1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 28th, the reference average price of domestic urea market is 2175 yuan/ton, which is 1.18% lower than the reference average price of 2201 yuan/ton on October 21st.

2、 Market analysis

market conditions

The domestic urea market prices have remained stable after a slight decline this week. As of October 28th, the ex factory price of urea in Shandong region is around 1770-1800 yuan/ton, in Hebei region it is around 1830 yuan/ton, in Henan region it is around 1800 yuan/ton, and in Hubei region it is around 1850 yuan/ton.

Supply and demand situation

The supply and demand balance in the urea market this week. In terms of supply, the urea market has sufficient supply this week, and the production of enterprises has remained at a high level. In terms of demand, downstream purchases are made on demand, with a focus on essential needs and limited market transactions.

3、 Future forecast

The urea analyst from Shengyi Society believes that the urea market has remained stable in recent days, with no significant fluctuations in the market. At present, there is no positive news in the urea market. It is expected that the domestic urea market will experience a narrow range of price consolidation and operation in the short term.