1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of May 20th, the reference average price of domestic urea market was 1930 yuan/ton, which is 0.77% lower than the reference average price of 1945 yuan/ton on May 12th.
2、 Market analysis
market conditions
This week, the domestic urea market has been weak and declining. As of May 20th, the urea market prices in Shandong are around 1880-1940 yuan/ton, Hebei is around 1900 yuan/ton, Henan is around 1900 yuan/ton, Hubei is around 1910 yuan/ton, and Liaoning is around 1940 yuan/ton.
Supply and demand situation
In terms of supply, there is currently sufficient supply in the urea market, and some maintenance equipment has been restarted. In terms of demand, downstream compound fertilizer enterprises mainly purchase on demand, waiting for the release of summer fertilizer demand.
3、 Future forecast
The urea analyst from Shengyi Society believes that the recent downward trend in the domestic urea market is the main reason. At present, market transactions are limited and downstream demand follow-up is insufficient. At present, there is no positive news in the market, and it is expected that the domestic urea market will continue to be weak in the short term.
| http://www.pva-china.net |