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Chinese urea spot quotes were broadly stable as of November 3, with Hebei, Shandong and Hubei plant prices holding around 1,720 to 1,760 yuan per tonne. New orders were weak and downstream buyers were purchasing only for immediate needs.
Traders expect sideways trading, with attention on factory inventories and downstream orders.
Export expectations are providing a floor for urea, but soft domestic demand limits upside and could cause spot prices to dip before export gains are realized. This points to range-bound fertilizer costs for feed and farm input buyers in the near term.
finance.sina.com.cnNov 4, 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.
