Blogs
QINGYUAN CHEMICAL
02
2026
-
07
Daily Urea Market Review
Spot market prices rise slightly; futures market trends downward with volatility
Market Commentary and Outlook:
Today, the national urea spot market saw slight price increases amidst overall stability. In the Northwest, ex-factory and market prices edged up, driven by fluctuations in production facilities and a pickup in localized agricultural demand, leading to a slight warming of trading activity. Meanwhile, consumption regions such as the Northeast and South China remained stable; purchasing was driven primarily by essential end-user demand, while traders held quotes steady and adopted a wait-and-see approach, resulting in no significant surge in new order volumes.
Regarding manufacturers, most enterprises in Xinjiang maintained previous price levels, while some facilities in Ningxia continued to suspend quoting. A few companies in Henan slightly lowered ex-factory prices, but quotes from enterprises in other major production regions remained largely flat, reflecting a balance between the desire to support prices and pressure to move inventory. Looking ahead, the pace of agricultural fertilizer stockpiling varies significantly by region, and operating rates for industrial compound fertilizer plants remain low. Coupled with the absence of new policy signals regarding exports, overall supply remains ample relative to demand. Consequently, the domestic urea market is expected to experience narrow-range fluctuations in the short term, with mixed regional price movements driven by differing supply-demand dynamics; a clear directional trend awaits new market drivers to materialize.
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