Urea prices in Brazil rose amid higher gas costs and limited supplies. European natural gas price spikes increased production costs, tightening supply. Limited imports from China and Middle East and lower Indian purchases add uncertainty, supporting upward price pressure.
Helium One raised £3m to develop the Pinyon Canyon helium and CO2 processing plant in Colorado. The plant has a nameplate capacity of 44,500 Mcf CO2 per month and aims for full output by end‑2027, with CO2 sales expected to start in Q1 2027 after liquefaction unit commissioning. This upcoming supply increase is likely to ease CO2 prices.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Urea | China | FOB | USD 255.29/MT | August 2026 |
| Urea | India | CIF | USD 346.08/MT | August 2026 |
| Urea | USA | FOB | USD 393.00/MT | August 2026 |
| Urea | Brazil | CIF | USD 397.72/MT | August 2026 |
| Urea | Canada | CIF | USD 425.91/MT | August 2026 |
| Urea | China | FOB | USD 262.22/MT | July 2026 |
| Urea | India | CIF | USD 369.03/MT | July 2026 |
| Urea | USA | FOB | USD 441.19/MT | July 2026 |
| Urea | Brazil | CIF | USD 433.83/MT | July 2026 |
| Urea | Canada | CIF | USD 464.71/MT | July 2026 |
Stay updated with the latest Urea prices, historical data, and tailored regional analysis
Asia
In China, the average price of Urea fell from ~USD 262.22/MT (FOB) in July to ~USD 255.29/MT in August, a decline of ~2.6%. India dropped about 6.2%, from ~USD 369.03/MT (CIF) to ~USD 346.08/MT. Data from China’s National Bureau of Statistics showed domestic urea prices drifting lower through July and August as supply remained ample. Chinese suppliers committed 1.6 Mt of prilled urea to India’s August import tender, pushing offers to their lowest levels in more than a year, while cheap Russian prilled supply added further pressure. Granular urea, however, rose from mid-August on tight supply and steady demand from Latin America, Turkey and Australia, and Chinese domestic prices edged up in September.
Europe
European urea import values fell from July into early September, as supply from Egypt, the main route into Europe, eased from wartime highs. According to Eurostat, EU imports fell 64% in the first half but rebounded in July, led by Egyptian volumes. High gas prices kept European production costs well above import prices, limiting local output. Prices firmed slightly in late September as warehouse values and landed costs rose.
North America
In the USA, average urea prices dropped from nearly USD 441.19/MT (FOB) in July to roughly USD 393.00/MT in August, down ~10.9%. Canada fell about 8.3%, from ~USD 464.71/MT (CIF) to ~USD 425.91/MT. Gulf barge prices weakened in late August before rallying in early September on fourth-quarter import buying, tight granular supply and strong grain prices, then eased again as pre-season demand faded. Retail urea prices moved only slightly over several weeks.
Analyst Insight
According to Procurement Resource, Urea prices are likely to stay range-bound, as tight granular supply and seasonal demand support values while ample Chinese and Russian supply limited gains.
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Asia
In China, Urea prices were ~RMB 1.86/kg in April and about RMB 1.81/kg in May, showing a ~2.6% decrease. The decline was driven by high operating rates, weaker downstream buying, and fading agricultural demand, which reduced price support. By mid-June, plant operating rates were above 90%, while compound fertilizer and industrial buyers purchased only as needed, keeping the market under pressure.
In contrast, India showed a firmer trend, with Urea prices at ~INR 30.56/kg in April and ~INR 31.81/kg in the subsequent month, reflecting a approx. 4.1% increase. The rise was supported by lower LNG availability, which affected domestic output and increased reliance on imports. The country’s April urea production stood at 20.98 LMT, while imports reached 5.83 LMT, indicating that although local supply remained supported, it was still exposed to Gulf shipping and gas-side disruptions.
Europe
European urea stayed cost-sensitive in Q2’26 because nitrogen fertilizer production remained closely linked to natural gas. Gas accounted for 70-80% of EU nitrogen fertilizer production costs, keeping local producers exposed to energy volatility. Early-quarter supply disruption from the Middle East supported import-security concerns, but prices later softened as buyers delayed fresh purchases and spring application demand was largely covered. Limited regional self-sufficiency kept Europe vulnerable, but weaker global sentiment after improved Asian supply expectations reduced the strength of the market.
North America
North American urea was supported early in Q2 by spring application demand and global supply disruption, but domestic production was steadier than in Europe. Regional nitrogen producers maintained strong operating rates, with ammonia production supported by reliable plant performance and lower-cost gas access. U.S. corn planted area was estimated at 95.3 million acres in 2026, keeping nitrogen demand large. However, the area was down from the previous year, which capped fresh urea buying after the main spring application window.
Analyst Insight
According to Procurement Resource, in the near term, urea prices may remain mixed. Import risk and gas-linked costs can support prices, while weaker seasonal demand and higher Chinese output may limit fresh gains.
Urea is known to be a nitrogenous compound with a carbonyl group attached to amine groups with osmotic diuretic activity. Urea is formed in the liver via the urea cycle from ammonia and is also the product of protein metabolism. The administration of Urea elevates blood plasma.
CH4N2O or CO(NH2)2
Fertilisers, Important resins, Melamine, Melamine-Methanal resins
Carbamide, 57-13-6, Isourea, Carbonyldiamide
QAFCO or Qatar Fertiliser Company, Yara International ASA, Koch Fertilizer, LLC, SABIC, OCI N.V., CF Industries Holdings, Inc., EuroChem Group AG, OSTCHEM, PotashCorp, China National Petroleum Corporation, Ruixing Group Co.,Ltd, Luxi Chemical Group Co., Ltd., Shandong Hualu-Hengsheng Chemical Co., Ltd., Sichuan Lutianhua Co., Ltd. (Lutianhua)
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.
Bosch-Meiser Urea process involves two equilibrium reactions, where the first reaction is known as carbamate formation and the second one is known as urea conversion, which are exothermic and endothermic respectively. Procurement Resource also provides the production cost analysis of Urea.
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