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Urea Market Monthly Review In Nov. 2023

urea market

In the domestic urea market this month, the mainstream market prices have risen, with fluctuations occurring during this period. Some maintenance facilities on the supply side have resumed production, leading to an increase in spot supply.

During this period, there were various news reports, causing unstable market sentiment among traders. As a result, businesses have been buying additional stock at lower prices to replenish their inventory.

According to data information, the average monthly price of urea in China has increased by 3.75% compared to the previous month (changing from a decrease to an increase), but has decreased by 3.75% compared to the same period last year.

Remark: The analysis is based on transaction in China’s domestic market, it’s only for reference.

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