Loading…
Urea futures contract 01 traded in a narrow range, with spot prices in Shandong around 1,720-1,760 yuan/t. Industry inventories fell month-on-month and weekly operating rates slipped to 89.13%, with coal-based capacity at 94.61% and gas-based at 68.52%.
Downstream demand remains weak and buying is mostly for essential needs.
Lower operating rates and falling inventories ease supply pressure on urea, which supports prices. Soft downstream demand limits the upside, so prices are likely to stay range-bound in the near term.
finance.sina.com.cnNov 13, 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.
