1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of January 24th, the reference average price of the domestic urea market was 1735 yuan/ton, a decrease of 3.52% from the reference average price of 1798 yuan/ton on January 1st.
2、 Market analysis
This month, the domestic urea market price first fell and then rose. In the first half of this month, domestic urea prices fell weakly. The supply of urea in the market is relatively loose, and the market inventory has increased. Downstream demand is weak, and downstream consumers tend to be cautious and cautious. The market trading is light, with many low-priced transactions. In mid to late this month, the domestic urea market prices fluctuated and rose. The demand for pre holiday market replenishment has increased, market transaction volume has increased, and enterprise quotations have been raised.
market conditions
As of January 24th, the ex factory price of urea in Shandong region is around 1640-1685 yuan/ton, in Hebei region it is around 1750 yuan/ton, in Henan region it is around 1670 yuan/ton, and in Liaoning region it is around 1770 yuan/ton.
Supply and demand situation
On the supply side, the urea market has had loose supply this month. Partial regions have resumed production, resulting in an increase in daily urea production in China. On the demand side, in the first half of this month, due to the continuous decline in prices and cautious downstream procurement, there was not much market trading and a light trading atmosphere. In the second half of this month, downstream procurement enthusiasm increased and demand increased.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has been rising recently. As the Spring Festival approaches, downstream stocking demand remains high, coupled with the recent rise in urea futures prices. Under favorable factors, it is expected that the domestic urea market prices will remain stable with a moderate upward trend in the short term.
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