1、 Price trend
As of September 15th, the reference average price of urea market in Shandong Province, China was 1802 yuan/ton, an increase of 5.26% compared to the reference average price of 1712 yuan/ton on September 1st.
2、 Market analysis
market situation
The domestic urea market was relatively strong and rose in the first half of this month. The export market for urea is improving, with rising prices of urea raw material coal and reduced market supply. Supported by favorable factors, urea prices have significantly increased. Recently, due to the release of the third batch of urea export quotas, urea prices have risen again. As of September 15th, the urea market prices in Shandong are around 1760-1810 yuan/ton, Hebei is around 1740-1780 yuan/ton, Henan is around 1760-1820 yuan/ton, Hubei is around 1720-1770 yuan/ton, and Liaoning is around 1800-1850 yuan/ton.
Supply and demand situation
In terms of supply, some enterprises have undergone equipment maintenance, and the operating rate of urea enterprises has decreased, but inventory remains high. In terms of demand, downstream compound fertilizer enterprises purchase on demand, while industrial and agricultural demand remains flat, with no significant improvement on the demand side.
3、 Future forecast
Analysts believe that the domestic urea market trend has been relatively strong recently. At present, the demand side support of the urea market is insufficient, but the export volume of urea is beginning to increase, coupled with the approaching autumn fertilizer preparation. It is expected that the domestic urea market will continue to experience strong fluctuations in the short term.