1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 30th, the reference average price of domestic urea market was 1892 yuan/ton, which is 0.91% higher than the reference average price of 1875 yuan/ton on May 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market price first rose and then fell. In the first half of this month, the domestic urea market showed a positive trend. The urea market has smooth shipments, good market trading, and stable prices. In the second half of this month, the domestic urea market is mainly experiencing a downward trend. The urea market has sufficient supply, but inventory remains high. The demand for urea in the market is insufficient, and downstream purchasing intentions have weakened, waiting for industrial and agricultural demand to follow up.
market conditions
As of May 30th, the urea market prices in Shandong are around 1840-1920 yuan/ton, Hebei is around 1830-1940 yuan/ton, Henan is around 1820-1910 yuan/ton, and Liaoning is around 1930 yuan/ton.
According to the weekly K-bar chart from March 3, 2024 to May 19, 2025, it can be seen that the domestic ammonium sulfate cycle is fluctuating. The largest increase in domestic urea in May was 2.49% in the week of May 5th, and the largest decrease was 1.27% in the week of May 19th.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has been fluctuating and consolidating recently. At present, the urea market is active in trading, with downstream demand following suit, but inventory pressure remains, coupled with poor futures market conditions. It is expected that in the short term, the domestic urea market price will be weak and mainly operated through consolidation.