Sinopec News: Urea Market Trading on Demand, Prices Fluctuate Slightly

The domestic urea market is experiencing narrow fluctuations, with new orders being followed up as needed.
On March 31, the average price of small granular urea in China was 1,881 yuan per ton, up 1 yuan per ton compared to March 24.
In terms of supply, equipment maintenance and resumption of production coexist, and as seasonal storage sources are gradually released, supply remains at a high level.
On the demand side, agricultural fertilizer preparations and appropriate-priced fertilizer replenishments are ongoing, while industrial-grade compound fertilizers and melamine production are operating at relatively high levels, temporarily supplementing raw material inventories, and market demand still has support.
Currently, the supply and demand game in the domestic urea market is intense; supported by pending orders, manufacturers face little inventory pressure and hold a strong stance on price stability.
In the short term, as temperatures rise, the demand for procurement from industry and agriculture increases, but under supply pressure, the urea market may continue to fluctuate within a range, with some expectations of a slight increase in certain areas.
( Zhuochuang Information )