I. Price trend
As of July 11, the average reference price of the domestic urea market was 2443 yuan/ton, which was 1.37% lower than the average reference price of 2477 yuan/ton on July 4.
II. Market analysis
Market situation
This week, the domestic urea market price was weak.
Supply and demand
In terms of supply, the current urea market supply is relatively sufficient, and the market is cautious and wait-and-see. In terms of demand, agricultural demand remains mainly rigid demand. The downstream compound fertilizer production is stable, and the demand for urea remains stable.
III. Market forecast
Huafu Chemicals Taike believes that the recent urea market is weak and volatile. At present, agricultural demand in summer is still there, but the urea market supply is relatively large, and downstream mainly buys on dips. It is expected that the domestic urea market price will fluctuate and run in the short term.
