I. Price Trend
According to the commodity market analysis system of Business Society, as of January 16, the domestic urea market reference average price was 1,767 yuan/ton, compared to the market reference average price of 1,745 yuan/ton on January 12. This represents an increase of 1.29% in the domestic urea market price.
II. Market Analysis
Market Situation
This week, domestic urea market prices showed a strong upward trend. As of January 16, urea market quotations in Shandong region were around 1,730–1,770 yuan/ton, in Hebei region around 1,760 yuan/ton, in Henan region around 1,720–1,760 yuan/ton, in Hubei region around 1,720–1,750 yuan/ton, and in Liaoning region around 1,740–1,790 yuan/ton.
Supply and Demand Situation
Both supply and demand for urea increased this week. On the supply side, some urea production facilities resumed operations, leading to a slight increase in daily output and relatively sufficient supply. On the demand side, downstream compound fertilizer manufacturers replenished their inventories, resulting in a slight increase in demand and higher transaction volumes in the market.
III. Future Outlook
Business Society urea analysts believe that the urea market has recently shown a strong upward trend. Currently, both supply and demand for urea are increasing, and market sentiment remains optimistic. It is expected that domestic urea market prices will continue to show a strong consolidation trend in the short term.
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