| Product |
Category |
Region |
Price |
Last Updated Month |
| Urea |
Agriculture, Farming and Commodity |
China |
$224 USD/MT |
October’25 |
| Urea |
Agriculture, Farming and Commodity |
China |
$244 USD/MT |
December’25 |
Asia
The market for Urea in Asia, particularly China, experienced predominantly upward price momentum during the fourth quarter. Following a slight decline in early October, prices embarked on a sustained upward trajectory that continued through November and most of December. The prices were about 224 USD/MT (Spot FD) in October and around 244 USD/MT in December.
Production capacity continued to expand across the region, with multiple facilities operating at elevated rates, yet this did not prevent the price appreciation. Several factors contributed to the strengthening of market conditions. Tightening export policies from major producing nations created supply uncertainty in international markets, supporting price increases. Geopolitical developments affecting production facilities and trade routes added volatility to market sentiment.
Natural gas costs remained a critical input factor, with energy price movements influencing production economics and providing cost support to manufacturers. Demand from key importing nations strengthened through the quarter as buyers secured inventory for upcoming application seasons. The quarter concluded with prices significantly elevated from opening levels, reflecting improved market dynamics and strengthened sentiment across the nitrogen fertilizer complex.
Europe
European Urea markets mirrored the upward pricing patterns observed in Asia throughout the fourth quarter. Progressive strengthening occurred as supply concerns emerged and demand remained steady. The implementation of carbon adjustment mechanisms affecting imported fertilizers added complexity to market dynamics.
Energy costs remained elevated, impacting production economics for regional manufacturers. Trade barriers and compliance requirements affecting fertilizer flows from certain origins created supply disruptions that supported price appreciation. Demand from agricultural sectors remained steady as buyers secured inventory ahead of the upcoming application season.
North America
North American Urea markets followed similar upward trends to Asian and European regions during the quarter. Prices climbed steadily through the period following initial softness. Production capacity adjustments at certain facilities influenced supply availability.
Import demand remained consistent as domestic agricultural sectors maintained regular procurement schedules. Transportation and logistics costs contributed to overall price structures, while seasonal demand patterns from industrial and agricultural applications provided baseline support throughout the quarter.
Analyst Insight
According to Procurement Resource, urea prices are expected to maintain similar elevated levels in the near term, supported by continued supply uncertainties and steady demand from major consuming regions.
