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Ammonia Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

ammonia Price Trends by Country

ttTrinidad and Tobago
saSaudi Arabia
qaQatar
usUnited States
nlNetherlands
krSouth Korea
inIndia

Global ammonia Spot Market Prices, Trend Analysis and Forecast

Price Watch™ provides price assessments for Ammonia across the top trading regions

Asia-Pacific

  • Ammonia Anhydrous: 99.5% Industrial Grade CFR Ulsan (Saudi Arabia) South Korea​
  • Ammonia Anhydrous: 99.5% Industrial Grade CFR Paradip (Saudi Arabia) India
  • Ammonia Anhydrous: 99.5% Industrial Grade CFR JNPT (Saudi Arabia) India​


North America

  • Ammonia Anhydrous: 99.5% Industrial Grade CFR Houston (Trinidad and Tobago) USA​


Europe

  • Ammonia Anhydrous: 99.5% Industrial Grade CFR Rotterdam (Trinidad & Tobago) Netherlands​


Middle East

  • Ammonia Anhydrous: 99.5% Industrial Grade FOB Ras Al Khair Saudi Arabia
  • Ammonia Anhydrous: 99.5% Industrial Grade FOB Mesaieed Qatar


Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Anhydrous Ammonia Price Trend Q1 2026

In Q1 2026, the global Ammonia market exhibited a mixed yet predominantly bullish price trend, driven by strong regional disparities and geopolitical influences.

In the Middle East, the Ammonia price trend has increased significantly, supported by firm Natural Gas prices and supply concerns arising from the USA–Israel–Iran conflict and potential disruptions in the Strait of Hormuz, which have tightened export availability.

In Asia Pacific, particularly in India and South Korea, the Ammonia price trend has increased sharply, as higher FOB prices from Saudi Arabia have translated into expensive imports, coupled with firm downstream demand.

In contrast, in North America, the Ammonia price trend has decreased slightly, as stable supply from Trinidad and Tobago has resulted in relatively cheaper imports, maintaining balanced market conditions.

Similarly, in Europe, particularly the Netherlands, the Ammonia price trend has declined marginally due to softer import prices from the Trinidad & Tobago and stable demand fundamentals.

In South America, Caribbean export hubs like Trinidad and Tobago, the Ammonia price trend has remained slightly bearish due to adequate supply and moderate global demand.

Overall, the global Ammonia price trend has increased, primarily driven by strong Middle Eastern pricing and its cascading impact on import-dependent regions.

Trinidad & Tobago: Ammonia Exported Price Trend in Trinidad and Tobago, Anhydrous: 99.5% Industrial Grade FOB Lisas

According to Price-Watch™, in Q1 2026, Ammonia price trend in Trinidad and Tobago reflected a slightly bearish trajectory, primarily influenced by stable Natural Gas prices and consistent production levels, which ensured adequate supply availability in the export market.

The absence of strong global demand, particularly from fertilizer-consuming regions, limited upward pricing momentum. Additionally, International Trade & Logistics remained largely unaffected by geopolitical tensions such as the USA–Israel–Iran conflict and concerns surrounding the Strait of Hormuz, as Trinidad exports are not directly dependent on this route.

In March 2026, Ammonia price trend in Trinidad and Tobago decreased from the previous month, decreased by 2%, reflecting subdued export demand and balanced supply conditions. Overall, Ammonia price in Trinidad and Tobago, marking a quarterly decrease of 2%, indicated stable production dynamics and limited external demand support.

Saudi Arabia: Ammonia Exported Price Trend in Saudi Arabia, Anhydrous: 99.5% Industrial Grade FOB Ras Al Khair

In Q1 2026, Ammonia price trend in Saudi Arabia exhibited a strong upward movement, significantly influenced by geopolitical tensions arising from the USA–Israel–Iran conflict and concerns over potential disruption in the Strait of Hormuz, a critical maritime route for exports.

These developments tightened regional supply availability and increased freight risk premiums, thereby elevating export prices. Additionally, firm Natural Gas prices and strong international demand, particularly from Asia, further supported the bullish trend.

In March 2026, Ammonia price trend in Saudi Arabia increased from the previous month, increased by 21%, reflecting heightened supply concerns and robust buying interest. Overall, Ammonia price in Saudi Arabia, marking a quarterly increase of 16%, highlighted the combined impact of geopolitical risks, firm feedstock costs, and strong export demand.

Qatar: Ammonia Exported Price Trend in Qatar, Anhydrous: 99.5% Industrial Grade FOB Mesaieed

In Q1 2026, Ammonia price trend in Qatar followed a bullish trajectory, supported by elevated Natural Gas prices and intensified geopolitical tensions linked to the USA–Israel–Iran conflict, which raised concerns regarding shipping disruptions through the Strait of Hormuz.

As a major export route, these risks constrained supply confidence and increased transaction costs. Strong downstream demand from global fertilizer producers further tightened spot availability. Trade remained functional but with elevated risk perception.

In March 2026, Ammonia price trend in Qatar increased from the previous month, increased by 18%, reflecting sustained demand and supply-side uncertainties. Overall, Ammonia price in Qatar, marking a quarterly increase of 16%, was driven by geopolitical pressures and firm feedstock support.

USA: Ammonia Imported Price Trend in USA, Anhydrous: 99.5% Industrial Grade CFR Houston (Trinidad and Tobago)

In Q1 2026, Ammonia price trend in USA indicated a slight downward movement, primarily influenced by softer FOB prices in Trinidad and Tobago, which resulted in relatively cheaper imports. The USA market remained largely insulated from the geopolitical tensions in the Middle East, including the Strait of Hormuz concerns, due to its reliance on Atlantic trade routes.

