The urea market is trading according to demand, with prices fluctuating narrowly.

The domestic urea market is fluctuating within a narrow range, with new orders following demand. On March 31, the average price of small and medium-sized granular urea in China was 1881 yuan/ton, up by 1 yuan/ton compared to March 24. In terms of supply, there are both equipment maintenance and restart, and with the gradual release of light storage sources, the supply remains at a high level. In terms of demand, agricultural fertilizers and appropriately priced replenishments, as well as the high start-up level of compound fertilizers and melamine in the industrial end, supplement raw material inventory in stages, and market demand support still exists. Currently, the domestic urea market is fiercely contested between supply and demand. With the support of pending orders, manufacturers have little inventory pressure and a strong price support mindset. In the short term, as temperatures rise, the demand for urea in industry and agriculture is expected to increase, but under supply pressure, the urea market may continue to fluctuate within a range, with some areas expecting a slight rise in prices.