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International urea prices have retreated from the March peak, with spot quotes down nearly 20% but still more than 20% above year-ago levels. The average price was $577 per ton as of May 15, versus a March high near $714.
Weaker buyer demand and higher supply from CIS and non-Gulf Middle East sources drove the correction.
Softer demand and additional non-Gulf supply are pushing urea lower, though Hormuz shipping disruptions continue to limit the downside.
news.chemnet.comMay 21, 2026Not 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.