Domestic demand remained moderate, particularly from the agricultural sector, limiting price support. In March 2026, Ammonia price trend in USA decreased from the previous month, decreased by 2%, reflecting lower import costs from Trinidad.

Overall, Ammonia price in USA, marking a quarterly decrease of 1%, reflected the influence of declining upstream prices and stable domestic demand.

Netherland: Ammonia Imported Price Trend in Netherlands, Anhydrous: 99.5% Industrial Grade CFR Rotterdam (Trinidad & Tobago)

In Q1 2026, Ammonia price trend in Netherlands experienced a marginal decline, primarily due to weaker FOB prices in Trinidad and Tobago, leading to reduced import costs.

Although geopolitical tensions in the Middle East, including the USA–Israel–Iran conflict, created broader market uncertainty, European imports from the Atlantic basin remained relatively unaffected.

Demand conditions in the region remained stable, with no significant supply disruptions. In March 2026, Ammonia price trend in Netherlands decreased from the previous month, decreased by 2%, reflecting softer import pricing.

Overall, Ammonia price in Netherlands, marking a quarterly decrease of 2%, indicated stable supply conditions and limited geopolitical impact on sourcing routes.

South Korea: Ammonia Imported Price Trend in South Korea, Anhydrous: 99.5% Industrial Grade CFR Ulsan (Saudi Arabia)

In Q1 2026, Ammonia price trend in South Korea recorded a significant increase, driven by higher import costs from Saudi Arabia amid escalating geopolitical tensions involving the USA–Israel–Iran conflict and concerns over Strait of Hormuz disruptions.

As a key supply route, these developments increased freight costs and supply risk, pushing FOB prices higher in Saudi Arabia and consequently raising CIF prices in South Korea. Strong domestic demand from industrial sectors further supported the upward trend.

In March 2026, Ammonia price trend in South Korea increased from the previous month, increased by 18%, reflecting elevated import costs and supply concerns. Overall, Ammonia price in South Korea, marking a quarterly increase of 13%, highlighted the direct impact of geopolitical disruptions and firm upstream pricing.

India: Ammonia Imported Price Trend in India, Anhydrous: 99.5% Industrial Grade CFR Paradip (Saudi Arabia)

In Q1 2026, Ammonia price trend in India showed a strong upward movement, primarily driven by increased import prices from Saudi Arabia due to geopolitical tensions linked to the USA–Israel–Iran conflict and risks associated with the Strait of Hormuz, which impacted supply flows and freight dynamics.

The rise in FOB prices in Saudi Arabia, supported by firm Natural Gas costs and strong export demand, translated into higher landed costs in India. Domestic demand from fertilizer manufacturers remained robust, further sustaining the price increase.

In March 2026, Ammonia price trend in India increased from the previous month, increased by ~19%, reflecting higher import costs. Overall, Ammonia price in India, marking a quarterly increase of 15%, demonstrated the influence of geopolitical risks and strong upstream pricing.

Ammonia Price Trend Analysis: Q4 2025

The worldwide ammonia market has experienced significant progress during Q4 2025 which can be linked to high-volume industrial activity, a continued threat of product shortages, and a positive environment for exporting to other regions. For Asia Pacific, Saudi-sourced product imports to both India and Korea experienced strong quarterly increases along with significantly high monthly volumes during December as a result of heightened purchasing activity and limited inventory in those regions. The Middle Eastern region led by Saudi Arabia and Qatar has also posted tremendous quarterly increases as well as healthy monthly end of quarter increases due to stable manufacturing facilities that are generating high volumes of product while there remains a significant amount of demand for products in Asia. In North America, Trinidad product imports to the United States reported steady increase throughout the entire quarter; however, December 2025 reported a lower volume than expected due to the natural slowdown in seasonal buying activities and excess supply of products being stored in inventory.

Trinidad and Tobago: Ammonia Exported Price Trend in Trinidad and Tobago, Anhydrous 99.5% Industrial Grade FOB Lisas

In Q4 2025, Ammonia price trend in Trinidad and Tobago reflected a moderately softening trajectory after a preceding period of strong cost-push escalation driven by elevated Natural Gas prices and tighter export availability in earlier quarters. Trinidad and Tobago, as a major ammonia exporter, continued to serve downstream fertilizer demand in key overseas markets; however, incremental normalization in regional supply and comparatively more balanced inventory positions in importing regions reduced the urgency of spot procurement, tempering further upside in FOB Lisas assessments. Geopolitical uncertainties in global energy markets still underpinned a relatively high-cost floor, but the marginal easing in feedstock-linked cost pressure and more orderly International Trade & Logistics flows contributed to a mild month-on-month price correction during the quarter. In December 2025, Ammonia price in Trinidad and Tobago decreased from the previous month, decreasing by 3.8%, indicating a corrective price trend as buyers resisted higher offers amid improving supply-side conditions. Overall, Anhydrous Ammonia 99.5% Industrial Grade in Q4 2025 price in Trinidad and Tobago, marking a quarterly increase of 26%.

Saudi Arabia: Ammonia Exported Price Trend in Saudi Arabia, Anhydrous 99.5% Industrial Grade FOB Ras Al Khair

In Q4 2025, Ammonia price trend in Saudi Arabia exhibited a robust upward trajectory, predominantly propelled by persistent supply constraints, elevated Natural Gas Prices in the Middle East region further amplified production costs, reinforcing the bullish momentum despite some quarterly softening in feedstock indices earlier in the year. Heightened Agricultural Demand from major importing destinations in Asia and beyond intensified competition for limited cargoes, while International Trade & Logistics challenges exacerbated the squeeze on spot volumes amid rerouting efforts by traders. These dynamics sustained elevated FOB assessments, with market participants prioritizing prompt deliveries over forward commitments. In December 2025, Ammonia price in Saudi Arabia increased from the previous month, increasing by 10%, underscoring the prevailing tight price trend amid ongoing supply-side pressures. Overall, Anhydrous 99.5% Industrial Grade Ammonia price in Saudi Arabia FOB Ras Al Khair marking a quarterly increase of 28%.

