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Urea prices in China rose sharply after the holiday, with factory quotes in Shandong and elsewhere up 100-130 yuan per ton since October 16. China's September urea exports reached about 828,500 tons, up 51.9% year on year, and India won a large share of a bidding round.
Strong export demand and limited domestic availability tighten global urea supply, supporting higher nitrogen fertilizer costs for feed producers and farms.
jecibiochem.comNov 1, 2020After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
Chinese urea prices rose sharply, with factory quotes up 100-130 yuan/t and strong September exports, including a large share of an Indian tender, which points to tighter export supply and firmer global sentiment; however, the article is dated 2020-11-01, after the move, so it likely reflects the same trend and not a clear trigger.
Chinese domestic urea quotes rose 100-130 yuan/t from mid-October and strong exports with India winning tender volume point to firm demand and momentum, but the article is dated after the move and is a summary, so the link is only partial.
