1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of June 27th, the reference average price of domestic urea market was 1827 yuan/ton, which is 0.16% higher than the reference average price of 1824 yuan/ton on June 23rd.
2、 Market analysis
market conditions
This week, the domestic urea market experienced a decline followed by an increase. At the beginning of this week, the urea market lacked positive support and urea prices fell. On Wednesday, the market reported an increase in urea export quotas, causing the urea futures market to rise and the urea spot market price to begin to rise. As of June 27th, the urea market prices in Shandong are around 1770-1845 yuan/ton, Hebei is around 1800 yuan/ton, Henan is around 1800 yuan/ton, Hubei is around 1780-1820 yuan/ton, and Liaoning is around 1890 yuan/ton.
Supply and demand situation
On the supply side, some companies underwent equipment maintenance this week, resulting in a decrease in daily production, but the supply of urea in the market remains loose. In terms of demand, downstream essential fertilizer preparation is the main focus. This week, the operating rate of compound fertilizer enterprises has decreased, resulting in a decrease in demand for urea. Industrial demand maintains essential replenishment.
3、 Future forecast
Business Society’s urea analyst believes that the domestic urea market has been trending upwards recently. At present, urea manufacturers are mainly raising prices, market inventory remains high, and market demand still needs to be released. It is expected that the short-term consolidation of domestic urea prices will be the main trend.