Qatar: Ammonia Exported Price Trend in Qatar, Anhydrous 99.5% Industrial Grade FOB Mesaieed

In Q4 2025, Ammonia price trend in Qatar sustained a firm upward momentum, underpinned by sustained tightness in regional export supply amid elevated Natural Gas Prices that bolstered production costs across Middle East facilities. Qatar’s Mesaieed operations prioritized contractual commitments over spot sales, which constricted merchant availability and amplified competitive bidding from Asian Agricultural Demand centers gearing up for seasonal fertilizer applications. Supply Chain Disruptions in the form of vessel shortages and logistical bottlenecks further constrained prompt loadings, driving premiums in the spot market as evidenced by deals approaching USD 500 per metric ton FOB Mesaieed late in the quarter. Regional Differences in inventory drawdowns, with lower stocks in key destinations relative to Gulf producers, reinforced the bullish price trend despite no major new Plant expansion online during the period. In December 2025, Ammonia price in Qatar increased from the previous month, increasing by 9.4%, reflecting intensified end-quarter supply pressures. Overall, Anhydrous 99.5% Industrial Grade Ammonia price in Qatar FOB Mesaieed marking a quarterly increase of around 26%.

USA: Ammonia Imported Price Trend in USA, Anhydrous 99.5% Industrial Grade CFR Houston (Trinidad and Tobago)

In Q4 2025, Ammonia price trend in USA experienced a substantial quarterly escalation, propelled by elevated FOB prices in the exporting country Trinidad and Tobago, where tighter supply conditions and higher Natural Gas Prices transmitted directly into costlier imports arriving CFR Houston. Strong Agricultural Demand from US Midwest fertilizer blenders sustained robust import volumes from Trinidad cargoes, despite the imposition of a 10% tariff under revised Caribbean Basin Initiative terms that incrementally raised landed costs without derailing trade flows. Regional Differences emerged as Gulf Coast inventories remained lean relative to consumption rates, amplifying the pass-through effect from Caribbean export premiums, while steady International Trade & Logistics ensured reliable tonnage deliveries amid firm freight fixtures. Supply Chain Disruptions proved minimal, allowing the import price trend to mirror upstream strength through most of the quarter before a late softening. In December 2025, Ammonia price in USA decreased from the previous month, decreased by ~4%, signalling a corrective price trend as US domestic inventories built and buying interest cooled post-peak procurement. Overall, Anhydrous 99.5% Industrial Grade Ammonia price in USA CFR marking a quarterly increase of around 25%.

Netherlands: Ammonia Imported Price Trend in Netherlands, Anhydrous 99.5% Industrial Grade CFR Rotterdam (Trinidad & Tobago)

In Q4 2025, Ammonia price trend in Netherlands displayed a decisive quarterly advance, fuelled by pricier imports from Trinidad & Tobago, where constrained export supply and firm FOB Lisas levels due to elevated Natural Gas Prices directly elevated CFR Rotterdam delivered costs. European buyers, facing structurally high regional Natural Gas Prices and subdued domestic production rates amid emissions regulations, intensified reliance on Caribbean cargoes to meet fertilizer and industrial off-take, amplifying the pass-through of upstream premiums. Regional Differences manifested as Northwest Europe inventories dwindled faster than in other areas, bolstering import demand despite International Trade & Logistics facing vessel shortages that sustained elevated freight contributions to landed values. Geopolitical Events surrounding global energy volatility further supported the import price trend by underpinning feedstock-linked export strength from Trinidad, ensuring steady tonnage flows into Rotterdam even as CBAM considerations loomed for non-compliant origins. In December 2025, Ammonia price in Netherlands decreased from the previous month, decreasing by around 4%, marking a mild corrective price trend as seasonal Agricultural Demand eased and port stocks accumulated. Overall, Anhydrous 99.5% Industrial Grade Ammonia price in Netherlands CFR Rotterdam marking a quarterly increase of around 24%.

South Korea: Ammonia Imported Price Trend in South Korea, Anhydrous 99.5% Industrial Grade CFR Ulsan (Saudi Arabia)

In Q4 2025, Ammonia price trend in South Korea registered a pronounced quarterly uptick, attributable to costlier imports originating from Saudi Arabia and elevated FOB export prices due to increased Natural Gas Prices. South Korean importers ramped up spot purchases from Saudi cargoes to replenish inventories amid robust Agricultural Demand for downstream NPK fertilizer production ahead of winter crop preparations, driving competitive bidding and volume rebound in December. Regional Differences positioned Northeast Asia as a premium market relative to other basins, with lean local stocks exacerbating the impact of Saudi supply limitations, while International Trade & Logistics maintained reliable East-West voyage schedules despite vessel constraints elsewhere. These dynamics entrenched the bullish import price trend, as evidenced by Saudi Arabia’s substantial supply share to Ulsan alongside Indonesia. In December 2025, Ammonia price in South Korea increased from the previous month, increasing by 9.4%, highlighting persistent supply tightness. Overall, Anhydrous 99.5% Industrial Grade Ammonia price in South Korea, marking a quarterly increase of 25.2%.

