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Chinese urea spot prices were mixed on 12 November, with Shandong and Henan prices up 10 yuan per tonne to 1,760 yuan. Daily urea output fell to 215,400 tonnes, though still above last year, and some plants plan shutdowns later in the month.
Demand remains weak, and enterprise inventories edged down 0.8% but stay high.
Weak downstream demand and high inventories cap urea prices, while expected supply cuts and possible Indian tenders support the outlook. The net effect is range-bound domestic prices with upside risk if new buying emerges.
goodsfu.10jqka.com.cnNov 12, 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.
