Fertilizer Market Report – May 21, 2025

China Returns to Urea Export

In this week’s fertilizer report: China Returns to Urea Export: China’s 2mn t Urea Allocation and the Global Market Impact; Global Urea Market Update – Mid-May 2025 and Last Week’s North American Urea and Phosphate Price Action.

News of the Week
China Returns to Urea Export: China’s 2mn t Urea Allocation and the Global Market Impact
China is once again stepping into the spotlight in the global urea market. According to market sources, Chinese authorities are expected to allow up to 2 million tonnes of urea exports between June and mid-October 2025, pending final customs inspections scheduled for late May.
(Source: Marlen Group)
Post | LinkedIn

Global Urea Market Update – Mid-May 2025
Here’s a concise roundup of market trends, pricing, and trade activity across key regions.
(Source: Marlen Group)
Post | LinkedIn

North America Urea Last Week
NOLA urea prices have been on a wild ride lately and the volatility continued last week due to China re-entering the export market.
According to Green Markets, last week, urea delivered prices in Western Canada were flat in a range of C$880-$915/mt for the third week in a row.
Urea NOLA prices were quite weak, down 8.0% last week to a wide range of US$410-$530/st versus US$460-$562/st the previous week.
Falcon Commodity Markets framed up the urea NOLA market at the beginning of this week as follows: May was bid/offer US$440/$448/st June was bid/offer US$370/$378/st. July was bid/offer US$345/$360/st and Q4 was bid/offer US$335/$360/st.

North America Phosphate Last Week
According to Green Markets, the delivered Western Canada MAP prices were flat WoW in a range of C$1,160-$1,260/mt for the third week in a row.
MAP NOLA prices rose slightly to a range of US$655-$677/st from US$650-$660/st the previous week.

Industry Tidbits