1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of July 18th, the reference average price of domestic urea market was 2385 yuan/ton, which is 2.37% lower than the reference average price of 2443 yuan/ton on July 12th.
2、 Market analysis
market conditions
This week, the domestic urea market prices have been running weakly. As of July 18th, the ex factory price of urea in Shandong region is around 2220-2260 yuan/ton, in Hebei region it is around 2260 yuan/ton, and in Henan region it is around 2240 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, agricultural demand maintains essential procurement, while industrial demand is low. The operating rate and market situation of downstream compound fertilizers remain stable, and the demand for urea remains stable.
3、 Future forecast
The urea analyst from Shengyi Society believes that the urea market has been weak and declining recently, with transaction prices approaching the lower end. At present, there is no positive news in the market, and the upward trend of urea is weak. It is expected that the domestic urea market prices will continue to weaken and consolidate in the short term.
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