
China is releasing additional urea export volumes while international demand is described as subdued, putting some pressure on global urea prices. European nitrogen producers continue to face high gas costs, and India may soon issue another large urea tender.
More Chinese exports add available supply and could weigh on urea prices, although a prospective Indian tender may increase demand. High European gas costs continue to constrain regional production and support fertilizer prices there.
After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
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.