India: Ammonia Imported Price Trend in India, Anhydrous 99.5% Industrial Grade CFR Paradip (Saudi Arabia)

In Q4 2025, Ammonia price trend in India demonstrated a sharp quarterly rise, driven by expensive imports from Saudi Arabia, as FOB Ras Al Khair prices surged amid Plant shutdowns at key facilities and elevated Natural Gas Prices that increased production costs and limited export volumes. Indian buyers secured substantial Saudi cargoes for Paradip discharge to support surging Agricultural Demand from rabi crop preparations, with imports projected to exceed 2.3 million tonnes annually amid depleted DAP stocks necessitating higher phosphate feedstock inflows. Regional Differences highlighted India’s position as the world’s largest ammonia importer, where lean domestic inventories and steady growth in ammonium phosphate output amplified vulnerability to Middle East supply tightness, further reinforced by stable International Trade & Logistics that facilitated timely arrivals despite global vessel constraints. These factors entrenched the upward import price trend, aligning with broader market strength observed in Q3 extending into the period. In December 2025, Ammonia price in India increased from the previous month, increasing by 11.1%, underscoring peak-quarter tightness. Overall, Anhydrous 99.5% Industrial Grade Ammonia price in India CFR Paradip from Saudi Arabia, marking a quarterly increase of 25%.

In Q3 2025, the global Ammonia Anhydrous 99.5% Industrial Grade market has demonstrated a predominantly upward ammonia price trend trajectory, supported by rising natural gas costs, tightened regional supply balances, and firm agricultural demand across major importing hubs. In North America, the U.S. Gulf Coast has witnessed a decisive increase in CFR Houston prices, driven by higher domestic energy costs, reduced Caribbean export availability, and steady fertilizer-sector consumption.

In Europe, the Netherlands has recorded one of the strongest upward movements, as constrained supply from Trinidad & Tobago and elevated regional gas prices have reinforced reliance on imports, pushing CFR Rotterdam values sharply higher. In the Asia-Pacific region, Ammonia price trend has shown mixed dynamics: India has experienced firm upward momentum due to strong seasonal procurement and tight Middle Eastern supply, while South Korea has seen a largely stable trend with mild fluctuations amid balanced Saudi Arabian inflows and moderate industrial demand.

In the Middle East, key exporters such as Saudi Arabia and Qatar have maintained consistent upward FOB trends, supported by higher production costs and firm Asian offtake. In South America, demand from agricultural markets particularly those sourcing from Caribbean producers has contributed indirectly to strengthening global sentiment. Overall, Q3 2025 global ammonia price trend has remained firmly supported by supply-side constraints and resilient downstream consumption.

Trinidad & Tobago: Ammonia Export price FOB Lisas, Trinidad & Tobago, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

The Export price of Ammonia Anhydrous 99.5% Industrial Grade from Trinidad and Tobago, in Q3 2025 has shown a strong upward ammonia price trend, with prices trading in the range of USD 392–500 per metric ton over the quarter. Overall, Q3 Ammonia prices have increased by approximately 27.6%, supported by consecutive month-on-month gains an increase by 9.2% in July, 14.3% in August, and 11.6% in September.

This notable escalation has been driven by elevated natural gas prices, which have significantly lifted production costs for ammonia producers in the Caribbean region. Additionally, scheduled plant maintenance and reduced operating rates in Trinidad and neighboring markets have constrained export availability, tightening prompt supply.

At the same time, steady agricultural demand, particularly from Latin America and the U.S., has reinforced upward market momentum. Broader geopolitical uncertainties in global energy markets have further supported bullish sentiment. Overall, the Q3 2025 ammonia price trend has remained firmly upward.

USA: Ammonia Import Price CFR Houston, USA, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

The price of Ammonia Anhydrous 99.5% Industrial Grade, in USA from Trinidad and Tobago, in Q3 2025 has exhibited a firm upward ammonia price trend, moving within the range of USD 423–531 per metric ton. Across the quarter, prices have increased by approximately 25.5%, with sequential month-on-month gains an increase by 8.5% in July, 13.2% in August, and 10.9% in September. This sustained appreciation has been supported by elevated natural gas prices in the U.S. Gulf region, which have pushed up production and import costs.

Moreover, reduced export availability from Caribbean ammonia plants due to ongoing maintenance schedules has tightened prompt supply into Houston. The market has also been influenced by steady agricultural demand from downstream fertilizer blenders, reinforcing upward pressure. In addition, logistical constraints and higher freight rates in the Americas have contributed to stronger CFR values. Overall, the Q3 2025 ammonia price trend has remained decisively upward.

South Korea: Ammonia Import Price CFR Ulsan, South Korea, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

The price of Ammonia Anhydrous 99.5% Industrial Grade, in South Korea from Saudi Arabia, in Q3 2025 has reflected a mixed but overall stable ammonia price trend, with values moving in the range of USD 352–375 per metric ton. Over the quarter, Ammonia prices have shown limited net movement, supported by fluctuations an increase by 8.7% in July, a decrease by -6.1% in August, and a modest increase by 2.8% in September. This pattern has been influenced by moderate regional demand from downstream fertilizer and industrial consumers in South Korea, which has prevented any strong directional shift.

At the same time, steady export availability from Saudi Arabia, supported by stable operating rates and no major plant disruptions, has kept supply conditions balanced. Additionally, softness in global ammonia markets, partly due to subdued agricultural purchasing in Asia during the early monsoon months, has capped sharp price gains. With energy markets remaining steady and no significant geopolitical disruptions impacting Middle Eastern exports, the Q3 2025 ammonia price trend has remained largely stable with mild volatility.

