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China has ample domestic coal-based urea, with local prices only about a third of international benchmarks. Analysts say China is unlikely to ease its export curbs.
Continued Chinese export restrictions keep a large potential source of supply off the global market, supporting international urea prices. A policy change would be bearish for global prices.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.