1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the reference average price of domestic urea market was 1615 yuan/ton, which is 1.57% higher than the reference average price of 1590 yuan/ton on November 3rd.
2、 Market analysis
market situation
This week, the domestic urea market prices have been running strong. Affected by export quotas and a new round of label printing, the urea futures and spot markets have risen. As of November 7th, the urea market prices in Shandong are around 1550-1620 yuan/ton, Hebei is around 1560-1600 yuan/ton, Henan is around 1530-1610 yuan/ton, Hubei is around 1540-1600 yuan/ton, and Liaoning is around 1620-1640 yuan/ton.
Supply and demand situation
This week, the domestic urea market has sufficient supply and increased demand. In terms of supply, the daily production of urea remains high, and supply pressure still exists. In terms of demand, after the recent phosphorus composite conference, the demand for winter storage of fertilizers has begun to advance, and the demand for downstream raw material procurement has increased.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent trend of the domestic urea market has been dominated. At present, the demand for urea in the market is improving, and the dual positive effects of exports and a new round of printing have increased the market’s optimism. It is expected that in the short term, domestic urea prices will mainly experience a strong upward trend.
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