# China's urea futures hit lowest since 2023 amid oversupply, export curbs

> China's most-active urea futures on the Zhengzhou exchange fell 2.2% to 1,670 yuan per tonne, the lowest in over a year. New customs rules on small-packaged fertilizers and continued export curbs added pressure amid rising inventories and capacity expansion.

- Date: 2025-01-03 · published 2025-01-03T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/11883-china-s-urea-futures-hit-lowest-since-2023-amid-oversupply-export-curbs
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Chinese oversupply and export restrictions weigh on global urea prices, although Asian buyers are shifting to other suppliers, which limits the downside.

## Read by commodity

- UREA: bearish ▼
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-01-06 | [China's urea futures hit lowest since 2023 amid oversupply, export curbs](https://feedsoft.ai/events/11884-china-s-urea-futures-hit-lowest-since-2023-amid-oversupply-export-curbs.md) | +4.0% | +14.8% |
| UREA | 2025-05-12 | [Urea Market Hit by Chinese Export Uncertainty \| CZ app](https://feedsoft.ai/events/24591-urea-market-hit-by-chinese-export-uncertainty-cz-app.md) | -0.4% | -23.4% |
| UREA | 2026-05-27 | [China allows fresh urea exports amid Iran war-fuelled fertiliser crisis, sources say \| MarketScreener](https://feedsoft.ai/events/19173-china-allows-fresh-urea-exports-amid-iran-war-fuelled-fertiliser-crisis-sources.md) | -21.1% | -31.2% |
| UREA | 2026-06-02 | [China’s 2026 Urea Export Policy: From $660/t Price Floor to 3.3M-Tonne Quota - Fertilizer Daily](https://feedsoft.ai/events/7281-china-s-2026-urea-export-policy-from-660-t-price-floor-to-3-3m-tonne-quota.md) | -8.2% | -16.1% |
| UREA | 2023-11-27 | [China Agrees Fertiliser Export Quota to 2025 \| CZ app](https://feedsoft.ai/events/4326-china-agrees-fertiliser-export-quota-to-2025-cz-app.md) | -4.4% | -7.4% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3NZ0KL:0-china-s-urea-futures-hit-lowest-since-2023-amid-oversupply-export-curbs/

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