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Chinese urea futures traded flat around 1744-1756 yuan/tonne on November 13, with the main contract UR2701 closing at 1747 the prior day. Spot prices in central China were around 1760 yuan/tonne, while daily output of 200,000-210,000 tonnes continued and enterprise inventories remained high year on year.
Persistent oversupply and high plant inventories cap urea rebounds, though coal cost support and export expectations limit downside. For fertilizer buyers, domestic urea prices are likely to stay range-bound.
18qh.comNov 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.
