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India’s NFL urea import tender has not yet materialized, while international urea prices weakened; China’s FOB price fell to $340–345 per tonne. Chinese production remains high and domestic inventories rose 2.44% week over week to 1.84 million tonnes as seasonal agricultural demand winds down and industrial buyers replenish cautiously.
The pending Indian tender is only supporting export sentiment so far, while weaker global prices, ample Chinese supply and inventory accumulation weigh on near-term urea prices. A confirmed tender could provide support, but the article describes the market as vulnerable before it is awarded.
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.
