Price trend
In June, the domestic comprehensive price of urea stopped falling and rose. The price was 0.45% compared with the price in May, and a year-on-year increase of 15.45%.
Analysis review
Upstream, the cost of urea had general support for urea. Downstream, the demand for urea in agriculture weakened, and the industry was mainly based on just-needed users. The daily production of urea decreased slightly and the supply was insufficient. In the market outlook, urea mainly rose in a narrow range.
Market outlook
In the future, it is expected that the ex-factory price of urea in Shandong may fluctuate upward slightly, and the average price of manufacturers' quotations will increase within 10%.