# Urea Market Set to Dip as China Returns, India Cuts Imports | CZ app

> Urea prices have kept falling after India cut its import purchases, with Middle East FOB levels near USD 280/tonne and CFR Australia around USD 320/tonne. Traders are watching whether China resumes exports, and US NOLA prices have also dropped sharply.

- Date: 2024-04-21 · published 2024-04-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/30660-urea-market-set-to-dip-as-china-returns-india-cuts-imports-cz-app
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Reduced Indian demand combined with the seasonal northern summer lull points to continued weakness in urea prices. Any Chinese export return would add supply and reinforce the downward trend.

## Read by commodity

- UREA: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-07-30 | [China's return to the international urea market ends bull run](https://feedsoft.ai/events/46374-china-s-return-to-the-international-urea-market-ends-bull-run.md) | -2.2% | -2.1% |
| UREA | 2024-04-29 | [Urea prices test 2023 lows as China weighs up return to global market](https://feedsoft.ai/events/9420-urea-prices-test-2023-lows-as-china-weighs-up-return-to-global-market.md) | -7.7% | -6.1% |
| UREA | 2026-10-08 | [Urea Prices Drop in India as China Reshapes Fertilizer Markets Across the Americas](https://feedsoft.ai/events/658-urea-prices-drop-in-india-as-china-reshapes-fertilizer-markets-across-the.md) | +2.3% | +2.6% |
| UREA | 2024-11-04 | [India's Urea Tender Fails to Revive Prices \| CZ app](https://feedsoft.ai/events/27723-india-s-urea-tender-fails-to-revive-prices-cz-app.md) | -2.0% | -1.9% |
| UREA | 2024-10-28 | [Urea Prices Dip After India Tender Delay \| CZ app](https://feedsoft.ai/events/5407-urea-prices-dip-after-india-tender-delay-cz-app.md) | -3.6% | -5.5% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/urea-market-set-to-dip-as-china-returns-india-cuts-imports/

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