1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of September 10th, the reference average price of the domestic urea market was 2125 yuan/ton, which is 2.21% lower than the reference average price of 2173 yuan/ton on September 1st.
2、 Market analysis
market conditions
The domestic urea market prices have fallen this week. As of September 10th, the ex factory price of urea in Shandong region is around 1840-1880 yuan/ton, in Hebei region it is around 1890 yuan/ton, in Henan region it is around 1880 yuan/ton, and in Hubei region it is around 1900 yuan/ton.
Supply and demand situation
This week, the urea market is oversupplied. In terms of supply, the urea market has ample supply this week. In terms of demand, agriculture and industry maintain a focus on essential needs. Downstream purchases of urea are relatively cautious, with low price transactions being the main focus in the market.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has been weak and downward recently, with a decrease in market inquiries and limited transactions. At present, the demand side has not been released yet, and the market has strong supply and weak demand. It is expected that the domestic urea market prices will continue to weaken and decline in the short term.
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