1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 27th, the reference average price of domestic urea market is 1625 yuan/ton, which is 0.23% higher than the reference average price of 1621 yuan/ton on October 1st.
2、 Market analysis
Supply and demand situation
This month, the domestic urea market price first fell and then rose. In the first half of this month, the domestic urea market prices fell. The futures market is not good, the market supply is sufficient, and coupled with weak downstream demand, the urea market is weakening. In mid month, the domestic urea market prices fluctuated slightly and rose. The futures market has become stronger, and autumn procurement is coming to an end. Downstream buyers are following suit on urea dips, and the market trading atmosphere is good. At the end of this month, the domestic urea market prices continued to rise. The urea futures market is strengthening, and the spot market is following the trend of the futures market.
market situation
As of October 27th, the urea market prices in Shandong region are around 1570-1630 yuan/ton, Hebei region are around 1570-1630 yuan/ton, Henan region are around 1540-1600 yuan/ton, and Liaoning region are around 1600 yuan/ton.
According to the weekly K-bar chart from July 28, 2024 to October 20, 2025, it can be seen that the domestic urea cycle is characterized by ups and downs. The largest decline in domestic urea in October was -2.85% in the week of October 6th, and the largest increase was 1.27% in the week of October 20th.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has been strong and rising recently. At present, the trading atmosphere in the urea market is good, and downstream inquiries have increased. But with the continuous rise, the market’s cautious mentality has increased. The inventory of urea market is still at a high level, and the demand for industry and agriculture is still insufficient. It is expected that the short-term domestic urea market price consolidation and operation will be the main focus.