For the Quarter Ending December 2025
APAC
• In China, the Potassium Nitrate Price Index rose by 7.16% quarter-over-quarter, notably driven by export demand.
• The average Potassium Nitrate price for the quarter was approximately USD 748.33/MT, FOB Shanghai deliveries.
• Potassium Nitrate Spot Price firmed amid elevated overseas inquiries, reducing availability and compressing seller flexibility.
• Potassium Nitrate Price Forecast indicates volatility ahead as buying and export rhythms influence short-term pricing.
• Potassium Nitrate Production Cost Trend showed signals with sodium nitrate but easing nitric acid pressures.
• Potassium Nitrate Demand Outlook remains subdued domestically, international buying from Brazil and Southeast Asia strengthened.
• Potassium Nitrate Price Index changes reflected expanding inventories as production outpaced demand, pressuring seller margins.
• Producers maintained operating rates, curbing shipments; rail congestion and port scheduling significantly influenced export timing.
Why did the price of Potassium Nitrate change in December 2025 in APAC?
• Export-led buying surged for early-season fertiliser, tightening supply and lifting domestic free-on-board quotations and margins.
• Mixed feedstock shifts raised variable costs; sodium nitrate climbed while nitric acid eased, creating pressure.
• Year-end inspections and maintenance reduced plant output, while port loadings prioritized export schedules, tightening cargoes.
Europe
• In Spain, the Potassium Nitrate Price Index fell by 1.381% quarter-over-quarter, reflecting weaker year-end demand.
• The average Potassium Nitrate price for the quarter was approximately USD 928.33/MT, spot market reports.
• Potassium Nitrate Spot Price weakened as distributors discounted offers to clear inventories at Spanish ports.
• Potassium Nitrate Price Index signalled bearish trend due to steady imports and subdued greenhouse activity.
• Potassium Nitrate Production Cost Trend modestly improved as Iberian power tariffs eased nitric-acid input costs.
• Potassium Nitrate Demand Outlook remains muted seasonally; growers postpone bulk restocking until pre-planting procurement resumes.
• Potassium Nitrate Price Forecast points to limited near-term recovery amid comfortable inventories and cautious buyers.
• Domestic producers operated at low utilisation, sustaining import reliance and constraining domestic spot volumes seasonally.
Why did the price of Potassium Nitrate change in December 2025 in Europe?
• Ample imports from Chile and Israel increased availability, pressuring spot prices during the quiet year-end.
• Seasonally muted horticultural buying reduced demand, prompting distributors to discount and clear inventories before planting.
• Lower Iberian power tariffs eased nitric-acid feedstock costs, domestic production remained limited, sustaining import dependence.
MEA
• In Jordan, the Potassium Nitrate Price Index fell by 0.58% quarter-over-quarter, reflecting seasonal demand waning.
• The average Potassium Nitrate price for the quarter was approximately USD 793.33/MT, reflecting muted spot activity.
• Higher freight and energy elevated Potassium Nitrate Production Cost Trend, squeezing margins despite steady feedstock.
• Export commitments supported offers while Potassium Nitrate Demand Outlook tightened inventories and shortened availability regionally.
• Rising port stocks reversed tightness and weakened Price Index, pressuring the Potassium Nitrate Spot Price.
• Producers ran near nameplate, creating ample export volumes and informing cautious Potassium Nitrate Price Forecast.
• Competitive discounting to alternative potassic fertilizers pressured offers, reflecting a softer Potassium Nitrate Price Index.
• Logistics at Aqaba stayed smooth, but seasonal horticulture slowdown reduced demand and lowered realized netbacks domestically.
Why did the price of Potassium Nitrate change in December 2025 in MEA?
• Seasonal horticulture off-season reduced greenhouse purchases, diminishing international offtake and pressuring domestic Price Index levels.
• Stable feedstock and subsidized gas kept conversion costs muted, reducing upward pressure on producer pricing.
• Inventory builds at ports and competitive export offers prompted discounting, reducing FOB netbacks and prices.
North America
• In North America, the Potassium Nitrate Price Index displayed a mixed trend in Q4 2025, with early-quarter softness followed by firmer pricing toward the end of the quarter as seasonal demand improved.
• The average Potassium Nitrate price for the quarter remained broadly stable, supported by contractual sales and steady consumption across key end-use sectors.
• Potassium Nitrate Spot Price weakened in October as agricultural off-season demand slowed and distributor inventories remained comfortable, particularly in the US Midwest.
• The Potassium Nitrate Production Cost Trend stayed largely steady, with stable nitric acid and potash input costs and limited volatility in energy and logistics expenses.
• Potassium Nitrate Demand Outlook remained balanced, supported by baseline demand from fertilizers, food preservation, pharmaceuticals, and specialty chemical applications, despite seasonal softness in agricultural use.
• The Potassium Nitrate Price Forecast indicates range-bound movement, with upside potential linked to pre-spring fertilizer planning and downside limited by steady industrial and food-grade demand.
• Adequate producer and distributor inventories pressured the Price Index early in the quarter, while late-quarter restocking activity provided partial price support.
• Normal operating rates at major North American production facilities ensured consistent supply, preventing sharp price fluctuations during the quarter.
Why did the price of Potassium Nitrate change in December 2025 in North America?
• The Price Index firmed slightly in December 2025 as buyers began early procurement for the upcoming agricultural season.
• Restocking by food processing and pharmaceutical manufacturers increased spot demand, supporting higher prices.
• With the Production Cost Trend remaining stable, the price increase was driven mainly by demand-side factors rather than input cost inflation.
