SunSirs: The Domestic Urea Market Had Stopped Falling (January 6-13)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of January 13th, the reference average price of the domestic urea market was 1,721 RMB/ton, which was 0.58% higher than the reference average price of 1,711 RMB/ton on January 6th.

Analysis review

Market conditions

The domestic urea market price has slightly rebounded after a decline this week. As of January 13th, the factory price of urea in Shandong region was around 1,580-1,620 RMB/ton, in Hebei region it was around 1,660 RMB/ton, in Henan region it was around 1,620 RMB/ton, in Hubei region it was around 1,610 RMB/ton, and in Liaoning region it was around 1,710 RMB/ton.

Supply and demand situation

The supply and demand balanced in the urea market this week. On the supply side, urea supply was sufficient this week, and market inventory remained loose. In terms of demand, downstream purchases were made on demand, seeking lower prices for purchases. Urea companies had stable shipments, and market trading volume has increased.

Market outlook

SunSirs' urea analyst believes that the domestic urea market has recently stopped falling and stabilized. Although there has been a slight rebound, there was still no significant positive news in the market. It is expected that the domestic urea market will mainly consolidate within the price range in the short term.

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