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Zhuochuang Information: Urea demand continues to grow, driving the price center upward
The domestic urea market is steadily rising, with new orders following suit. On March 3, the average price of small granular urea in China was 1,853 yuan/ton, up 2.04% from last Tuesday. On the supply side, maintenance facilities in Shanxi and other regions have gradually resumed production, with daily output rising above 220,000 tons. On the demand side, as spring plowing approaches, agricultural fertilizer needs continue to follow up, and downstream enterprises such as compound fertilizer and panel manufacturers are gradually increasing operations, boosting overall demand support. Currently, domestic urea demand is significantly increasing, market activity is rising, and many manufacturers hold certain pending orders, with little production and sales pressure, leading to a higher price center. As spring plowing approaches, some downstream demand still follows up, and it is expected that domestic urea prices will continue to rise slightly in the short term. (Zhuochuang Information)