8.26尿素日评：市场需求推进不足，价格在博弈中寻找方向

Core Viewpoint - The urea market is experiencing a downward trend in prices, with both spot and futures prices showing weakness due to low demand and lack of supportive factors in the market [4][5]. Group 1: Urea Price Index and Market Trends - As of August 26, the urea small particle price index is 1768.18, down 7.27 from the previous day, reflecting a 0.41% decrease month-on-month and a 16.11% decrease year-on-year [1]. - The urea futures market shows a slight decline, with the UR2601 contract closing at 1737, down 9 from the previous trading day's settlement price, indicating a 0.52% decrease [4]. Group 2: Spot Market Analysis - The domestic urea market is operating weakly, with some regions experiencing slight price reductions. The overall sentiment remains cautious, and prices are likely to continue to decline [5]. - Specific regional prices as of August 26 include: Northeast at 1720-1750 CNY/ton, East China at 1690-1720 CNY/ton, and North China at 1610-1760 CNY/ton [6][7]. Group 3: Regional Price Movements - In the Northeast, prices fell to 1730 CNY/ton in Jilin and 1740 CNY/ton in Liaoning, while in North China, prices remained stable at 1610 CNY/ton in Shanxi [6]. - In South China, the price in Guangdong is around 1860-1880 CNY/ton, reflecting a decrease from the previous working day [7].