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November Egyptian granular urea FOB prices were about 535 dollars per tonne, up roughly 17% from 457 dollars in September, making Egypt the highest-priced origin among major exporters. The Zhengzhou urea main contract closed at 1747 yuan/t on November 12, up 6 yuan/t.
Higher international urea prices improve China's export competitiveness and support domestic spot and futures prices. Stronger global urea values also raise input costs for feed-grain and livestock producers.
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.