1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of July 11th, the reference average price of domestic urea market was 2443 yuan/ton, which is 1.37% lower than the reference average price of 2477 yuan/ton on July 4th.
2、 Market analysis
market conditions
This week, the domestic urea market prices have been running weakly. As of July 11th, the ex factory price of urea in Shandong region is around 2240-2280 yuan/ton, in Hebei region it is around 2280 yuan/ton, and in Henan region it is around 2290 yuan/ton.
Supply and demand situation
In terms of supply, the urea market currently has sufficient supply, and the market has a strong cautious and wait-and-see attitude. In terms of demand, agricultural demand remains primarily driven by essential needs. The downstream compound fertilizer production is stable, and the demand for urea remains stable.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has been weak and volatile in recent days. At present, the demand for summer agriculture is still high, but there is more supply in the urea market, and downstream purchases are mainly made at low prices. It is expected that the domestic urea market prices will fluctuate and consolidate in the short term.
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