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China's urea futures closed up 0.40% on November 12 at 1,747 yuan per tonne. Weekly national output fell to 1.5143 million tonnes, and enterprise inventories dipped 0.8%.
Spot prices in Shandong were flat to slightly higher, but demand remained subdued.
Falling supply and lower inventories support prices, but weak agricultural and industrial demand caps the upside. The futures outlook is range-bound, so the net price effect is neutral for now.
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.
