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Shandong urea spot prices were stable on November 13, with small granules at 1720-1760 yuan/t and large granules at 1960-2020 yuan/t ex-works. The futures contract closed at 1747 yuan/t, up 0.06% on the day.
Enterprise inventories fell 0.8%, but downstream demand remains weak and buyers are slowing purchases.
Weak downstream demand and stable supply keep China domestic urea prices range-bound, with fertilizer costs for feed-grain production unlikely to move sharply in the short term. Traders are watching India's tender and international market developments for direction.
goodsfu.10jqka.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.
