1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of February 27th, the reference average price of domestic urea market was 1892 yuan/ton, which is 8.63% higher than the reference average price of 1741 yuan/ton on February 1st.

2、 Market analysis

This month, the domestic urea market prices have shown a strong upward trend. Starting after the Spring Festival, the demand for urea in the domestic market began to increase. At present, it is the peak season for spring plowing, with an increase in agricultural demand and industrial demand. The urea market transactions are improving, and enterprise shipments are smooth.

market conditions

As of February 27th, the ex factory price of urea in Shandong region is around 1820-1860 yuan/ton, in Hebei region it is around 1840 yuan/ton, in Henan region it is around 1830 yuan/ton, and in Liaoning region it is around 1880 yuan/ton.

According to the weekly K-bar chart from December 2, 2024 to February 17, 2025, it can be seen that the domestic ammonium sulfate cycle is fluctuating. In February, domestic urea prices rose significantly, with the largest increase being 1.77% in the week of February 2nd and 10th,

Supply and demand situation

In terms of supply, the urea market has remained stable this month, with some regions experiencing tight supply and high daily urea production in China. In terms of demand, the demand for urea has been continuously increasing this month, and downstream procurement enthusiasm has increased, resulting in an increase in market transaction volume. At present, there is strong support from the domestic urea supply and demand side.

3、 Future forecast

Business Society’s urea analyst believes that the urea market trend has continued to rise recently. The transaction volume in the urea market is improving, and downstream replenishment is active. But as urea prices continue to rise, the cautious mentality of downstream procurement increases. It is expected that in the short term, the domestic urea market will mainly experience a narrow range of price consolidation and operation.