1、 Price trend
As of September 30th, the reference average price of small and medium-sized urea in the Shandong region is 1780 yuan/ton, which is 3.94% higher than the reference average price of 1712 yuan/ton on September 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market prices have fluctuated and risen. In the first half of this month, the urea market price continued to rise and then slightly rebounded. The export market for urea is improving, with rising prices of raw coal and reduced market supply. Supported by favorable factors, urea prices have significantly increased. In the second half of this month, the urea market price slightly increased after a weak decline. The urea plant is gradually resuming production, the market supply is sufficient, the urea inventory is high, and downstream compound fertilizer enterprises have insufficient purchasing enthusiasm.
market situation
As of September 30th, the urea market prices in Shandong are around 1720-1780 yuan/ton, Hebei is around 1780-1790 yuan/ton, Henan is around 1710-1750 yuan/ton, and Liaoning is around 1760-1800 yuan/ton.
3、 Future forecast
Analysts believe that there has been a slight adjustment in the urea market recently. At present, the market supply is sufficient, and the demand for autumn fertilizers has not been fully released. The market transaction atmosphere is average. It is expected that in the short term, the domestic urea market will mainly experience a narrow range of price consolidation and operation.
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