Anhydrous Ammonia prices in 2025 recorded a mixed trend in the major regions of the world. In Asia, i.e., China and India, the market started the year with a sharp decline in prices. The primary reasons for this decline were oversupply and low demand from both agricultural and industrial segments. In the first quarter, the prices fell as a result of new supply and low farm demand, as it was the off-season. In the second quarter, the prices somewhat leveled out as a result of pre-season stocking for kharif crops.
During the third quarter, prices in Asia continued their gradual increase. Indian markets recorded consistent up moves due to demand for fertilizers during the kharif season. Chinese markets were volatile due to maintenance issues. During the fourth quarter, prices continued their increase, especially in India, due to the Rabi season. Chinese markets recorded supply constraints in the middle of the quarter, mainly due to environmental inspections and maintenance. However, prices increased moderately towards the year-end.
In Europe and North America, prices recorded similar movements. Prices were low in the beginning due to oversupply. However, in the middle of the year, supply constraints were recorded, which increased prices. Prices were stable towards the year-end, with occasional price movements being absorbed by production adjustments.