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Chinese urea prices rose by 20–40 yuan per tonne in several regions during the week to November 5, supported by expectations of an Indian tender, reserve-stock buying and possible plant maintenance. Production remained high and company inventories increased to 1.8414 million tonnes on November 4, while seasonal agricultural demand and downstream buying were subdued; prices were expected to trade within a range ahead of the tender result.
An Indian tender could add export demand and support Chinese urea prices, but high production, rising inventories and weak domestic buying limit the upside. Prices may lose support if tender demand does not translate into actual purchases.
finance.sina.com.cnNov 8, 2026After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
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.