Saudi Arabia: Ammonia Export price FOB Ras Al Khair, Saudi Arabia, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

The Export price of Ammonia Anhydrous 99.5% Industrial Grade from Saudi Arabia, in Q3 2025 has maintained a steady upward ammonia price trend, with values moving in the range of USD 320–340 per metric ton. Over the quarter, Ammonia prices have increased by approximately 6.3%, supported by month-on-month gains an increase by 10.3% in July, 3.1% in August, and 3.0% in September.

This progressive rise has been driven by stable but tightening regional supply, as producers in Ras Al Khair have operated at steady rates without major capacity additions, keeping availability balanced. Meanwhile, firm agricultural demand from key Asian markets has supported export allocations throughout the quarter.

Additionally, moderately higher natural gas prices in the Middle East have raised production costs, contributing to upward pressure on FOB values. With stable freight conditions and no significant geopolitical disruptions, export flows have remained smooth, allowing the market to reflect fundamental cost support. Overall, the Q3 2025 ammonia export price trend from Saudi Arabia has remained consistently upward.

Qatar: Ammonia Export price FOB Mesaieed, Qatar, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

The Export price of Ammonia Anhydrous 99.5% Industrial Grade from Qatar, in Q3 2025 has maintained a firm upward ammonia  price trend, with values moving in the range of USD 335–355 per metric ton. Over the quarter, Ammonia price trends have increased by approximately 6.0%, supported by month-on-month gains an increase by 9.8% in July, 3.0% in August, and 2.9% in September. The quarterly rise has been driven by stable regional production coupled with tightening export availability, as Qatar has prioritized contractual shipments amid steady global demand.

Moderately higher natural gas prices in the Middle East have elevated production costs, providing additional cost-push support. Furthermore, firm agricultural demand from major Asian importing countries has reinforced buying interest throughout the quarter. With no major geopolitical disruptions and freight flows remaining efficient, FOB values have moved steadily upward in line with supportive fundamentals. Consequently, the Q3 2025 export price trend from Qatar has remained consistently upward.

Netherlands: Ammonia Import Price CFR Rotterdam, Netherland, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

The price of Ammonia Anhydrous 99.5% Industrial Grade, in the Netherlands from Trinidad & Tobago, in Q3 2025 has demonstrated a strong upward ammonia price trend, with values moving in the range of USD 442–550 per metric ton. Over the quarter, prices have increased by approximately 24.4%, supported by consistent month-on-month gains an increase by 8.1% in July, 12.7% in August, and 10.4% in September. This sustained rise has been driven by tightening supply from Trinidad & Tobago, where ongoing plant maintenance and reduced operating rates have lowered export availability.

At the same time, European buyers have faced elevated natural gas prices, prompting stronger interest in imported ammonia to offset high regional production costs. Additionally, steady fertilizer-sector demand alongside logistical constraints and higher freight rates into Northwest Europe has reinforced upward pricing momentum. With global energy market volatility adding further cost pressure, the Q3 2025 ammonia price trend in the Netherlands has remained decisively upward.

India: Ammonia Import Price CFR JNPT, India, Grade: Ammonia Anhydrous 99.5% Industrial Grade.

According to Price-Watch, The price of Ammonia Anhydrous 99.5% Industrial Grade, in India from Saudi Arabia, in Q3 2025 has exhibited a firm upward ammonia price trend, with values moving in the range of INR 29,680–32,230 per metric ton. Over the quarter, Ammonia prices have increased by approximately 8.6%, supported by sequential gains an increase by 9.6% in July, 4.7% in August, and 3.7% in September. This upward movement has been driven by firm domestic demand, particularly from fertilizer producers preparing for the Kharif season, which has strengthened India’s import requirements.

At the same time, stable but tight supply from Saudi Arabia, with producers operating at consistent rates but without additional capacity, has limited downward pressure. Additionally, moderate increases in global natural gas prices have elevated production costs for ammonia exporters, translating into higher CFR values. Freight stability and the absence of major supply chain disruptions have ensured smooth arrivals at JNPT, allowing prices to reflect fundamental market strength. Overall, the Q3 2025 ammonia import price trend in India has remained decisively upward.

According to the PriceWatch, In Q2 2025, the global Ammonia Anhydrous 99.5% Industrial Grade market has exhibited a mixed but predominantly downward price trend, shaped by region-specific supply–demand dynamics and evolving cost fundamentals. In North America, CFR Houston prices from Trinidad & Tobago have declined steadily, reflecting subdued agricultural off-take and sufficient Caribbean supply. In Europe, CFR Rotterdam values have moved lower throughout the quarter, as buyers have benefited from easing natural gas costs and uninterrupted import flows.

<span class=”NormalTextRun SCXW64254019 BCX8″>Across the Middle East, FOB prices in Saudi Arabia and Qatar have shown a marginally mixed trend, with early-quarter declines followed by moderate increases in May before softening again in June, driven by stable plant operations and balanced export availability. In the Asia-Pacific region, South Korea has registered a mild downward movement, while India (JNPT and Paradip) has witnessed a largely stable-to-slightly firm trend, supported by pre-monsoon fertilizer demand that has partially offset global weakness.

In South America, indirect demand indicators point to restrained purchasing, adding to global bearishness. Overall, the Q2 2025 market has been shaped by normalizing natural gas prices, adequate supply, and regionally uneven downstream consumption, keeping global ammonia sentiment moderately soft. 

According to the PriceWatch, In Q2 2025, The price of Ammonia Anhydrous 99.5% Industrial Grade, in India from Saudi Arabia, has shown a stable-to-firm upward price trend, with values trading in the range of INR 26,530–27,070 per metric ton over the quarter. Overall, prices have increased by 0.2% across Q2 2025, supported by sequential month-on-month movements an increase in May following a decrease in April, before stabilizing in June with a marginal increase. This quarterly trend has been influenced by steady agricultural demand from fertilizer producers preparing for pre-monsoon application cycles, which has strengthened India’s import requirements.

