1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 17th, the reference average price of domestic urea market was 1582 yuan/ton, which is 0.64% higher than the reference average price of 1572 yuan/ton on October 13th.
2、 Market analysis
market situation
This week, the domestic urea market prices have slightly increased. This week, the urea futures market price has risen, and the spot market has followed the fluctuations of the futures market. As of October 17th, the urea market prices in Shandong are around 1520-1590 yuan/ton, Hebei is around 1550-1590 yuan/ton, Henan is around 1510-1570 yuan/ton, Hubei is around 1580 yuan/ton, and Liaoning is around 1620 yuan/ton.
supply and demand situation
This week, the supply and demand of the domestic urea market remained stable. In terms of supply, the daily production of urea is still high, and the market supply is sufficient. In terms of demand, the autumn procurement is coming to an end, and downstream consumers are following up on the low price of urea, creating a good market trading atmosphere.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market has been stabilizing recently. At present, there is no significant change in the supply and demand of the urea market, inventory remains high, and terminal demand still needs to be released. It is expected that the short-term fluctuation and consolidation of domestic urea prices will be the main trend.