Fertilizer Week

The #nitrogen complex rallied on surging #urea, while #phosphates prices advanced further. #Sulphur prices soared to multi-year highs as buyers sought alternative sources or paid significant premiums. Demand destruction is a key risk in #fertilizer markets (2/2)

#Fertilizer prices extended their reach higher, with few cargoes attempting to transit the Strait of Hormuz, which is effectively closed by Iran. With no de-escalation in sight, markets will face supply shortages, elevated freight costs and compressed margins (1/2)

Our chart of the week shows the volume of #ammonia exports from key origins, wich a large share of supply at risk due to the conflict in the Middle East #nitrogen #fertilizer #NH3

Middle East producers face a security and shipping crisis, and are considering drastic measures to ensure access to market, including trucking tonnes vast distances to the Red Sea. The crisis is unprecedented and the immediate future remains highly uncertain (3/3) #fertilizer

#Urea production in India, Pakistan and Bangladesh has been curtailed. With loaded vessels stranded, import requirements rising and export oriented production down, the urea market is facing a severe dislocation (2/3)

With the conflict passing two weeks, it becomes increasingly likely that still-operational #fertilizer plants will need to curtail output. Fertilizer traffic through the Strait of Hormuz is paralysed and prices for #urea, #ammonia, #sulphur and #phosphates have surged (1/3)

Our chart of the week shows a steep drop in global #urea export availability #nitrogen #fertilizer

Around 47% of global #sulphur, 43% of #urea, 27% of #ammonia and 24% of #phosphate fertilizer global traded supply is at risk. The industry is in paralysis, and the full implications are not yet known

At present, CRU’s central assumption is that major shipping disruption will persist for at least three weeks. This will have significant ramifications for #fertilizer importing markets heading into the spring planting season (2/3)

The global #fertilizer market’s worst fears are unfolding, with chaos enveloping the Middle East and rippling through commodity and financial markets. The halt in traffic via Hormuz has caused a surge in #urea export prices from Egypt (1/3)

Emergency webinar: Fertilizers & Middle East conflict. With Iran under fire and traffic in the Strait of Hormuz slowing to a standstill, price shock risk is rising fast. Join CRU’s #fertilizers experts for the latest + live Q&A. Register: ow.ly/xI2R50Yo4aW #MiddleEast

Set to be an extraordinary week in #commodities, including #fertilizers and #sulphur. The implications of restricted shipments in the Middle East may be severe. CRU will be publishing insights and hosting webinars through the week to share our latest updates and insights

Our chart of the week shows the volume and share of #urea trade through the Strait of Hormuz #nitrogen #fertilizer

The #sulphur price correction solidified amid sluggish demand in key consumer markets. This bearish sentiment was confirmed after an April sale for Brazil was concluded sharply lower, while a landslide in Indonesia has created uncertainty around near-term demand (3/3) #fertilizer

Limited activity left most global #DAP and #MAP benchmarks stable, though some FOBs increased on an exceptionally tight supply outlook. Buyer appetite is restrained by poor affordability, but it is likely to remain a seller's market over coming weeks and months #phosphate (2/3)

The global #urea market was focused on India, with market participants watching the outcome of RCF's 18 Feb purchase tender. The tender, which requested 1.5 Mt urea, was met with 3.073 Mt in offers - RCF is understood to have received acceptances for around 1.27 Mt (1/3)

Our chart of the week shows relatively high #urea imports to Europe in Q4 last year followed by relatively low imports in January, as importers scrambled to bring in supply before #CBAM implementation #nitrogen #fertilizer

#Commodity prices have had a breakout start to 2026. Using CRU's proprietary price data, we see a continuation of #tugnsten's extraordinary price rally, while #lithium prices continue their recovery path. #Fertilizer prices continue to firm after a strong 2025

Our chart of the week shows recent increases in #urea prices from the Middle East and suggests US prices will need to rise to draw import cargoes away from competition #nitrogen #fertilizer

@SpaceSweede Sellers will be trying to pass on the increased sulphur cost, as some margins are being squeezed, particularly for high-sulphur products like SSP. For phosphate fertilizers, we do expect increases, but this is based more on tight availability than on raw materials prices

@FertilizerWeek1 Thanks! So sharp price increases to be expected in combined fertilizer products?

Consumers are facing higher prices for #nitrogen, #phosphate and #potash #fertilizer, with indices up in recent weeks for #urea, #DAP, and #MOP. Among raw materials, #sulphur prices remain exceptionally high, while #ammonia has softened slightly