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Chinese urea futures were little changed on November 10, with the main contract at 1,730 yuan per tonne, as analysts described trading within a low range. High inventories and weak domestic demand weighed on prices, while export tender expectations, reserve procurement and production costs limited downside; producer inventories continued to accumulate, though more slowly.
Weak demand and elevated stocks are bearish for urea, while possible exports, seasonal reserve buying and cost support may curb further declines. The balance points to range-bound prices unless export demand or winter stocking changes materially.
quheqihuo.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.
