1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of March 31st, the reference average price of the domestic urea market was 1997 yuan/ton, which is 5.55% higher than the reference average price of 1892 yuan/ton on March 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market price trend is dominant. The domestic urea market prices fell in the first half of this month. Downstream on-demand procurement, market transaction atmosphere is flat, and new order follow-up is limited. In mid to late this month, domestic urea prices began to continue to rise. The urea market has seen positive transactions, with active shipments from enterprises and reduced inventory levels. The downstream operating rate has increased, and the new order volume has also increased. Agricultural demand remains stable, while industrial demand has significantly increased.
market conditions
As of March 31st, the ex factory price of urea in Shandong region is around 1915-1950 yuan/ton, in Hebei region it is around 1920-1960 yuan/ton, in Henan region it is around 1950-1980 yuan/ton, and in Liaoning region it is around 1940-1970 yuan/ton.
3、 Future forecast
Business Society’s urea analyst believes that the urea market trend has been strong and rising recently. At present, the transaction volume in the urea market is improving, and the cautious mentality of downstream replenishment has increased after continuous increases. It is expected that in the short term, the domestic urea market price will remain stagnant and operate mainly.