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Ammonium Nitrate Price Trend Analysis 2026: Latest News, Market Insights, Price Drivers, Supply Demand Analysis & Historical Prices
Written ByShriya Singh
Ammonium Nitrate Price Trend Q2 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ammonium Nitrate | China | FOB | USD 636.90/MT | May 2026 |
| Ammonium Nitrate | India | CIF | USD 704.24/MT | May 2026 |
| Ammonium Nitrate | USA | CIF | USD 756.09/MT | May 2026 |
| Ammonium Nitrate | Brazil | CIF | USD 768.90/MT | May 2026 |
| Ammonium Nitrate | Canada | CIF | USD 761.90/MT | May 2026 |
| Ammonium Nitrate | China | FOB | USD 630.25/MT | April 2026 |
| Ammonium Nitrate | India | CIF | USD 680.13/MT | April 2026 |
| Ammonium Nitrate | USA | CIF | USD 717.25/MT | April 2026 |
| Ammonium Nitrate | Brazil | CIF | USD 751.35/MT | April 2026 |
| Ammonium Nitrate | Canada | CIF | USD 717.25/MT | April 2026 |
Stay updated with the latest ammonium nitrate prices, historical data, and tailored regional analysis
Latest Development
Japan Subsidizes Green Ammonia Supply
Japan's METI granted a $3 billion CfD subsidy to ACME-IHI for 228,000 t/y green ammonia exports from India starting 2030. The program reduces price risk for producers and secures offtake by Japanese users, encouraging low-carbon ammonia production and likely stabilizing green ammonia prices in the long run.
- Ammonium nitrate prices increased globally in Q2 2026 as fertilizer supply chains tightened amid shifting export policies, seasonal procurement and geopolitical disruptions affecting nitrogen availability.
- Natural gas, ammonia and nitric acid costs remained the key upstream drivers, while India planned tenders for 5.36 lakh MT of ammonia to strengthen agricultural-season supply.
- Agricultural fertilizer demand remained the primary downstream driver, while mining and commercial explosives provided additional consumption, supporting prices despite delayed seasonal purchasing in some markets.
Asia
In China, ammonium nitrate prices increased from ~USD 630.25/MT to ~USD 641.00/MT during the second quarter of 2026, showing a ~1.7% increase. The modest rise reflected tighter nitrogen availability and changing fertilizer trade conditions as producers prioritized domestic supply. Export controls and shifting regional trade flows limited supply flexibility, while ammonia availability and natural gas costs influenced production economics. Agricultural demand remained the principal outlet, with seasonal fertilizer requirements providing support despite cautious procurement. Upstream ammonium nitrate production remained closely linked to ammonia and nitric acid availability, making disruptions across the nitrogen chain significant for regional pricing. India’s fertilizer supply planning also indicated active preparation for the agricultural season, with tenders covering 5.36 lakh MT of ammonia.
Europe
European ammonium nitrate markets remained affected by delayed seasonal fertilizer purchasing, volatile energy costs and changing nitrogen supply conditions. Natural gas remained a critical production-cost factor because it directly influences ammonia economics, while ammonia and nitric acid availability determined ammonium nitrate production flexibility. Market activity improved later in Q2’26 after a slower start, but procurement remained sensitive to fertilizer affordability and seasonal application requirements. Geopolitical disruptions and tighter international fertilizer trade flows added uncertainty to replacement costs, while agricultural demand continued to anchor consumption. Commercial explosives and industrial applications provided additional support but remained secondary to fertilizer use.
North America
In Canada, ammonium nitrate prices increased from ~USD 717.25/MT in April to ~USD 796.00/MT in June, showing a ~11.0% increase. Strong agricultural demand and tighter nitrogen supply conditions supported the increase, while ammonia and nitric acid costs influenced producer economics. Ammonium nitrate’s use in both fertilizers and commercial explosives broadened the demand base, with mining activity providing additional support. Integrated nitrogen production capacity helped maintain regional supply, although natural gas availability and disruptions in global fertilizer logistics remained important cost considerations.
Analyst Insight
According to Procurement Resource, prices are likely to remain firm as agricultural demand, ammonia availability, natural gas costs and fertilizer trade policies continue to shape regional supply balances.
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- Global ammonium nitrate prices moved upward in Q1’26 as Iran war tensions and the Strait of Hormuz closure disrupted fertilizer trade flows, with shipping activity dropping sharply and restricting supply across importing regions
- Feedstock pressure increased as nitrogen fertilizers depend heavily on natural gas, and rising gas costs pushed up production costs across Europe and Asia
- Downstream demand remained firm from agriculture and mining, supported by spring planting and industrial consumption despite supply uncertainty
Asia
Ammonium nitrate prices in Asia followed a firm upward trend in Q1’26 due to tightening supply and steady fertilizer demand. The disruption in Hormuz-linked trade reduced the availability of ammonia and nitrogen feedstocks, increasing production and import costs. Lower vessel movement and restricted logistics reduced cargo flow into key Asian markets, while stable agricultural demand maintained procurement activity. The region remained sensitive to global nitrogen supply disruptions due to its reliance on imports and integrated fertilizer trade flows.
Europe
Ammonium nitrate prices in Europe increased in Q1’26 as feedstock costs and supply risks intensified. Natural gas volatility raised production costs for nitrogen fertilizers, reducing operating rates and tightening supply. The Iran war amplified supply concerns, as around one-third of global seaborne fertilizer trade, about 16 million tonnes annually, passes through the Strait of Hormuz, increasing import risk and logistics uncertainty. Strong agricultural demand during the spring season supported firm market conditions despite production constraints.
North America
Ammonium nitrate prices in North America remained firm with a moderate upward trend in Q1’26, supported by steady domestic demand and global nitrogen tightness. The region was less exposed to direct supply disruptions due to strong domestic production, but global trade constraints increased replacement costs. Seasonal demand from agriculture and steady industrial consumption sustained buying activity, while global supply chain disruption influenced market sentiment.
About Ammonium Nitrate
Ammonium Nitrate is widely available both as colourless crystalline solid and processed prills for specific applications. It is miscible in water. It is utilised to make fertilisers and explosives. It is also utilised as a nutrient in producing antibiotics and yeast.
Ammonium Nitrate Product Detail
Chemical Formula
NH4NO3
Cas Number
6484-52-2
Molecular Weight
80.044 g/mol
Industrial Uses
Agricultural chemicals (non-pesticidal), Industrial/mining explosives, Intermediates, Odour agents, Oxidising/reducing agents, Plasticisers, Plating agents and surface treating agents, Processing aids, pH buffering agent
Synonyms
Ammonium Nitricum, Ammonium Saltpetre
Supplier Database
EuroChem Group AG, Fertiberia, S.A, VWR International, LLC, Yara International ASA, CF Industries Holdings, Inc., Sumitomo Chemical Co., Ltd., San Corporation, PhosAgro Group of Companies
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
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.
Ammonium Nitrate Production Processes
- Production of Ammonium Nitrate via Ammonia; and via Metal Nitrates
The commercial manufacturing of ammonium nitrate from ammonia entails the acid-base reaction of ammonia with nitric acid. After the solution is formed, usually at about 83% concentration, the excess water is evaporated to an ammonium nitrate (AN) content of 95% to 99.9% concentration (AN melt), depending on the grade.
Our Price Analysis Methodology
About the Author
Shriya Singh
Business Insights Analyst
Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.
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