1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the reference average price of domestic urea market is 2183 yuan/ton, which is 0.42% lower than the reference average price of 2193 yuan/ton on November 1st.
2、 Market analysis
market conditions
In the first week of November, the domestic urea market price first fell and then rose. As of November 7th, the ex factory price of urea in Shandong region is around 1800-1820 yuan/ton, in Hebei region it is around 1840 yuan/ton, in Henan region it is around 1830 yuan/ton, and in Hubei region it is around 1860 yuan/ton.
Supply and demand situation
This week, there has been a decrease in supply and limited demand in the urea market. On the supply side, there has been a decrease in urea market supply this week, with some companies undergoing equipment maintenance and a high volume of pending orders. In terms of demand, downstream purchases are made on demand, mainly for essential needs, and market transactions are still acceptable.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has seen a slight increase in recent days, and market transactions have improved. At present, urea inventory remains high, and downstream demand follow-up is limited. It is expected that in the short term, the domestic urea market will mainly experience a narrow range of price consolidation and operation.
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