1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 28th, the reference average price of the domestic urea market was 1717 yuan/ton, a decrease of 5.24% from the reference average price of 1812 yuan/ton on August 1st.
2、 Market analysis
Supply and demand situation
The domestic urea market has been weak and declining this month. In the first half of this month, the domestic urea market prices mainly declined. The urea futures market price has fallen, and the spot market has followed the weakening trend of the futures market. The urea market has sufficient supply but relatively weak demand. In mid month, the domestic urea market price slightly increased. Market inventory remains high, and futures prices are rising. At the end of this month, the domestic urea market prices rapidly declined. The futures market is not performing well, and the agricultural demand for urea in autumn has entered the off-season. The trading atmosphere in the urea market has weakened, with a small amount of downstream purchases and no significant improvement in demand.
market situation
As of August 28th, the urea market prices in Shandong are around 1680-1720 yuan/ton, Hebei is around 1690-1730 yuan/ton, Henan is around 1660-1720 yuan/ton, and Liaoning is around 1740 yuan/ton.
According to the weekly K-bar chart from June 2, 2024 to August 18, 2025, it can be seen that the domestic urea cycle is characterized by ups and downs. Domestic urea fell significantly in August, with the largest drop being -1.1% in the week of August 4th.
3、 Future forecast
Business Society’s urea analyst believes that the urea market has rebounded slightly after a continuous decline in recent days. At present, the supply of urea in the market is still at a high level, the demand for agriculture is weakening, and downstream demand is mainly replenished, resulting in low purchasing enthusiasm. It is expected that the domestic urea market will experience a weak consolidation and operation in the short term.