Urea prices fluctuate narrowly, and rigid demand follows when prices drop.

The domestic urea market fluctuated narrowly, and new orders followed the market. On March 24, the average price of small and medium-sized urea in China was 1880 yuan/ton, a decrease of 0.37% from March 18. On the supply side, installations in Henan and Heilongjiang have stopped or reduced production, leading to a slight decrease in spot supply. The demand side, agricultural rigid demand is still acceptable, and businesses' follow-up tends to be short-term. Currently, the trading atmosphere in the domestic urea market is gradually improving, and the willingness to purchase rigid demands is still acceptable. Entering next week, with the gradual increase in temperature, the demand for rigid purchases in industry and agriculture is expected to increase, and there is still a small expectation of urea price rise in the domestic market.