At the same time, firm supply fundamentals in Saudi Arabia, with producers operating consistently but without additional capacity, have prevented any downward correction. Additionally, moderately stable natural gas prices in the Middle East have kept production costs supported, translating into firm CFR values. With smooth freight operations and no major supply chain disruptions, arrivals at JNPT have proceeded without volatility. Overall, the Q2 2025 ammonia import price trend in India has remained moderately upward, supported by demand-led fundamentals.

In Q1 2025, the global Ammonia Anhydrous 99.5% Industrial Grade market has demonstrated a consistent downward price trend, with declines recorded across all major exporting and importing regions. In North America, CFR Houston values from Trinidad & Tobago have decreased steadily, pressured by softer agricultural demand and improved supply availability from the Caribbean. In Europe, CFR Rotterdam prices have similarly moved lower, as European buyers have benefited from declining feedstock gas costs and abundant offshore supply, particularly from Trinidad & Tobago.

The Asia-Pacific region has also experienced widespread declines: South Korea has seen a sharp correction due to moderate industrial consumption and stable Saudi export flows, while Indian ports (JNPT and Paradip) have reported significant downward movements driven by off-season fertilizer demand and ample Middle Eastern availability.

In the Middle East, FOB prices in Saudi Arabia and Qatar have declined notably, underpinned by easing global natural gas prices, steady plant operations, and subdued spot inquiries. In South America, although direct data is not provided, demand from Latin American buyers sourcing Caribbean cargoes has remained weak, contributing to a bearish global sentiment. Overall, Q1 2025 ammonia pricing has been under pressure amid balanced supply, muted downstream consumption, and stable energy fundamentals.

The price of Ammonia Anhydrous 99.5% Industrial Grade, in India from Saudi Arabia, in Q1 2025 has shown a distinct downward price trend, with values moving in the range of INR 29,590–34,260 per metric ton during the quarter. Overall, prices have decreased, following consecutive month-on-month declines a decrease in January, February, and in March. The quarterly decline has been driven by subdued agricultural demand during the off-season, which has reduced procurement from fertilizer manufacturers. Additionally, ample export availability from Saudi Arabia, supported by stable operating rates and no major plant disruptions, has contributed to softer CFR values.

The market has also been influenced by stable global natural gas prices, which have kept production costs contained and prevented any upward cost-push pressure. At the same time, smooth freight operations and the absence of supply chain bottlenecks have ensured steady inflows into JNPT, reinforcing buyer leverage. With international ammonia sentiment remaining weak amid muted buying interest in Asia, the Q1 2025 import price trend in India has remained decisively downward.

Ammonia Price Trend Analysis: Q4 2024

Ammonia prices remained firm at elevated levels in Q4 2024. FOB Middle East prices were stable between USD 421/MT in October and USD 410/MT in December 2024. Steady agricultural demand and constrained supply due to Arabian Gulf shipping delays buoyed the market. Congestion at key export ports further restricted availability, prompting buyers to secure long-term contracts for Q1 2025 shipments as a hedge against uncertainty.

Analysts noted ongoing buyer caution, reflecting concerns over future supply reliability and price volatility. Persistent demand from major importers helped maintain spot prices, reinforcing a balanced yet tense market environment throughout the final quarter of 2024.

In Q4 2024, CFR JNPT ammonia prices from Qatar rose to USD 465 /MT, a modest 0.905% increase from Q3, signalling continued price stability in Asia. Supply constraints, including intermittent plant outages and logistical hurdles, as well as fluctuating demand from fertilizer producers, shaped market trends.

However, the limited price movement highlights balanced market dynamics, with robust Indian demand and proactive inventory management helping to cushion the impact of global supply disruptions. The quarter’s overall stability underscores the resilience of ammonia trade routes and the importance of India’s role in global chemical and fertilizer markets.

Q3 marked a sharp recovery in ammonia markets, with notable price increases across key regions. In Trinidad and Tobago, FOB Lisas prices rose from USD 392/MT in July to USD 477/MT by September 2024, a 22% jump, while FOB Saudi ammonia prices climbed from USD 340/MT to USD 366/MT.  This rebound was primarily driven by seasonal demand ahead of the Rabi crop cycle, alongside planned turnarounds at Gulf production facilities.

Market participants observed tighter supplies due to operational outages and reported increased procurement activity from Europe and Brazil, which further supported upward momentum in FOB prices, reflecting renewed confidence and stronger market fundamentals. The combination of supply constraints and robust demand from agriculture and industry underpinned the price rally.

In Q3 2024, Ammonia prices at India’s Paradip port (CFR from Saudi Arabia) were rose sharply from Q2 levels. The sharp rise highlighted market volatility, contrasting with broader volatility from Saudi supply disruptions at Ma’aden and rising feedstock costs. The Saudi-to-India route stayed resilient and well-supplied, with significant price shifts despite external pressures and strong pre-planting season demand.

Efficient logistics, steady vessel schedules, and robust Indian fertilizer sector demand kept deliveries smooth. Proactive inventory management by importers further stabilized prices towards the end of the quarter, ensuring tight price ranges amid global uncertainties and supporting continued market balance throughout the period.

Ammonia prices experienced a persistent softening trend throughout Q2, with FOB Middle East quotes dropping from USD 351/MT in April to USD 286/MT by June. The decline was driven by sustained low demand, notably in Asia-Pacific, where procurement activity remained subdued, and by high inventory levels across global markets.

