China's nitrogen fertilizer industry association said seasonal buying patterns, higher feedstock costs, and steadily rising demand are complicating efforts to maintain supply and stable prices. It forecast spring 2027 agricultural nitrogen demand up 2.5% year over year and nitrogen fertilizer output up 5.9% in 2026, with new urea capacity expected to raise annual capacity to 77.7 million tonnes by year-end.
Higher coal and gas costs and firmer demand could support nitrogen fertilizer prices, while expanding production capacity may limit upward pressure. The article describes efforts to build seasonal inventories and secure domestic supply.
After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% 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.