China Apr urea output to reach 6.40 mln tonnes

China's urea supply is accumulating with Q2 output projected at 19.55 million tonnes, creating a fragile theoretical balance with demand. According to OilChem, daily output reached 215,500 tonnes as of April 14, with Q2 production up 1.38 million tonnes year-on-year. This high supply level poses downside price risk, but the key market driver remains uncertain export policy, with traders closely monitoring potential changes in May.

OilChem data shows, as of April 14, the daily urea industry output reached 215,500 tonnes, an increase of 23,300 tonnes year-on-year. The operating rate on that day was 90.32%, up 4.88 percentage points from the same period last year. The daily output level has consistently remained around 210,000 tonnes. OilChem