Middle Eastern suppliers intensified spot selling, further pressuring prices. Lower feedstock costs reduced production expenses, prompting producers to compete more aggressively and reinforcing the downward price momentum. These factors collectively heightened market volatility and dampened price recovery prospects in the near term.

The Q2 2024 CFR JNPT Ammonia price from Qatar was USD 365/MT, showing a negligible decrease of around 1% from Q1 2024. This indicates a period of price stability despite broader regional volatility. Supply-chain disruptions, fluctuating feedstock costs, and mixed demand from downstream sectors such as fertilizers, chemicals, and refrigeration contributed to slight price adjustments, but the market remained balanced, reflecting neither significant upward nor downward pressure compared to earlier quarters.

The cautious trading environment was further influenced by global economic uncertainties and India’s steady industrial demand for ammonia, which helped offset potential price swings. Overall, limited price movement and stable supply-demand dynamics characterized the period, with market participants closely monitoring both domestic and international developments to anticipate future trends.

Ammonia prices experienced a marked decline throughout Q1 2024, as FOB Lisas dropped from USD 535/MT in January to USD 424/MT in March, and FOB Saudi decreased from USD 481/MT to USD 306/MT. The downward movement was driven by reduced seasonal demand, particularly in Europe where a mild winter curbed industrial ammonia usage.

Increased export availability from North Africa, alongside rising inventories in the Middle East, further pressured the market. Weak spot demand from South Asian fertilizer producers compounded the trend, intensifying competition among suppliers and reinforcing the overall price weakness across global markets.

In Q1 2024, ammonia prices at India’s JNPT port (CFR from Saudi Arabia) rose marginally to USD 431/MT, a mere 0.5% increase from Q4 2023. This slight uptick reflects stable market conditions, with ample Saudi supply meeting steady, cautious Indian demand as agricultural needs grew. The market saw little disruption or volatility, as efficient Saudi production and only minor logistical delays kept prices nearly unchanged.

This stability highlights robust supply chain management and the absence of major external shocks, allowing both producers and buyers to operate smoothly. Overall, the market’s resilience reinforced ammonia’s critical role in supporting India’s agricultural and industrial sectors.

Technical Specifications of Ammonia Price Trends

Product Description

Ammonia is a colorless gas with a very distinct odor composed of nitrogen and hydrogen atoms. It is pungent gas composed of nitrogen and hydrogen. Its boiling point is −33.35 °C (−28.03 °F), and its freezing point is −77.7 °C (−107.8 °F) and has a high heat of vaporization. It has a trigonal pyramidal shape with the three hydrogen atoms, and an unshared pair of electrons attached to the nitrogen atom. It is produced through haber process, in which the atmospheric nitrogen (N2) is converted to ammonia (NH3) by reacting it with hydrogen (H2).

Identifiers and Classification:

  • CAS No – 7664-41-7
  • HS Code – 28142000
  • Molecular Formula – (NH3)
  • Molecular Weight (in gm/mol) – 17.031 g/mol


Ammonia Synonyms:

  • Aqueous Ammonia Solution
  • Anhydrous Ammonia
  • Ammonia Anhydrous
  • Liquid Ammonia


Ammonia Grades Specific Price Assessment:

  • Anhydrous Ammonia 99.5% Industrial Grade Price Trend


Ammonia Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 20-30MT
  • Packaging Type (Product & Country Specific): Pressurized Tanks (Vessel)


Incoterms Referenced in Ammonia Price Reporting

Shipping Term Location Definition</td>
FOB Ras Al Khair Ras Al Khair, Saudi Arabia Anhydrous Ammonia Export price from Saudi Arabia
FOB Mesaieed Mesaieed, Qatar Anhydrous Ammonia Export price from Qatar
th=”156″>FOB Lisas Lisas, Trinidad & Tobago Anhydrous Ammonia Export price from Trinidad & Tobago
CFR JNPT (Saudi Arabia) JNPT, India Anhydrous Ammonia Import price in India from Saudi Arabia.
CFR Paradip (Saudi Arabia) Paradip, India Anhydrous Ammonia Import price in India from Saudi Arabia.
CFR Rotterdam (Trinidad & Tobago) Rotterdam, Netherland Anhydrous Ammonia Import price in Netherland from Trinidad & Tobago
CFR Ulsan (Saudi Arabia) Ulsan, South Korea Anhydrous Ammonia Import price in South Korea from Saudi Arabia
CFR Houston (Trinidad and Tobago) Houston, USA Anhydrous Ammonia Import price in USA from Trinidad & Tobago

*Quotation Terms refers to the quantity range specified for the Ammonia being quoted or offered in a commercial transaction.
**Packaging Type refers to standard packaging size commonly used for Ammonia packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Ammonia Manufacturers

Manufacturer
Qatar Fertiliser Company
Indian Farmers Fertiliser Cooperative
Coromandel International Ltd.
Ma’aden

Ammonia Industrial Applications

ammonia market share end use

Historically, several events have caused significant fluctuations in Ammonia prices

Severe Weather and Supply Chain Disruptions (2023–2024):

  • Cause: Extreme weather events (hurricanes, typhoons) and labor strikes affecting production and logistics.
  • Impact: Supply shortages and sharp price increases, with volatility as production and logistics recovered.

Energy Crisis and Russian Export Disruptions (2021–2022):

  • Cause: Surging natural gas prices in Europe and reduced Russian exports due to geopolitical tensions and Ukraine conflict.
  • Impact: Record-high ammonia prices, limited supply, and increased production costs, especially in Europe.

