Urea Prices Surge in China Despite High Production
China News
November 22, 2023
China, the global leader in urea production and consumption, is witnessing a significant surge in urea prices. Urea, a vital organic compound widely used in fertilizer for its nitrogen-rich composition, has experienced a 20% increase in futures trading on the Zhengzhou Commodity Exchange over the past month. This surge has also impacted spot prices.