Nitrogen
Overview
The ease of urea availability east and west of Suez has shaped the current trade flows of this key nitrogen fertilizer. Despite challenges posed by energy prices and military conflicts, key import markets such as India, Australia, and Latin America remain robust. But structural oversupply and the role of China as a swing exporter have led to price volatility as this fast-moving market seeks equilibrium, more so during seasonally high-demand periods.
Our extensive nitrogen coverage includes prilled and granular urea, UAN, ammonium nitrate, and ammonium sulphate. Argus has many decades of experience covering the nitrogen market and incorporates our multi-commodity market expertise in key areas including ammonia and natural gas to provide the full market narrative.
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- Daily and weekly nitrogen price assessments, proprietary data and market commentary
- Short and medium to long-term forecasting, modelling and analysis of urea prices, supply, demand, trade and projects
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Latest nitrogen news
Browse the latest market moving news on the global nitrogen industry.
Indonesia’s Kaltim granular urea bids hit $430s/t fob
Indonesia’s Kaltim granular urea bids hit $430s/t fob
Singapore, 19 January (Argus) — State-owned Pupuk Indonesia subsidiary Kaltim closed a tender today to sell granular urea, with the highest bids reaching the high-$430s/t fob. A trading firm bid in the high-$430s/t fob, market participants said. Two others also bid in the $430s/t fob, traders said. Other bids largely spanned $420-430/t fob. The product is for loading from Bontang in the fourth week of January through February. Bids are to be valid until 21 January, and further negotiations are likely to take place. Market participants expect multiple 45,000t granular urea cargoes will be available, but there was no clarification from Pupuk. Bids into Kaltim's tender are around $10-15/t higher than prices for larger cargoes last week. Urea prices rose in line with the international trend, on the back of growing anticipation for further import demand from Australia and India. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Indonesia approves urea export licences for 2026
Indonesia approves urea export licences for 2026
Amsterdam, 15 January (Argus) — The Indonesian government is understood to have signed off on export licences for 1.4mn t of urea for this year, which will be dispersed among state-owned Pupuk subsidiaries. Pupuk's subsidiaries are now able to float urea sales tenders, with granular urea supplier Kaltim expected to come to the market first. But there was no comment from Pupuk or the parties involved. The last Indonesian sales tender probably took place on 6 November , when Pusri closed an enquiry for 5,000t each of standard and low biuret prilled urea. The lack of export licence issuance had limited availability in southeast Asia, with Malaysia's Petronas largely tied up with offtake agreements, leaving spot granular urea availability in January-February to Brunei's BFI. Granular urea prices have firmed to $410-425/t fob southeast Asia this week, up from $396-415/t fob last week, as international prices jumped in the wake of an Indian tender and firmer levels in the US. Indonesia exported 1.52mn t of urea in January-November last year, and just under 1.5mn t of urea in all of 2024, latest trade data show. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Romgaz still open to buy ferts producer Azmoures
Romgaz still open to buy ferts producer Azmoures
London, 14 January (Argus) — Romanian state-owned natural gas company Romgaz remains interested in acquiring fertilizer producer Azomures, but will consider investing in other Romanian fertilizer projects. Romgaz has made an offer for the company and remains "open to an honest and coherent dialogue" concerning an acquisition, the company said today. Azomures said earlier this week that it was mothballing production after negotiations with Romgaz stalled. Azomures has not produced fertilizer since August 2024 , barring small-scale production in the second half of last year . The company, currently owned by Switzerland-based trading firm Ameropa, can produce up to 1.6mn t/yr of NPK and nitrogen fertilizers, and consumes around 1bn m³/yr of gas when operating at full capacity. Around three-quarters of its production is sold on the Romanian domestic market. Romgaz first expressed interest in Azomures in February and an acquisition was presented as the best solution for Romanian farmers. By Aidan Hall Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Pupuk Indonesia issues tender to buy Feb-Nov amsul
Pupuk Indonesia issues tender to buy Feb-Nov amsul
Singapore, 14 January (Argus) — State-owned Pupuk Indonesia has issued a tender today to buy a total of 40,000t of bulk standard caprolactam-grade amsul for delivery over February-November 2026 to its subsidiary Pupuk Kalimantan Timur (PKT). PKT has requested four single shipments of 10,000t each to Bontang port. The first shipment should be loaded by the third week of February, followed by one shipment each in June, September and November. Pupuk Indonesia has requested that offers be submitted on a formula price with a variable discount. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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