Price trend

According to the Commodity Market Analysis System of ,, as of September 30th, the reference average price of the domestic urea market was 2157 RMB/ton, which was 0.74% lower than the reference average price of 2,172 RMB/ton on September 1st.

Analysis review

Market conditions

In September, the domestic urea market prices fluctuated and fluctuated. As of September 30th, the ex factory price of urea in Shandong region was around 1,810-1,840 RMB/ton, in Hebei region it was around 1,860-1,880 RMB/ton, in Henan region it was around 1,830-1,860 RMB/ton, and in Liaoning region it was around 1,900 RMB/ton.

According to the weekly K-bar chart from July 1, 2024 to September 23, 2024, it can be seen that the domestic ammonium sulfate cycle was fluctuating. There was a significant increase in September, with the largest increase being 1.12% in the week of September 9th.

Supply and demand situation

In terms of supply, the urea market had ample supply this month. In terms of demand, agricultural demand maintained rigid procurement, and downstream purchases of urea were more cautious, with many low-priced transactions. As of September 30th, the market supply and demand were relatively balanced, and there was a strong wait-and-see atmosphere.

Market outlook

SunSirs' urea analyst believes that the urea market had seen a slight increase in recent days. The demand for pre holiday stocking has increased, resulting in slight fluctuations in urea prices. It is expected that the domestic urea market will experience a narrow range of price consolidation and operation in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.