# Limited rigid industrial and agricultural demand keeps urea futures trading in a narrow range

> Urea futures on the Zhengzhou exchange are consolidating in a narrow range as spot demand is limited and traders are cautious. Shandong small-grain urea trades around 1740-1770 yuan per tonne, and warehouse receipts rose to 662. Plant utilization is about 90%, with some plants in Daqing and Tashi shut for maintenance.

- Date: 2026-11-03 · published 2026-11-03T03:10:47.926Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/76924-limited-rigid-industrial-and-agricultural-demand-keeps-urea-futures-trading-in
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Expectations of Indian urea tenders are supporting Chinese prices, but weak domestic demand limits upside, so fertilizer costs for feed grain production are unlikely to move sharply in the near term.

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-03/doc-inixmnqa6706428.shtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.