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.
Illinois anhydrous ammonia prices are sharply higher than the prior two years and remain volatile, driven by the war in Iran and Strait of Hormuz logistics risks. Elevated costs are expected to persist into fall fertilizer application season.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ammonia | China | FOB | USD 354.70/MT | August 2026 |
| Ammonia | India | CIF | USD 445.49/MT | August 2026 |
| Ammonia | USA | CIF | USD 510.32/MT | August 2026 |
| Ammonia | Brazil | CIF | USD 497.13/MT | August 2026 |
| Ammonia | Canada | CIF | USD 525.32/MT | August 2026 |
| Ammonia | China | FOB | USD 324.12/MT | July 2026 |
| Ammonia | India | CIF | USD 430.93/MT | July 2026 |
| Ammonia | USA | CIF | USD 511.61/MT | July 2026 |
| Ammonia | Brazil | CIF | USD 495.73/MT | July 2026 |
| Ammonia | Canada | CIF | USD 526.61/MT | July 2026 |
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Asia
In China, the average price of Ammonia rose from ~USD 324.12/MT (FOB) in July to ~USD 354.70/MT in August, an increase of ~9.4%. India saw a smaller rise of about 3.4%, from ~USD 430.93/MT (CIF) to ~USD 445.49/MT. The Middle East supplied 80% of India’s ammonia imports in 2025, so continued disruption around Hormuz forced Indian buyers to turn to China, Egypt, Vietnam and Russia. This shift lifted Chinese export values, as China’s nitrogen exports rose 47% in the first half. However, prices weakened again in late August, as weak Indian buying, a sulphur shortage affecting phosphate output and full storage in South Korea reduced regional demand.
Europe
European ammonia remained comparatively firm, supported by high natural gas costs that kept production expensive. Regional ammonia output fell in Q2 due to maintenance and unplanned outages, and producers expected gas costs to stay higher in Q3. A drop in gas prices in early August eased some cost pressure, but slow nitrate demand limited buying. EU nitrogen imports fell around 51% in the first half, reflecting the loss of Middle East supply.
North America
In the USA, average ammonia import prices held almost steady, easing from nearly USD 511.61/MT (CIF) in July to roughly USD 510.32/MT in August. Canada followed with a similar dip from ~USD 526.61/MT (CIF) to ~USD 525.32/MT. The regional benchmark import contract fell for a fourth straight month, partly because phosphate producers used less ammonia. However, retail anhydrous prices bottomed in July and rose into September as farmers prepared for autumn application, while cheap natural gas kept US production costs low and supported higher exports.
Analyst Insight
According to Procurement Resource, ammonia is likely to remain soft in import markets as new supply routes settle, while seasonal farm demand and high European gas costs provide some regional support.
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Asia
In China, ammonia prices fell from ~USD 408.81/MT to ~USD 339.00/MT, respectively, in the first and last month if the second quarter of 2026, showing a ~17.1% decrease during the said period. The market strengthened slightly early in Q2 as maintenance activities and temporary operating disruptions reduced availability, while agricultural and industrial buyers increased purchases. Conditions reversed in May as restarted plants improved supply, fertilizer producers reduced procurement and buyers shifted to immediate purchasing. Chinese ammonia demand weakened from urea, compound fertilizers, nitric acid and caprolactam sectors, limiting price recovery. In India, ammonia prices declined to ~USD 458.70/MT in April and ~USD 426.90/MT in June, showing a ~6.9% decrease. Fertilizer demand ahead of the Kharif season provided support, with expected fertilizer requirements reaching 390.54 lakh tonnes and available stocks covering over 51% of demand. Higher inventory availability reduced the need for urgent ammonia imports despite continued shipping risks.
Europe
In the European region, the ammonia price graph displayed mixed trends during Q2'26. Ammonia prices remained supported early in Q2 due to high natural gas costs, reduced domestic production economics and supply uncertainty from disrupted imports. Gas expenses remained a major challenge, with European producers facing significantly higher energy costs compared with US suppliers. However, weak downstream demand limited further price increases. Euro-area industrial production increased only 0.1% month on month in April, restricting ammonia consumption from chemicals, explosives, refrigeration and industrial applications. Cautious fertilizer buying and uncertainty around carbon-related import requirements reduced inventory building, keeping the market balanced despite high production costs. By the end of the quarter, the ammonia prices showed a slight decline as the natural gas prices normalised.
North America
In the United States, ammonia prices were ~USD 495.81/MT in April to ~USD 494.30/MT in the last month of Q2’26. The market received early support from global supply disruptions but weakened later as domestic availability improved. Meanwhile, Woodside’s Beaumont New Ammonia facility in Texas added up to 1.1 million tonnes annually of production capacity during the quarter, improving regional supply security and reducing import dependence. Furthermore, adequate natural gas availability by the end of the quarter supported producers. However, lower US corn planting of 95.3 million acres reduced potential nitrogen fertilizer demand growth. Overall, the ammonia price curve witnessed limited fluctuations during the second quarter of 2026.
Analyst Insight
According to Procurement Resource, ammonia prices are likely to remain sensitive to fertilizer demand, natural gas costs, production reliability and trade flows, with seasonal agricultural buying providing potential support.
Ammonia is a colourless alkaline gas which is one of the most widely available nitrogen-containing compounds in the atmosphere. It is also known as an irritant having a characteristic pungent odour that is typically utilised at a commercial scale. Ammonia is highly miscible in water and, upon inhalation, is deposited in the upper airways.
NH3
Purify water supplies, Fabrics, Plastics, Pharmaceuticals, Explosives
7664-41-7, Azane, Ammonia gas, Spirit of hartshorn
Yara International, Qatar Fertiliser Company, Nutrien Ltd., Jordan Phosphate Mines Company Limited, Eurochem Group AG, Yidu Xingfa Chemical Co., Ltd., Yunnan Yuntianhua International Chemical Co., Ltd, Chemische Fabrik Budenheim KG, Innophos, Inc., Maaden-Saudi Arabian Mining Company
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
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.
In the Haber process, hydrogen is produced via natural gas, which is further combined with nitrogen in the presence of iron to finally form Ammonia.
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The report is a detailed study of economics of production of nitric acid by Ostwald’s Process. This process involves the high-temperature oxidation of anhydrous ammonia to nitric oxide in the presence of platinum or rhodium gauze.
This report provides the economy of producing ammonia by partial oxidation method.
This report provides the cost structure of ammonia production by Haber Process.
The report is a detailed study of economics of ammonium nitrate by the reaction of nitric acid on anhydrous ammonia resulting in an aqueous ammonium nitrate solution.
Ammonia Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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