# Daily Urea Review: Lackluster Downstream Demand Leads to Continued Price Decline

> China's domestic urea market remains weak, with the small granule urea price index falling 0.89% day-on-day to 2,138 and down 21% year-on-year on April 2. Urea futures UR409 closed at 1,849, up 0.27%, amid poor factory orders and cautious buyers. Supply rose slightly as production resumed after the spring fertilizer season ended.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/5302-daily-urea-review-lackluster-downstream-demand-leads-to-continued-price-decline
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weak downstream demand and oversupply point to continued softness in Chinese urea prices, which can pressure global urea export pricing as Chinese exports are sought.

## Read by commodity

- UREA: bearish ▼

## Sources

- fdd-global.com: https://www.fdd-global.com/article-hot-news/daily-urea-review-lackluster-downstream-demand-leads-to-continued-price-decline.html

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