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Chinese urea futures traded sideways last week, with the January contract closing at 1,736 yuan per tonne as trading volume and open interest declined. Domestic spot prices were mostly stable, while expectations for stronger export demand and seasonal restocking supported prices but remained uncertain; daily production also edged higher.
Higher domestic output and delayed export demand weigh on the balance, while restocking and possible export growth offer support. With export catalysts unconfirmed, the article points to weakening bullish expectations and a mildly bearish near-term futures outlook.
finance.sina.com.cnNov 9, 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.
