# Urea Daily Review: Cautious New Order Transactions, Urea Prices Downward Adjustment

> 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.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/10279-urea-daily-review-cautious-new-order-transactions-urea-prices-downward
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

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.

## Read by commodity

- UREA: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/urea-daily-review-cautious-new-order-transactions-urea-prices-downward-adjustment.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.