According to Zhuochuang Information, the domestic urea market saw a slight increase, with good performance in new orders.
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April 14, the average market price of urea for small and medium granules in China was 1,885 yuan/ton, up 0.11% compared to April 7. On the supply side, there were short-term outages or production cuts in Inner Mongolia and other regions, causing a slight decline in local spot supply. On the demand side, agricultural rigid demand is following up fairly well, while industrial demand is more active. The current domestic urea market sees a good trading atmosphere, with strong willingness for just-in-time procurement. Looking ahead to next week, as temperatures gradually rise, both agricultural and industrial procurement needs are expected to continue, and there is still a slight probability of a further increase in domestic urea prices.
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