1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of July 29th, the reference average price of domestic urea market was 1817 yuan/ton, which is 0.95% lower than the reference average price of 1835 yuan/ton on July 22nd.
2、 Market analysis
market conditions
This week, the domestic urea market prices have weakened and fallen. This week, the urea futures market prices have declined, and the spot market has followed the trend of weak trading in the futures market. The urea market has sufficient supply, and downstream compound fertilizer enterprises mainly replenish their essential needs. As of July 29th, the urea market prices in Shandong are around 1750-1830 yuan/ton, Hebei is around 1750-1790 yuan/ton, Henan is around 1740-1770 yuan/ton, Hubei is around 1770 yuan/ton, and Liaoning is around 1780 yuan/ton.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market has been weak and declining recently. At present, the futures market is performing poorly, with overall inventory remaining high and demand not fully released. It is expected that in the short term, the domestic urea price will be weak and mainly operated through consolidation.