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The urea spot market is quiet as Chinese export volumes have not started moving, with CIQ certification expected to take up to seven working days or longer. On May 22 the European Parliament voted to impose tariffs on fertiliser imports from Russia and Belarus, which the Commission may suspend if EU prices surge.
Uncertainty over Chinese urea export timing and new EU tariffs on Russian and Belarusian product tightens near-term supply, supporting nitrogen prices that feed into grain production costs.
czapp.comStein Chingen HauganMay 27, 2025After 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.
A quiet spot market and imminent Chinese export volumes reduced buying urgency and pointed to easing supply tightness, pressuring prices.
