1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the reference average price of domestic urea market was 1838 yuan/ton, which is 0.42% higher than the reference average price of 1834 yuan/ton on July 7th.
2、 Market analysis
market conditions
The domestic urea market continued to rise and then stopped rising and fell. This week, due to higher than expected printing prices, the optimism in the nitrogen fertilizer market has increased, boosting the domestic urea market and causing urea prices to rise. The urea market has seen a rise in trading volume and increased trading volume. Due to the decline in urea futures prices over the weekend, the urea spot market prices have fallen. As of July 14th, the urea market prices in Shandong are around 1780-1835 yuan/ton, Hebei is around 1760-1810 yuan/ton, Henan is around 1780-1840 yuan/ton, Hubei is around 1810 yuan/ton, and Liaoning is around 1870 yuan/ton.
Supply and demand situation
This week, the supply and demand of the domestic urea market remained stable. 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. At present, compound fertilizer manufacturers are following up on demand and are cautious about raw material procurement.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent trend of the domestic urea market has stopped rising and fallen. Market inventory remains high, coupled with the weakening of the futures market, downstream purchasing enthusiasm has weakened. It is expected that in the short term, the domestic urea price will be weak and mainly operated through consolidation.