# Sharp fall in gas prices

> European gas prices fell by nearly €20/MWh in ten days after rising above €100/MWh, as prospects for an Iran ceasefire reduced energy-market risk concerns. Lower gas costs could improve European nitrogen fertilizer producers’ margins and support a gradual production restart; limited farm demand could also force producers to lower price expectations, while global urea trade remains affected by limited Egyptian and Algerian availability and cautious Indian buying.

- Date: 2026-11-10 · published 2026-11-10T12:12:04.446Z
- Category: macro · region European Union · magnitude medium
- Page: https://feedsoft.ai/events/91647-sharp-fall-in-gas-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Cheaper gas reduces nitrogen fertilizer production costs and may increase European output, putting downward pressure on urea prices. Weak agricultural demand adds to that pressure, though restricted export availability from Egypt and Algeria could temper the easing.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-03 | [Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times](https://feedsoft.ai/events/9189-natural-gas-prices-in-europe-fall-to-pre-invasion-levels-the-new-york-times.md) | -4.8% | -32.8% |
| NATGAS | 2019-05-07 | [Natural gas and coal: Plunging prices](https://feedsoft.ai/events/59268-natural-gas-and-coal-plunging-prices.md) | +5.3% | -3.9% |
| NATGAS | 2025-02-21 | [Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily](https://feedsoft.ai/events/26365-friday-s-insider-urea-and-gas-prices-market-in-transition-fertilizer-daily.md) | -18.8% | -15.1% |
| NATGAS | 2019-01-07 | [Moderation in gas prices will improve margins for urea players: ICRA \| ECHEMI](https://feedsoft.ai/events/61401-moderation-in-gas-prices-will-improve-margins-for-urea-players-icra-echemi.md) | +3.6% | -10.4% |
| NATGAS | 2019-09-13 | [IHS Markit: US natural gas price will fall to levels not seen since 1970s \| World Pipelines](https://feedsoft.ai/events/57254-ihs-markit-us-natural-gas-price-will-fall-to-levels-not-seen-since-1970s-world.md) | -0.1% | -13.8% |
| UREA | 2026-10-23 | [U.S. Natural Gas Futures Fall on Mild Near-Term Weather - WSJ](https://feedsoft.ai/events/626-u-s-natural-gas-futures-fall-on-mild-near-term-weather-wsj.md) | -0.1% | — |
| UREA | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | +0.3% | +13.2% |
| UREA | 2023-01-09 | [Looking to a turn in the commodity price cycle - CRU Group](https://feedsoft.ai/events/10450-looking-to-a-turn-in-the-commodity-price-cycle-cru-group.md) | -2.9% | -18.7% |

## Sources

- lafranceagricole.fr: https://www.lafranceagricole.fr/tendances-engrais/article/905890/fort-repli-du-prix-gaz

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.