1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of December 24th, the reference average price of domestic urea market was 1828 yuan/ton, which is 1.26% lower than the reference average price of 1851 yuan/ton on December 17th.
2、 Market analysis
market conditions
This week, the domestic urea market prices have weakened and fallen. As of December 24th, the factory price of urea in Shandong region is around 1680-1720 yuan/ton, in Hebei region it is around 1730 yuan/ton, in Henan region it is around 1710 yuan/ton, in Hubei region it is around 1720-1740 yuan/ton, and in Liaoning region it is around 1810 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 procurement is relatively cautious, with a focus on low-priced purchases. At present, the market trading volume is still acceptable, but the trading atmosphere needs to be improved.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market has been weak and consolidating recently. At present, there is no significant improvement in the supply and demand side, and there is no positive support in the market. It is expected that in the short term, the domestic urea market prices will remain stable with a weak trend.
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