1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of December 12th, the reference average price of the domestic urea market was 1875 yuan/ton, a decrease of 0.35% from the reference average price of 1881 yuan/ton on December 6th.
2、 Market analysis
market conditions
This week, the domestic urea market prices have slightly adjusted and fallen. As of December 12th, the factory price of urea in Shandong region is around 1760-1790 yuan/ton, in Hebei region it is around 1800 yuan/ton, in Henan region it is around 1785 yuan/ton, in Hubei region it is around 1800 yuan/ton, and in Liaoning region it is around 1885 yuan/ton.
Supply and demand situation
This week, both supply and demand in the urea market have been weak. On the supply side, there has been a decrease in urea market supply this week, but there is still a significant amount of inventory in the market. In terms of demand, downstream procurement enthusiasm is weak, market transactions are sluggish, and the trading atmosphere is not good.
3、 Future forecast
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Business Society’s urea analyst believes that the domestic urea market has recently undergone a narrow adjustment. At present, there is no positive support in the market, and the market adopts a cautious and wait-and-see attitude. It is expected that in the short term, the stable consolidation and operation of domestic urea market prices will be the main focus.