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China's urea industry expanded capacity sharply, with output rising 9.58 million tons between 2022 and 2024, a 17% increase. Growth came mainly from coal-based production while fixed-bed output declined.
The industry is shifting from scale-driven growth toward quality-focused competition.
Structural oversupply from China's capacity build-out pressures global urea prices lower, lowering nitrogen costs for corn growers. Persistent excess supply reduces the likelihood of a sustained fertilizer-driven rally.
news.chemnet.comDec 24, 2025After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
