1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of April 21st, the reference average price of domestic urea market was 1913 yuan/ton, which is 2.88% lower than the reference average price of 1970 yuan/ton on April 14th.
2、 Market analysis
market conditions
This week, the domestic urea market has been weak and declining. As of April 21st, the factory price of urea in Shandong region is around 1830-1860 yuan/ton, in Hebei region it is around 1820-1860 yuan/ton, in Henan region it is around 1810-1850 yuan/ton, in Hubei region it is around 1810-1850 yuan/ton, and in Liaoning region it is around 1820-1870 yuan/ton.
Supply and demand situation
On the supply side, some urea plants underwent maintenance this week, resulting in a decrease in market supply, but the urea market inventory remains sufficient. In terms of demand, the demand for spring plowing is gradually slowing down, and downstream procurement is cautious. The operating rate of compound fertilizer enterprises has declined, and the demand for urea procurement has weakened.
3、 Future forecast
Business Society’s urea analyst believes that domestic urea prices have been weak and declining recently. At present, the demand for urea in the market has decreased, and the demand for industry and agriculture has weakened, but inventory remains high. It is expected that the short-term domestic urea market will be weak and mainly operated through consolidation.
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