Urea Resin Price Trend and Forecast
                     Urea Resin Price Trend and Forecast
The price of Urea Resin in the US market kept going down during Q4 
because of the steep drop in the price of raw materials during the 
fourth quarter. The Urea Resin price continued to drop because of poor 
trade fundamentals and lackluster demand. In November 2022, 
feedstock natural gas prices decreased by around 15%, and this pattern 
persisted into December, according to the figures. Moreover, the 
market is witnessed a steep drop in consumption from the downstream 
preservative industry. Weak benchmark futures and low purchasing 
activity prevailed in the market sentiments. The Urea-Formaldehyde 
Resin market continued to transact at a slower pace, and low market 
fundamentals further supported the downtrend of the market.
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The pricing trend for Urea Resin in the Asia-
Pacific region remained low in Q4 due to a lack 
of demand from downstream fertilizer markets. 
There were high expectations for the demand 
for Urea Resin fertilizer during India's rabi 
season in October, but demand remained low. 
The demand for Urea – formaldehyde resin was 
sluggish, and the supply was loose, which 
declined the Urea-Formaldehyde prices in the 
Chinese market. The downstream enterprises 
had sufficient inventories to fulfill the market 
requirement. Affected by bearish market trends, 
such as high inventories, sluggish domestic 
demand, and limited demand, regional Urea 
Resin prices declined with weak market 
fundamentals. Because of the decline in 
demand from industrial and agricultural clients 
in the APAC region, Q4 has historically been one 
of the weakest seasons for Urea Resin pricing.
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20
Urea Resin Supply in Global Market Online
Pricing rend for 
Urea Resin in 
Europe until the 
fourth quarter of 
2022
•There have been differing views on the pricing 
trend for Urea Resin in Europe until the fourth 
quarter of 2022 due to the continued volatility of 
natural gas prices and the feedstock ammonia. 
The urea-Formaldehyde Resin market moved 
lower as oversupply, and low interest from the 
preservative sector suppressed any sparkles of 
movement. Additionally, the supply chain was in 
chaos as a result of conflicting opinions regarding 
freight prices and the limited number of available 
containers. Russia increased the import quotas 
for all nitrogen fertilizers in November, which 
helped to boost the domestic supply. The fourth 
quarter's shifting demand was consistent with 
how the downstream fertilizer market reacted.
•https://www.chemanalyst.com/Pricing-data/ur
ea-resin-1520
Demand of Urea Resin in North America
Urea Resin 
Price Trend 
and Forecast
The pricing trend for Urea Resin in the Asia-Pacific region 
remained low in Q4 due to a lack of demand from 
downstream fertilizer markets
The price of Urea Resin in the US market kept going down during The pricing trend for Urea Resin in the Asia-Pacific region remained low 
Q4 because of the steep drop in the price of raw materials in Q4 due to a lack of demand from downstream fertilizer markets. 
during the fourth quarter. The Urea Resin price continued to drop There were high expectations for the demand for Urea Resin fertilizer 
because of poor trade fundamentals and lackluster demand.  during India's rabi season in October, but demand remained low
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