1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of August 19th, the reference average price of the domestic urea market was 2263 yuan/ton, a decrease of 1.31% from the reference average price of 2293 yuan/ton on August 13th.

2、 Market analysis

market conditions

The domestic urea market prices have fallen this week. As of August 19th, the ex factory price of urea in Shandong region is around 2020-2045 yuan/ton, in Hebei region it is around 2050 yuan/ton, in Henan region it is around 2040 yuan/ton, and in Hubei region it is around 2035 yuan/ton.

Supply and demand situation

This week, both supply and demand in the urea market have been weak. On the supply side, the urea market supply decreased this week compared to last week. In terms of demand, there has been a decrease in agricultural and industrial demand, with a focus on maintaining essential needs. Downstream compound fertilizers and melamine have stable operating rates and market conditions, and are cautious in purchasing urea, often purchasing at low prices.

3、 Future forecast

The urea analyst from Shengyi Society believes that the recent trend of the urea market is weak and downward, and the market is not optimistic. In the absence of an increase in demand, it is expected that the domestic urea market prices will continue to operate weakly in the short term.