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Iranian producers kept their offer price for granular urea at $355/t while the global average rose $9.5 to $351/t and the Middle East average fell $5 to $435/t. Gas shortages and technical faults have left part of Iran's urea capacity offline, with some complexes running at about half capacity.
Reduced Iranian output tightens export supply at a time when the global average is firming, which supports urea prices. The gap between Iranian and global prices has narrowed, so the effect on the market is modest.
petrotahlil.comNov 2, 2026Not 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.
