Today, the domestic urea spot market continues to maintain a firm trading trend.

Today, the domestic urea spot market continues to operate steadily. Under the constraints of supply assurance and price stabilization policies, most companies maintain stable quotes, but due to inventories being at historically low levels, the spot market remains tight, with small premiums appearing in some regions. Rumors of exports continue to disturb market sentiment; however, given the tight supply and demand and low inventory levels, export policies are unlikely to be implemented in the short term. From a fundamental perspective, the supply side remains at a high level; on the demand side, agricultural spring plowing fertilizers have basically ended, and the market is gradually entering a seasonal lull, with the pull from agricultural demand significantly weakening. However, industrial demand still exists, with current compound fertilizer companies mainly producing high-nitrogen fertilizers, continuing the rigid demand procurement pace, and becoming the main force in current urea procurement. Overall, supported by pending orders and low inventories, companies in the current urea spot market maintain firm quotes, and it is expected that the market will continue to operate at a high level in the short term. Future recommendations should focus on the sustainability of industrial demand support and the actual impact of changes in export policy expectations on the supply and demand pattern. (FeiduoDuo)