| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| 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 |
| Ammonium Nitrate | China | FOB | USD 578.23/MT | March 2026 |
| Ammonium Nitrate | India | CIF | USD 322.93/MT | March 2026 |
Stay updated with the latest ammonium nitrate prices, historical data, and tailored regional analysis
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.
Analyst Insight
According to Procurement Resource, ammonium nitrate prices are expected to remain firm as long as supply disruptions and feedstock pressure persist, with any easing in shipping constraints likely to stabilize the market.
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Asia
In Asia, the prices of ammonium nitrate in the fourth quarter of 2025 were somewhat mixed, though largely stable. In October, the Asian market was characterized by balanced conditions, as the prices of ammonia stopped declining and traded in a narrow range. At the same time, there was comfortable supply, driven by the fact that many ammonia plants ran at medium to high rates. The demand from the fertilizer industry was not very strong, particularly because agricultural demand did not live up to initial expectations. In November, the tight ammonia supply resulting from plant maintenance helped to sustain the strength of prices, thus somewhat supporting the sentiment in the ammonium nitrate market. By December, as ammonia supply picked up and winter slowed transportation in northern regions, buying weakened somewhat.
Europe
In the European market, ammonium nitrate prices have remained steady in Q4’25. The supply of ammonia, which is the raw material, has been carefully managed by the industry. The prices of natural gas fell, and this helped to prevent prices from rising. On the demand side, the fertilizer industry adopted a cautious buying strategy, driven by poor farm economics and low crop prices. The construction and industrial sector were slow, and this helped to prevent additional demand. There was some export demand, but it was small, and hence the prices remained steady.
North America
In North America, ammonium nitrate prices remained steady during the quarter. While some ammonia plants were undergoing maintenance, supply was met by inventory and import levels. Demand for downstream fertilizer remained weak, with farmers conserving expenditure and tight credit conditions. Demand for industrial and construction use remained moderate but not robust. In November, ammonium nitrate prices received some support due to strengthening ammonia prices, but this trend eased as the supply improved in late December. The overall trend remained steady with minimal price changes.
Analyst Insight
According to Procurement Resource, Ammonium Nitrate prices are expected to remain steady with small variations based on ammonia and seasonal fertilizer demand.
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.
NH4NO3
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
Ammonium Nitricum, Ammonium Saltpetre
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
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.
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.
Udeesha Tomar
AVP - Strategy and Solutions
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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.
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