1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of May 9th, the reference average price of domestic urea market was 1921 yuan/ton, which is 2.49% higher than the reference average price of 1875 yuan/ton on May 5th.
2、 Market analysis
market conditions
This week, the domestic urea market has shown a strong upward trend. As of May 9th, the urea market prices in Shandong are around 1840-1940 yuan/ton, Hebei is around 1870-1970 yuan/ton, Henan is around 1850-1910 yuan/ton, Hubei is around 1850-1930 yuan/ton, and Liaoning is around 1860-1910 yuan/ton.
Supply and demand situation
In terms of supply, the urea market has sufficient supply this week, and inventory pressure is still present, with stable shipments from enterprises. In terms of demand, the market transaction atmosphere is good this week, and downstream demand is still following up. But after continuous increases, the downstream cautious mentality has increased.
3、 Future forecast
The urea analyst from Shengyi Society believes that the domestic urea market trend has been improving recently. At present, the urea market is experiencing smooth shipments and good market trading, awaiting the release of export news. It is expected that the domestic urea market prices will remain strong in the short term.