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China's domestic urea price index was 2,533.91 on November 27, down 0.57% week on week and 9.87% year on year. Urea futures UR2401 closed at 2,285, up 0.40%, with cautious spot order flow.
Soft domestic Chinese urea prices and high supply weigh on global nitrogen values, with limited upside until demand improves. Reduced gas-based output could tighten supply later.
fdd-global.comFeidoodooNov 28, 2023Not 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.
