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.
Granular urea bid up to mid-$410s/t fob Qatar in tender
Granular urea bid up to mid-$410s/t fob Qatar in tender
Amsterdam, 12 November (Argus) — Supplier QatarEnergy closed a granular urea sales tender today, with the highest bid emerging in the mid-$410s/t fob for 45,000t. The supplier had offered 25,000-45,000t of granular urea for loading in December under the tender. A sale is expected to take place at that level, but there was no comment from the parties involved. The price is about $10/t up on QatarEnergy's sale of prilled urea last week under its 6 November tender . By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
QatarEnergy, Mitsui ink 20-year urea supply deal
QatarEnergy, Mitsui ink 20-year urea supply deal
Singapore, 11 November (Argus) — State-owned urea producer QatarEnergy has signed a 20-year urea supply agreement with Japanese firm Mitsui for the supply of 500,000 t/yr of urea, it said on 10 November. QatarEnergy will start supplying urea to Mitsui from January 2026, with volumes likely to consist of both prilled and granular urea. The Qatar state-owned firm plans to develop a new urea production complex by 2030 , which will double its urea capacity to 12.4mn t/yr. Qatar has exported slightly over 80,000t of urea to Japan in January-August, trade data show, while Qatar's urea deliveries to Japan came in at 295,000t in 2024. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
India’s urea stocks climb in October
India’s urea stocks climb in October
Amsterdam, 4 November (Argus) — Indian urea inventories hit around 6.9mn t at the end of October, marking a second monthly build since August, as imports climbed after multiple tenders and production picked up. The rising stocks are bridging a gap to levels a year ago, with inventories at 7.8mn t and 6.8mn t at the end of October and September last year, respectively. Stocks had slipped as low as 3.5mn t at the end of August this year. Stocks rose by a net 2.12mn t in October, with domestic production of 2.68mn t and imports of 1.6mn t outstripping local sales of 2.33mn t, the latest provisional data show. Production of 2.68mn t was the highest since the start of 2024, while sales were stable on the year. Imports of 1.6mn t mark a slight slip from record receipts of 1.94mn t in September, but remained comfortably above typical monthly levels. Imports have jumped in recent months following a quick succession of state-backed buy tenders, with Indian firms lining up 6mn t of urea across four tenders in July-October. Market participants are anticipating another buy tender to be floated by Indian importer and supplier IPL in the coming weeks, while RCF will close a long-term buy tender on 1 December . By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Pupuk Indonesia raises subsidised fertilizer stocks
Pupuk Indonesia raises subsidised fertilizer stocks
Singapore, 21 October (Argus) — State-owned fertilizer producer Pupuk Indonesia has prepared around 1.2mn t of subsidised fertilizer stocks for the October-March planting season for registered domestic farmers as of 20 October, the company said. This volume is nearly three times higher than the minimum subsidised fertilizer requirement set by the government. The national stock volumes of subsidised fertilizers consist of 510,300t of urea, 610,600t of NPK fertilizers, 14,300t of special formula NPK fertilizers for cocoa crops, 8,800t of ammonium sulphate and 56,700t of Pupuk's Petroganik organic fertilizers. These fertilizer stocks are already in producer warehouses and buffer warehouses in districts throughout Indonesia. Pupuk Indonesia has also prepared around 480,400t of non-subsidised fertilizer stock for local farmers that are unable to procure subsidised fertilizers. Total volumes of non-subsidised products are at 412,400t of urea, 27,400t of NPK fertilizers and 40,700t of ammonium sulphate. Pupuk Indonesia has set a highest retail price (HET) for the sale of subsidised fertilizers in 50kg bags. The HET for urea fertilizers is set at 2,250 rupiah/kg ($136/t), while for NPK Phonska fertilizers it is at 2,300 rupiah/kg ($139/t). For NPK fertilizers for cocoa it is at 3,300 rupiah/kg ($199/t), and for organic fertilizers it is at 800 rupiah/kg ($48/t). But these subsidised fertilizer products are only applicable for farmers planting rice, corn, soybeans, cassava, chilli, shallots, garlic, sugarcane, cocoa, and coffee with a maximum land area of two hectares per planting season. Farmers are also required to be members of a farmer group and registered in the electronic definitive group needs plan (e-RDKK). By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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