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On November 9, China's urea 10-day moving average was 1,754.75 yuan per tonne and its 20-day average was 1,746.13 yuan, leaving a positive spread of 8.62 yuan. The spread widened, which the report interprets as an accelerating upward price trend.
The widening moving-average spread signals stronger recent price momentum in urea, though it is a technical indicator rather than evidence of a new supply or demand shock.
Not 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.