COVID-19 Pandemic (2020): 

  • Cause: Global lockdowns and reduced economic activity.
  • Impact: Sharp drop in ammonia demand and prices, followed by a strong rebound as economies reopened.

These events underscore the Ammonia market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global ammonia price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the ammonia market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence ammonia prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely ammonia market data.

Track Price Watch's™ ammonia price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Ammonia Market Price Trend published by 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ assumes no liability for decisions taken based on this information.

Ammonia prices in the global market are primarily influenced by natural gas costs, as most production relies on gas for hydrogen synthesis. Supply chain disruptions, geopolitical events, and export restrictions from major producers further impact pricing by tightening availability.

Agricultural demand for fertilizers remains a key driver, while industrial uses provide steady consumption. Logistical challenges, such as port congestion and shipping delays, add to price volatility. Additionally, weather events, infrastructure constraints, and emerging green ammonia initiatives shape both short- and long-term price trends.

Ammonia availability directly influences pricing trends: when supply is tight due to production outages, logistical disruptions, or export restrictions, prices typically rise as demand outstrips available stocks. Conversely, improved availability from stable production or sufficient imports can ease price pressures, especially if demand is steady or subdued. Therefore, ammonia prices are highly sensitive to changes in supply chain efficiency and regional inventory levels.

Ammonia prices globally are mainly driven by natural gas costs, as most production uses gas for hydrogen. Supply chain disruptions, geopolitical tensions (like export restrictions), and logistics issues also cause volatility. Demand from agriculture (for fertilizers) and industry keeps prices active, while production outages and infrastructure differences between regions add pressure. Emerging green ammonia and climate policies, plus macroeconomic factors like currency and inflation, further shape long- and short-term pricing trends.

Ammonia (NH₃) is a colorless, pungent gas composed of one nitrogen atom and three hydrogen atoms, produced industrially via the Haber-Bosch process using natural gas as a primary feedstock. Its price matters significantly due to its foundational role in global agriculture, where over 80% of production serves as a nitrogen source for fertilizers like urea and ammonium nitrate, directly influencing crop yields and food security. Beyond fertilizers, Ammonia supports refrigeration, explosives, plastics, and emerging clean energy applications like hydrogen carriers, amplifying its economic impact across chemicals, manufacturing, and decarbonization efforts. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks Ammonia prices to help businesses stay informed about market movements and cost trends.

Ammonia prices vary by Prices vary by origin, basis (FOB/CIF), and date. Prices are usually quoted per metric ton and fluctuate based on supply-demand balance and feedstock costs. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides up-to-date price assessments across key global markets.

Ammonia prices show mixed regional trends. Natural gas prices dominate as the main feedstock and energy source for ammonia production via the Haber-Bosch process. Fertilizer demand cycles, especially seasonal agriculture, drive 70-80% of consumption and cause volatility.

Agriculture dominates ammonia consumption globally, accounting for 70-80% of total demand primarily through fertilizers like urea and ammonium nitrate. Other key industries include chemicals (for nitric acid, plastics, and explosives), refrigeration, and emerging clean energy sectors.

Ammonia is industrially produced almost exclusively through the Haber-Bosch process, which synthesizes it from nitrogen in the air and hydrogen derived mainly from natural gas. This method accounts for over 90% of global supply, with emerging green alternatives using electrolysis for hydrogen.

Trinidad & Tobago, Saudi Arabia, Qatar are the major exporter of Ammonia. Export volumes fluctuate depending on production capacity utilization, local demand levels, and competitive pricing factors. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ monitors global trade flows and supply availability.

Global ammonia production currently meets and slightly exceeds demand. Agriculture consumes 70-80% of output for fertilizers, with chemicals and refrigeration taking the rest; no widespread shortages are reported in 2026 despite regional tightness in North America and Africa. Emerging green ammonia demand grows rapidly (20%+ CAGR), but conventional “brown” production dominates, ensuring ample total supply. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ closely tracks supply-demand balances to highlight potential shortages or oversupply situations.

Ammonia is classified into grades primarily based on purity (water content and impurities), tailored to end-use applications like fertilizers, refrigeration, and metallurgy. Higher purity grades command premium prices due to stricter production controls, purification costs, and specialized handling needs. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides grade-wise price assessments for better market clarity.

When ammonia demand surges suddenly often from seasonal farming peaks or fertilizer shortages prices typically spike for short-term due to tight supply chains and production lags. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ captures these shifts in real time.

Natural gas prices directly drive ammonia production costs via the Haber-Bosch process, where it’s used as feedstock for hydrogen and for energy. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ analyses Ammonia price correlations to explain cost movements.

Regional ammonia prices differ mainly due to variations in energy/feedstock costs, local production capacity, import dependency, freight/logistics, and demand patterns. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks regional differentials to highlight pricing gaps across markets.

Ammonia prices are forecasted to moderate in 2026 after recent gains, with potential Q1 surplus from new US capacity pressuring values downward, though fertilizer demand and gas volatility support firmness later in the year. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ publishes regular forecasts projecting price direction over the next 12 months.

Yes. Reliable forecasts help buyers plan procurement, manage inventory, negotiate contracts, and control packaging costs. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ forecasts support smarter purchasing and budgeting decisions.

Global events like geopolitical tensions, weather extremes, and energy market shocks significantly disrupt ammonia supply chains and drive price volatility. Key examples include Russia’s 2022 export curbs amid the Ukraine conflict, which spiked European prices over 200%, and hurricanes delaying US Gulf shipments. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides timely updates on such market-moving events.

𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ gathers data from producers, converters, traders, and buyers to publish transparent Ammonia price assessments, market reports, and forecasts, helping stakeholders stay ahead of market trends.

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