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China’s urea market came under pressure as anticipated export demand failed to materialize, while supply remained ample and agricultural demand was seasonally weak. Some producers cut prices, including reductions of 40 yuan per tonne at Shandong Mingshengda and 20 yuan per tonne at Shandong Lianmeng.
Ample supply and cautious buying leave producers under pressure to clear inventories, while the lack of export demand removes a source of expected support. Urea prices face near-term downward pressure.
sunsirs.comNov 10, 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.
