1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of February 26th, the reference average price of domestic urea market was 1881 yuan/ton, which is 2.06% higher than the reference average price of 1843 yuan/ton on February 21st.

2、 Market analysis

market conditions

This week, the domestic urea market prices have shown a strong upward trend. As of February 26th, the factory price of urea in Shandong region is around 1835-1860 yuan/ton, in Hebei region it is around 1850 yuan/ton, in Henan region it is around 1850 yuan/ton, in Hubei region it is around 1840 yuan/ton, and in Liaoning region it is around 1880 yuan/ton.

Supply and demand situation

On the supply side, the spot supply of urea market is tight this week, but the daily production is relatively sufficient. In terms of demand, it is currently the spring plowing and fertilizer preparation period, with strong agricultural demand and increased industrial demand. The urea market has good trading volume and increased trading volume.

3、 Future forecast

The urea analyst from Shengyi Society believes that the domestic urea market has been continuously rising in recent days. As urea prices continue to rise, downstream procurement tends to be cautious. The demand side support is good, and the market still maintains an optimistic attitude. It is expected that the domestic urea market price will remain stable and rise in the short term.