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China has issued export quotas for urea after banning many fertilizer exports in March to protect domestic supply. Chinese producers confirmed receiving quotas, and India is expected to be a major buyer.
Renewed Chinese urea exports add meaningful supply to a market tightened by the Hormuz disruption, which should ease global nitrogen prices.
hydrocarbonprocessing.comMay 1, 2026After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
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.
China issuing fresh urea export quotas on May 1 eases a major supply constraint and likely triggered the sharp one-day price drop.
China issuing fresh urea export quotas (reported around Apr 30-May 1) signals new supply reaching the market, which plausibly triggered the sharp one-day price drop.
