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Urea 01 futures edged up and then fell back near moving-average resistance. Enterprise urea inventories rose 43,800 tonnes week on week to 1.8414 million tonnes, and Shandong small-granule ex-works prices traded around 1,700-1,770 yuan per tonne.
Rising inventories and limited industrial and agricultural demand are weighing on the futures market.
Rising producer stocks and ample supply point to weaker urea prices in the near term, although Indian tender and export demand offers some support. Lower fertilizer prices ease input costs for feed-grain growers, but the effect on feed buyers is indirect.
finance.sina.com.cnNov 5, 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.
