On the previous trading day, the spot price of urea in Shandong decreased. The daily average urea production in the past week has been 162200 tons, showing an increase of 4700 tons month-on-month and 1900 tons year-on-year. The preliminary maintenance has gradually ended, and daily production will rebound in the short term. In September, the demand for wheat fertilizer increased, and industrial-end compound fertilizer started at a high level. In terms of exports, India has issued a new tender, but there is news of supply guarantee in the domestic market, which increases the uncertainty of exports in the later stage. Recently, the inventory of enterprises has decreased month-on-month and is relatively low compared to the same period last year. Domestic demand is acceptable, but exports are expected to be lowered, and it is recommended to wait and see.