan/ton, in Hebei region it is around 2120 yuan/ton, and in Henan region it is around 2140 yuan/ton.
Supply and demand situation
In terms of supply, the urea market currently has a relatively sufficient supply, with oversupply being the main factor. In terms of demand, the current agricultural demand is weakening, and downstream compound fertilizers are purchased on demand, with small quantities received and many low-priced transactions.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent downward trend in the urea market has led to a lack of trading atmosphere in the market. At present, there is no positive news in the market, waiting for the release of terminal demand. It is expected that the domestic urea market prices will continue to weaken and decline in the short term.
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