# Urea average spread on November 12 is 8.62 yuan/ton, shifting from widening to narrowing

> Shanghai-based monitor Sci-Tech Commodity (Shengyishe) reported that the urea average spread on November 12 was 8.62 yuan per ton, calculated as M10 minus M20 (1756.75 minus 1748.13). The spread narrowed after previously widening, indicating urea gains were slowing.

- Date: 2026-11-12 · published 2026-11-12T15:10:45.405Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/95689-urea-average-spread-on-november-12-is-8-62-yuan-ton-shifting-from-widening-to
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A narrowing spread signals that the urea rally is losing momentum, a possible turning point that could ease Chinese fertilizer prices and nitrogen input costs for feed-grain producers.

## Read by commodity

- UREA: bearish ▼

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/nyzx/2026-11-12/doc-iniynpnv1184155.shtml
- agrochem.cn: http://www.agrochem.cn/info/detail-20261112-6486875.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.