The ongoing disruption from geopolitical conflicts has caused the urea price difference between domestic and international markets to reach 3,000 yuan/ton.

2026-03-29 09:51:36

Under the ongoing disturbances of geopolitical conflicts, global urea prices have generally risen. The current domestic and international price gap for urea has reached astonishing levels. Analysts state, “Currently, the spot price of urea in most regions of the country is below 2000 yuan/ton, while the FOB price for small granular urea from China is converted to 685-740 USD/ton, making the domestic and international price gap around 3000 yuan/ton.” If the geopolitical conflicts persist, and the facilities in Iran and Qatar cannot be restored, and shipping through the Strait of Hormuz continues to be obstructed, one-third of the global urea supply will remain disrupted, and international urea prices are expected to continue to break upward. (Futures Daily)

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