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China launched urea futures trading on the Zhengzhou Commodity Exchange on August 9, 2019. Officials said the contract will give producers, consumers and traders a risk management tool.
Urea prices have averaged annual swings of more than 20% since 2009.
The new futures contract may improve price discovery and hedging for Chinese urea, but it does not change near-term supply or demand fundamentals for feed inputs.
govt.chinadaily.com.cnAug 9, 2019Not enough comparable past events yet for a historical read.
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.
