1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of November 22, the reference average price of the domestic urea market was 1981 yuan/ton, which is 0.13% lower than the reference average price of 1983 yuan/ton on November 18.

2、 Market analysis

market conditions

This week, the domestic urea market price first suppressed and then rose, with a narrow adjustment in operation. As of November 22, the ex factory price of urea in Shandong region is around 1780-1810 yuan/ton, in Hebei region it is around 1820 yuan/ton, in Henan region it is around 1810 yuan/ton, in Hubei region it is around 1830 yuan/ton, and in Guangdong region it is around 1965 yuan/ton.

Supply and demand situation

This week, the urea market has strong supply and weak demand. On the supply side, the urea market supply continued to increase this week, and there is currently a high inventory in the market. In terms of demand, downstream procurement is the main focus, with many low-priced transactions, and demand follow-up needs to be improved.

3、 Future forecast

The urea analyst from Shengyi Society believes that the urea market in Shandong has seen a slight increase in recent days, while other regions are stabilizing. At present, the market supply is loose, the market transactions are still acceptable, and downstream buyers are cautious in following orders. It is expected that in the short term, the domestic urea market will mainly experience weak price consolidation and operation.