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China's small particle urea price index rose 0.14% to 2,527.86 on November 29 but was down 10.45% year on year. Urea futures UR2401 closed at 2,289, down 0.95%, as factories raised quotes to manage order inflows.
Firmer factory quotes and expected winter shutdowns in the southwest could tighten nitrogen supply, but weak agricultural demand keeps prices range-bound near term. A rebound is expected by February.
fdd-global.comFeidoodooNov 30, 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.
