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Chinese urea futures rose 0.29% to 1,740 yuan/ton at midday on November 4 as expected gas-side production curbs and India tender hopes offset weak domestic demand. Plant inventories rose to 1.84 million tonnes, while port stocks climbed sharply.
Expected gas-related output cuts and an Indian import tender could tighten export supply, but rising inventories and high operating rates cap the rally. Net effect is firm but range-bound urea pricing.
quheqihuo.comNov 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.
