# Weak Demand Drives Down the Price of European Urea

> European urea prices declined as few importers bought fresh supply. Heavy inventories and weak ordering pushed prices down, and ports are clearing stock. Merchants expect further price cuts over the coming weeks.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/38996-weak-demand-drives-down-the-price-of-european-urea
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weak European demand and high stocks point to lower urea import costs, although Indian tenders may support prices later in the quarter.

## Read by commodity

- UREA: bearish ▼

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/weak-demand-drives-down-the-price-of-european-urea-11732

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