1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of October 16th, the reference average price of the domestic urea market was 2193 yuan/ton, an increase of 0.27% compared to the reference average price of 2183 yuan/ton on October 8th.
2、 Market analysis
market conditions
After the holiday, the domestic urea market price first fell and then rose. As of October 16th, the ex factory price of urea in Shandong region is around 1760-1820 yuan/ton, in Hebei region it is around 1845 yuan/ton, in Henan region it is around 1830 yuan/ton, and in Hubei region it is around 1880 yuan/ton.
Supply and demand situation
The supply and demand balance in the urea market this week. In terms of supply, the urea market has sufficient supply this week, and the production of enterprises has remained at a high level. In terms of demand, downstream demand for replenishment is high, with low-priced procurement being the main focus, and market transactions are still acceptable. Mainstream enterprises still have pending orders.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has fluctuated narrowly in recent days. The rise in futures prices drives up prices in the spot market. At present, the trading atmosphere in the market is still good, and there has been an increase in transactions. It is expected that the domestic urea market will experience a strong upward trend in price in the short term.
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