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Urea prices fell early in October on weak domestic demand and low Indian tender prices, then rose late in the month on expectations of a new Indian tender and some off-season stockpiling purchases. Factory and port inventories remain high, and Indian tender volumes fell well short of the planned 1.7 million tonnes.
Heavy inventories and weak domestic demand cap urea prices, while expectations of a new Indian tender and seasonal plant maintenance in November could tighten supply. The next Indian tender's price and volume will likely determine whether urea prices recover, which affects nitrogen fertilizer costs for farmers and feed grain production.
quheqihuo.comNov 2, 2026After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% 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.
