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Chinese domestic urea prices rose to 1,880-1,940 yuan/ton in Shandong, up 80 yuan/ton week on week. Factory inventories fell sharply and downstream buyers are restocking, while daily output is projected at 19,200-19,700 tons.
Tightening Chinese domestic urea supply and firm demand reduce the likelihood of near-term export availability, supporting global nitrogen prices.
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.