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The Sci99 urea benchmark price was 1755.00 yuan/t on November 13, up 0.57% from 1745.00 yuan/t at the start of the month and 0.14% higher on the day. The price sits at the median of its past-year range, which runs from 1615 to 1892.5 yuan/t.
A benchmark sitting at the middle of its annual range signals balanced domestic fertilizer pricing, so there is no strong cost push or relief for feed-grain producers. The move is marginal and supports a neutral read on urea.
Not 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.