Urea Market Trends in February Show a Strong, Rising Trend

February 27 News

I. Price Trends

According to the commodity market analysis system, as of February 27, the reference average price of urea in the Chinese market was 1,835 CNY/ton, an increase of 2.95% from the reference average price of 1,782 CNY/ton on February 1.

II. Market Analysis

Supply and Demand Situation

This month, the urea market price in China showed a strong upward trend. The supply of urea in the market remained ample this month. At the beginning of the month, the urea futures market weakened, and coupled with moderate downstream demand, the urea price in China slightly decreased. As the futures market gradually strengthened, the pre-holiday stocking demand from downstream increased, and the urea price in China began to rise. During the Spring Festival, the Indian tender price for urea was announced, showing an increase. After the holiday, with the follow-up of industrial and agricultural demand, the upward momentum in the urea market intensified.

Market Conditions

As of February 27, urea market prices in the Shandong region of China were around 1810-1860 CNY/ton, in the Hebei region 1800-1850 CNY/ton, in the Henan region 1780-1830 CNY/ton, and in the Liaoning region 1780-1820 CNY/ton.

According to the weekly K-bar chart from December 1, 2025, to February 16, 2026, the price of urea in China fluctuated. In February, the price of urea in China increased more, with the largest increase occurring in the week of February 9, at 0.98%.

III. Future Market Forecast

Urea analysts believe: Recently, the urea market has been consolidating with a strong trend. As spring plowing and fertilization approaches, the demand for urea in China is increasing, and there are ample pending orders in the market. It is expected that in the short term, the price of urea in China will mainly stabilize with an upward trend.