On March 27, 2026, the overall stability of domestic urea spot prices, with slight fluctuations in factory quotes in some regions. At present, the factory prices of most factories have been adjusted to within the guidance price limit, and the factory prices of small and medium-sized urea particles in mainstream areas continue to be maintained at 1800-1870 yuan/ton.

In terms of supply, the current daily production of urea remains below 220000 tons, and the operating rate is around 91%. Various regions require fertilizer storage enterprises to accelerate the release of reserve sources such as nitrogen, phosphorus, and compound fertilizers. In principle, all reserve fertilizers must be put on the market before the end of March, otherwise the qualification for the next round of storage will be cancelled, and the reporting hotline will be announced. With the increase of market supply, there is an expectation of a decline in urea prices.

In terms of demand, the demand for wheat green manure has ended, agricultural demand is gradually weakening, downstream procurement pace is slowing down, and industrial demand for essential materials such as compound fertilizers and boards is mainly focused on procurement.