# Indonesian prices shoot up while the urea market weighs up prospect of Chinese export tax

> Urea prices in Indonesia rose while the international market weighed a possible Chinese urea export tax. Speculation about the tax has pushed Chinese July futures below their earlier highs. India has launched a fresh urea tender for August shipment.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/46502-indonesian-prices-shoot-up-while-the-urea-market-weighs-up-prospect-of-chinese
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A Chinese export tax would cut a major source of global urea supply during India's peak buying months, which could lift prices. Traders are already moving product to bonded storage in anticipation.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-04-16 | [Nitrogen prices soar on reduced Chinese exports \| The Western Producer](https://feedsoft.ai/events/25020-nitrogen-prices-soar-on-reduced-chinese-exports-the-western-producer.md) | +1.4% | +18.5% |
| UREA | 2021-09-03 | [Urea market rallies in the west, while east continues to await Indian announcement](https://feedsoft.ai/events/5162-urea-market-rallies-in-the-west-while-east-continues-to-await-indian.md) | +8.6% | +43.5% |
| UREA | 2023-02-24 | [Long-awaited correction to Potash, while the Indian tender pauses the Urea price crash.](https://feedsoft.ai/events/5684-long-awaited-correction-to-potash-while-the-indian-tender-pauses-the-urea-price.md) | -1.3% | -3.2% |
| UREA | 2024-08-14 | [Urea supply tight as China keeps exports low \| The Western Producer](https://feedsoft.ai/events/28672-urea-supply-tight-as-china-keeps-exports-low-the-western-producer.md) | -0.3% | +1.2% |
| UREA | 2024-09-06 | [Global urea producers hopeful pending Indian tender purchase will support market](https://feedsoft.ai/events/28224-global-urea-producers-hopeful-pending-indian-tender-purchase-will-support-market.md) | +0.2% | +6.6% |

## Sources

- profercy.com: https://www.profercy.com/insights/indonesian-prices-shoot-up-while-the-urea-market-weighs-up-prospect-of-chinese-export-tax

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