1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of November 18th, the reference average price of the domestic urea market was 1983 yuan/ton, a decrease of 9.37% from the reference average price of 2188 yuan/ton on November 11th.

2、 Market analysis

market conditions

This week, the domestic urea market prices have weakened and fallen. As of November 18th, the factory price of urea in Shandong region is around 1785-1800 yuan/ton, in Hebei region it is around 1820 yuan/ton, in Henan region it is around 1800 yuan/ton, in Hubei region it is around 1830 yuan/ton, and in Guangdong region it is around 1960 yuan/ton.

Supply and demand situation

This week, the urea market has strong supply and weak demand. On the supply side, the urea market saw an increase in supply this week. In terms of demand, downstream companies maintain a focus on essential procurement and are cautious in sourcing goods, resulting in a decrease in market transaction volume for new orders.

3、 Future forecast

The urea analyst from Shengyi Society believes that the urea market has weakened recently, and the market is showing a low-level consolidation operation. At present, there is no favorable situation in the supply and demand of urea, and the upward momentum is insufficient. It is expected that the short-term domestic urea market prices will mainly fluctuate at a low level.