Retail anhydrous ammonia prices in Illinois have risen significantly compared to both last year and two years prior, reaching levels only seen once in the past decade. High nitrogen fertilizer costs are creating strong economic incentives for farmers to reduce application rates, though historical data shows many farmers have been slow to adjust rates downward even when prices are elevated.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Potassium Nitrate | China | SPOT | USD 689.00/MT | October 2026 |
| Potassium Nitrate | China | SPOT | USD 700.00/MT | September 2026 |
Stay updated with the latest Potassium Nitrate prices, historical data, and tailored regional analysis
Asia
Asian potassium nitrate markets remained relatively supported through H1 2026 as strong fertilizer fundamentals and demand for water-soluble nutrients underpinned procurement. China and India remained important regional markets, with consumption linked to specialty agriculture, fertigation, horticulture, and high-value crops. Higher global potash benchmarks increased upstream cost pressure. At the same time, substantial regional availability and Chinese production capacity limited the potential for severe supply tightness. Indian demand remained supported by the growing use of precision irrigation and specialty fertilizers, while buyers continued to balance agricultural requirements against import and freight economics.
Europe
European potassium nitrate procurement maintained a moderately firm tone during H1 2026, supported by specialty-fertilizer demand from horticulture, protected cultivation, and high-value crops. Potassium nitrate's water-soluble and chloride-free characteristics continued to make it suitable for fertigation and precision nutrient management. However, the market did not show evidence of an acute supply shortage. European buyers remained sensitive to imported material availability, freight costs, and upstream potassium fundamentals. Seasonal agricultural demand provided support during the main application periods, while stable availability from major international suppliers kept procurement conditions relatively balanced.
North America
North American potassium nitrate demand remained comparatively stable through H1 2026, with specialty agriculture, greenhouse production, and industrial applications providing a diversified consumption base. Firm global potash fundamentals increased the underlying cost pressure. SQM's 2026 outlook indicated stable industrial potassium nitrate sales volumes and a stable price environment, suggesting that availability remained adequate despite supportive upstream conditions. Consequently, procurement conditions were shaped more by feedstock economics and downstream demand than by significant physical shortages.
Analyst Insight
According to Procurement Resource, potassium nitrate costs maintained a moderately firm underlying trend in H1 2026 as supportive potash fundamentals met resilient specialty-fertilizer demand, while adequate global production limited sharper supply-side escalation.
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Asia
Potassium nitrate prices in Asia were relatively stable in Q4’25. Fertilizer and chemical sector demand was steady, supporting the said market. Meanwhile, restocking activities from the end users were subdued, hence keeping the market in balance. There were instances where the end users in the agriculture sector were regular in their demand for potassium nitrate. Similarly, the manufacturers were cautious in their inventory management. Hence, the overall market was active with price movements being gradual rather than sharp.
Europe
During Q4’25, prices of potassium nitrate in the European market showed a slight increase. However, the increase was moderate. Demand for the chemical continued unabated from the fertilizer industry, chemical plants, and other consumers. This helped to ensure a solid foundation for consumption. Outages in neighbouring countries contributed to a sense of caution in the market. Producers were able to manage inventories through careful pricing. This allowed for a controlled market environment. Seasonal influences and winter demand were a major contributor to a relatively steady market.
North America
In the North America market, prices remained relatively stable during most of Q4’25. However, prices softened slightly towards the end of the said quarter. Due to domestic production constraints, the region depended on imports to meet demand. The traders and buyers of the region kept their inventory tight and purchased cautiously until new shipments arrived. The demand for potassium nitrate from the agricultural and industrial sectors of the region remained steady. The supply of the chemical was adequate to meet regional demand and maintain prices within stable limits.
Potassium nitrate is a white solid formed by the fractional crystallization of sodium nitrate and potassium chloride solutions. It is non-deliquescent in nature and soluble in water. It is used as a desensitizing agent, making gunpowder, fertilizers, and nitric acid.
KNO3
Fertilisers, explosives, medicine, toothpaste, preservative
Saltpetre, nitre
Haifa Chemicals Ltd, Migao Corporation, SQM S.A., Uralchem JSC, Yara North America, Inc.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Potassium nitrate is obtained by the double decomposition of potassium chloride and sodium nitrate. Solid potassium chloride is added to the reactor containing sodium nitrate hot solution, cooling the solution and producing potassium nitrate.
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