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China's urea futures traded in a narrow range, while Shandong spot prices were reported at 1,740–1,770 yuan per tonne. Producer capacity utilization rose to 89.82%, and the report cited recovering supply alongside weak demand and growing inventory pressure.
Higher operating rates and weak demand increase the risk of inventory accumulation, weighing on urea prices. Import-tender sentiment may limit pressure in the near term.
finance.sina.com.cnNov 6, 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.
