According to SCI99, the average daily production of urea from April 1 to 7 was about 223,000 tons, an increase of approximately 12.1% year-on-year.

Production supply is at a recent high. Market agricultural demand in 2026 is expected to be strong, with industry feedback indicating that actual agricultural demand is better than anticipated. This is also why prices have remained firm this year, even under abundant supply conditions. As of April 7, the average market price for small and medium-sized pellets in China in April was approximately 1,881.45 yuan/ton, up 0.31% from March and down 0.71% year-on-year. Some downstream restocking and positive futures sentiment have resulted in strong order-taking for manufacturers. Due to multiple limiting factors, mainstream market prices fluctuated within a 30 yuan/ton adjustment range.