1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 23, the reference average price of domestic urea market was 1912 yuan/ton, which is 1.27% lower than the reference average price of 1936 yuan/ton on May 19.
2、 Market analysis
market conditions
The domestic urea market continued to decline this week. As of May 23rd, the urea market prices in Shandong are around 1850-1920 yuan/ton, Hebei is around 1880 yuan/ton, Henan is around 1890 yuan/ton, Hubei is around 1880 yuan/ton, and Liaoning is around 1920-1960 yuan/ton.
Supply and demand situation
In terms of supply, the urea market is currently well supplied, and inventory remains high. In terms of demand, downstream compound fertilizer companies are in urgent need of restocking and purchasing cautiously, waiting for the release of summer fertilizer demand.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent downward trend in the domestic urea market is the main reason. At present, there is insufficient market demand, and downstream purchasing intentions have weakened, waiting for industrial and agricultural demand to follow up. At present, the market is adopting a wait-and-see attitude, and it is expected that in the short term, the domestic urea price will be weak and the main trend will be consolidation and operation.