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Chinese urea factories in Shandong, Henan and Hebei quoted 1720-1750 yuan/t on November 3, up 30-40 yuan/t from the prior Friday. The January urea futures contract closed at 1738 yuan/t, up 0.17%, and warehouse receipts rose by 162 to 662 lots.
Rising spring compound-fertilizer stocking and expectations of a new Indian urea tender support prices, though high factory inventories and loss-making production costs limit the rebound. For feed buyers, firmer urea mainly signals higher costs for domestic crop inputs rather than a direct feed price move.
finance.sina.com.cnNov 3, 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.
