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Domestic urea prices were mixed and mostly weak on November 15, with some Shandong and Hebei producers cutting prices by 10-20 yuan per tonne. Producer inventories stood at 1.82-1.84 million tonnes, up 16.68% year on year, while compound fertilizer plant utilization fell to about 24% in the off-season.
Indian urea inventories rose 42.94% year on year, which may weaken export purchasing.
Heavy domestic stocks and softer Indian demand cap urea prices in the short term, and China's export outlook is at risk. Traders will watch Indian tenders and winter stockpiling for the next price direction.
finance.sina.com.cnNov 15, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
