卓创资讯: Urea prices steadily rising, agricultural demand remains strong

The domestic urea market is steadily rising, with new orders from agriculture following the positive trend. On February 24, the average price of small granular urea in China was 1,816 yuan/ton, up 0.78% compared to before the holiday. On the supply side, production has gradually resumed after maintenance of gas-based plants in Inner Mongolia and other regions, resulting in relatively ample spot supply. On the demand side, agricultural needs are actively following up, and merchants are more willing to buy on dips as needed. Currently, the domestic urea market trading atmosphere is gradually improving, and the willingness for urgent procurement remains moderate. As temperatures rise again next week, the demand from industrial and agricultural sectors is expected to increase, and there is still an upward price trend forecast for domestic urea. (Zhuochuang Information)