1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of April 10th, the reference average price of urea market in Shandong Province, China was 1872 yuan/ton, which is 0.40% higher than the reference average price of 1865 yuan/ton on April 1st.
2、 Market analysis
market situation
The domestic urea market price fluctuated slightly in early April. As of April 10th, the urea market prices in Shandong are around 1840-1900 yuan/ton, Hebei is around 1830-1870 yuan/ton, Henan is around 1810-1880 yuan/ton, Hubei is around 1860-1890 yuan/ton, and Liaoning is around 1850-1900 yuan/ton.
Supply and demand situation
In terms of supply, this week’s urea market supply, combined with an operating rate of around 90%. In terms of demand, the peak season for spring plowing is coming to an end, and market demand is decreasing. Downstream essential procurement is the main focus, and the operating rate of compound fertilizer enterprises has increased, resulting in an increased demand for urea procurement.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has been stabilizing recently. The international urea market has surged, while the domestic urea market has not experienced significant fluctuations, with a noticeable price difference. Under the policy of ensuring the price and supply of fertilizers in China, it is expected that the short-term domestic urea market will experience narrow fluctuations and rising prices.