Product Name: Urea

Latest price (July 13th): 2,376.25 RMB/ton

Analysis review

On July 13th, the comprehensive price of urea in China slightly increased, with a price increase of 48.75 RMB/ton or 2.09% compared to July 12th, and a year-on-year decrease of 10.33%. The price of upstream Yangquan Anthracite (washing, medium, block) was about 920 RMB/ton, with low consolidation and general cost support. The rise in international urea prices had driven up domestic urea prices. At the same time, agricultural demand was good, while industrial procurement was mainly in demand. Urea supply was sufficient, and manufacturers issued orders smoothly.

Market outlook

In the future, it is expected that the domestic urea market price may fluctuate and rise slightly, with an average market price of around 2,400 RMB/ton.

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