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Urea fell to $386/t on August 11, down 3.5% in one session and more than 7% over the month, according to TradingEconomics data. China reopened urea export quotas for June through August, adding tonnage to global markets.
Progress in Iran-Oman talks on a Hormuz transit lane also eased the geopolitical risk premium.
Returning Chinese export volumes and reduced risk premia add supply into a seasonally weak Northern Hemisphere market, pushing nitrogen prices lower for feed and grain buyers.
fertilizerdaily.comKim ClarksenAug 14, 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.
