Preliminary statistics from China Customs indicate that from January to November 2025, China exported a cumulative total of 42.86

The current period remains a slow season for fertilizer demand from agriculture, with autumn fertilizer applications starting slowly and lacking substantial follow-through, highlighting the market's supply-demand imbalance.

Operating Rate: The average daily urea production nationwide this period reached 207,100 tons, with an operating rate of approximately 85.34%. Among these, coal-based urea plants operated at 87.51%, while natural gas and coke oven gas-based plants operated at 77.36%. Nationwide urea plant operating rates decreased by 0.5 percentage points compared to the previous period. Among these, coal-based plants saw a 1.57 percentage point decline, while gas-based plants experienced a 3.47 percentage point increase.

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