Price Watch™ provides price assessments for Ammonium Nitrate across top trading regions:
Asia-Pacific
- Standard Caprolactam Ex West, India
- Standard Caprolactam FOB Qingdao, China
- Granular Caprolactam FOB Qingdao, China
- Standard Caprolactam CFR Tanjung Priok (China), Indonesia
North America
- Granular Caprolactam FOB Illinois River Terminals (US Mid-West), USA
Europe
- Standard Caprolactam FOB Antwerp, Belgium
- Granular Caprolactam FOB Antwerp, Belgium
South America
- Standard Caprolactam CFR Santos (China), Brazil
- Granular Caprolactam CFR Santos (China), Brazil
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.
Ammonium Sulphate Price Trend Q4 2025
In Q4 2025, the ammonium sulphate price trend showed a minor decrease of 1% from the previous quarter due to balanced-to-soft fundamental market conditions. The amount of ammonium sulphate used by consumers in agriculture continued to be consistent, albeit largely by need-based consumption as the normal seasonality for application took place in key consumption areas. Limited upward movement in consumption has been due to stable planting activities but limited procurement and lots of existing inventory.
The supply-side saw stable production levels where manufacturers operated at moderate rates to limit the risk of excess inventory builds. There are two primary sources of ammonium sulphate production; ammonium sulphate produced when ammonia reacts with sulphuric acid and ammonium sulphate produced as by-product from the production of caprolactam.
The prices of both feedstock ammonia and sulphuric acid saw limited volatility meaning that producers can expect stable cost to produce. There has been limited export activity because of competitive offers from around the world and sufficient supply. Overall, the market saw sufficient supply, stable production, and controlled consumption which resulted in only a marginal correction in price during the reporting quarter.
India: Ammonium Sulphate Domestic prices Ex-West, India; Grade – Standard Caprolactam Ex-West India
The Ammonium Sulphate price trend in India through Q4 2025 reflected a moderate softening, with prices declining 2% quarter-on-quarter amid comfortable supply levels and largely need-based procurement. Fertilizer sector demand remained steady but cautious, as buyers maintained adequate inventories and avoided aggressive restocking. Seasonal consumption patterns held stable without meaningful volume uplift. Production facilities operated at balanced rates, while feedstock ammonia and sulphuric acid costs remained relatively stable, offering limited price support. In December 2025, Ammonium Sulphate prices in India eased a further 1%, as cautious restocking behaviour and competitive export availability reinforced the quarter’s prevailing soft-to-balanced market sentiment.
China: Ammonium Sulphate Export prices Qingdao, China; Grade- Standard Caprolactam
The ammonium sulphate price trend in China during Q4 2025 shows slight correction with prices down 1% quarter on quarter because agricultural continued to develop without overly aggressive restocking behaviour from buyers. Buyers have been very cautious to procure as inventory positions have been generally comfortable; therefore, consumption patterns have been stable, but not overly aggressive. Manufacturers have been producing at controlled levels to keep production in line with downstream needs in order to avoid large amounts of stockpiling.
Both feedstock ammonia and sulphur prices experienced very little volatility thus creating little price support for producers. As of December 2025 ammonium sulphate prices in China had increased slightly by 1%, driven by improved seasonal demand and shorter-term restocking activities and closed out the quarter in a stable and balanced manner.
Belgium: Ammonium Sulphate Export prices Antwerp, Belgium; Grade- Granular Caprolactam
The Ammonium Sulphate price trend in Belgium through Q4 2025 reflected a firm upward movement, with prices rising 2% quarter-on-quarter supported by steady agricultural demand and improved procurement activity ahead of seasonal applications. Fertilizer blenders and distributors drove consistent inventory replenishment, sustaining healthy consumption levels through the quarter. Producers maintained moderate operating rates, keeping supply balanced with downstream requirements.
Feedstock ammonia and sulphuric acid prices held relatively stable, providing consistent cost support. Intra-European export activity remained steady amid controlled supply conditions. In December 2025, Ammonium Sulphate prices in Belgium held stable, underpinned by balanced demand and steady feedstock costs, closing the quarter on a firm yet measured note.
USA: Ammonium Sulphate Export prices US Mid-West, USA; Grade- Granular Caprolactam
The Ammonium Sulphate price trend in USA through Q4 2025 reflected a moderate softening, with prices declining 2% quarter-on-quarter as distributors and agricultural retailers adopted cautious procurement strategies amid comfortable inventory levels. Consumption remained steady but largely need-based, supported by routine fertilizer applications across key farming regions.
Manufacturers maintained balanced operating rates, while feedstock ammonia and sulphuric acid prices showed limited volatility, offering minimal upward cost pressure. Export demand stayed measured amid competitive global availability. In December 2025, Ammonium Sulphate prices in USA firmed marginally by 1%, supported by short-term restocking activity and improved domestic inquiries, closing the quarter on a stable note.
Indonesia: Ammonium Sulphate Imported prices Tanjung Priok, Indonesia from China; Grade- Standard Caprolactam
The Ammonium Sulphate price trend in Indonesia through Q4 2025 remained largely flat, with prices holding steady quarter-on-quarter as agricultural demand progressed at a routine pace. Plantation crops and food grain sectors sustained consistent fertilizer consumption, while distributors maintained cautious yet balanced procurement strategies.
Domestic production and import volumes adequately met prevailing consumption requirements, with producers operating at moderate rates to prevent excess inventory accumulation. Feedstock ammonia and sulphuric acid prices remained stable, offering limited cost pressure. In December 2025, Ammonium Sulphate prices in Indonesia declined 3%, as weak export demand and year-end inventory adjustments weighed on closing market sentiment.
Brazil: Ammonium Sulphate Imported prices Santos, Brazil from China; Grade- Standard Caprolactam
In Q4 2025, the price trend of ammonium sulphate prices in Brazil showed stability, with prices remaining unchanged at all times quarter-on-quarter; stable agricultural activity continued across crops of soybeans, corn, and sugarcane throughout the entire quarter. Distributors followed structured procuring cycles, maintaining sufficient amounts of inventory without over stocking.
A combination of domestic production products and continuous amounts of import products have been important for each respective area of the country to provide enough availability of ammonium sulphate products; ammonium sulphate manufacturers ran a schedule of moderate production rates to avoid large amounts of excess salt build up.
The feedstocks ammonia and sulfuric acid also maintained stable prices during the entire quarter; therefore, pricing throughout the quarter for ammonium sulphate products was also stable, resulting in a lack of large price fluctuations. In the month of December (2025), the price of ammonium sulphate in Brazil firmed by 3% with additional demand due to seasonality and a return of near-term restocking activity at the end of the quarter.