• Year-end inventory balancing by distributors further supported spot pricing toward the close of the quarter.
For the Quarter Ending September 2025
North America
• In North America, the Potassium Nitrate Price Index displayed a mixed trend through Q3 2025, with early-quarter firmness followed by a softening phase toward September.
• Potassium Nitrate Spot Price fluctuated during the quarter—firm in July on short-term buying and logistics delays, then easing in August-September as inventories improved.
• Potassium Nitrate Production Cost Trend remained broadly stable, with potash and nitric acid input costs showing limited volatility.
• Potassium Nitrate Price Forecast suggests that prices may continue to show a mixed trajectory into Q4 2025, as market direction depends on seasonal fertiliser demand and global freight shifts.
• Potassium Nitrate Demand Outlook is cautiously positive—specialty fertiliser use supported consumption, while industrial applications (glass, fireworks, and chemical formulations) saw steady but unspectacular demand.
• Balanced market fundamentals kept the Price Index oscillating within a narrow range; suppliers adjusted offers regionally to manage inventory flow.
• Freight normalization and steady domestic production helped prevent any sharp upward momentum in the Price Index despite intermittent supply concerns.
Why did the price of Potassium Nitrate change in September 2025 in North America?
• In September 2025, the Potassium Nitrate Price Index decreased slightly, following a seasonal slowdown in fertiliser procurement and easing of earlier logistical constraints.
• Spot demand from the agricultural sector declined as buying activity shifted to contract-based volumes, pulling Spot Prices lower.
• With stable feedstock and energy costs, production costs offered little upward pressure, contributing to a softer close for the quarter.
APAC
• In China, the Potassium Nitrate Price Index rose by 15.17% quarter-over-quarter, driven by MOP, logistics
• The average Potassium Nitrate price for the quarter was approximately USD 698.33/MT on FOB Shanghai
• Potassium Nitrate Spot Price strengthened as exporters prioritized foreign inquiries, while domestic inspections constrained supply
• Potassium Nitrate Price Forecast anticipates modest adjustments, conditional on export policy clarity and potash movements
• Potassium Nitrate Production Cost Trend rose as MOP and freight escalated, compressing margins for producers
• Potassium Nitrate Demand Outlook robust from horticulture and exports, supporting higher pricing despite seasonal lull
• Potassium Nitrate Price Index reflected maintenance downtime, inventory drawdowns, and active pre-shipment buying from India
• Producers leveraged export windows to preserve margins, while inspection uncertainties and freight costs elevated premiums
Why did the price of Potassium Nitrate change in September 2025 in APAC?
• Export inspections and controls reduced outbound volumes, tightening domestic supply and sustaining upward price pressure
• Rising MOP feedstock and higher freight costs elevated production expenses, sustaining Potassium Nitrate Price Index
• Strong export demand and pre-emptive buying ahead of renewed curbs depleted inventories, amplifying market tightness
Europe
• In Spain, the Potassium Nitrate Price Index rose by 3.33% quarter-over-quarter, due to tightened supply.
• The average Potassium Nitrate price for the quarter was approximately USD 941.33/MT in import-dependent markets.
• Potassium Nitrate Spot Price remained firm amid freight disruptions and alternative sourcing, sustaining pricing power.
• Potassium Nitrate Price Forecast shows modest softening followed by gradual recovery influenced by seasonal demand.
• Potassium Nitrate Production Cost Trend elevated from higher MOP feedstock costs and nitric acid pressures.
• Potassium Nitrate Demand Outlook remains supportive from horticulture and pre-tariff stockpiling, though seasonal purchasing moderates.
• Inventory builds pressured spot liquidity while Potassium Nitrate Price Index reflected slower buying and imports.
• Port congestion and freight inflation constrained flows, supporting pricing and export demand for potassium nitrate.
Why did the price of Potassium Nitrate change in September 2025 in Europe?
• Elevated import reliance and EU tariff anticipation intensified buying, tightening supply ahead of September deliveries.
• Higher MOP feedstock prices and nitric acid costs increased production expenses, underpinning upward price pressure.
• Port delays and yard congestion in Valencia, Algeciras delayed shipments, raising landed costs and uncertainty.
MEA
• In Jordan, the Potassium Nitrate Price Index rose by 2.8% quarter-over-quarter, due to export demand.
• The average Potassium Nitrate price for the quarter was approximately USD 798.00/MT reflecting elevated freight.
• Potassium Nitrate Spot Price firmed on constrained exports; production cost trend elevated from potash, nitric-acid.
• Potassium Nitrate Price Forecast indicates minor monthly adjustments; Price Index may soften as logistics improve.
• Potassium Nitrate Demand Outlook remains positive driven by seasonal agricultural demand and sustained export contracts.
• Tight inventories and elevated export orders kept the Price Index firm, restricting downward price movement.
• Rising freight premiums and potash supply influenced the Potassium Nitrate Production Cost Trend, squeezing margins.
• Major Jordanian producers maintained disciplined output, supporting Potassium Nitrate Spot Price despite logistical disruptions regionally.
Why did the price of Potassium Nitrate change in September 2025 in MEA?
• Export-led demand surge from India, GCC tightened regional supply, elevating Potassium Nitrate prices in September.
• Higher potash and nitric-acid costs, together with elevated freight premiums, pushed production costs and pricing.
• Red Sea-related port delays constrained Aqaba throughput, disrupting shipments, amplifying scarcity and firming Price Index.
For the Quarter Ending June 2025
APAC
• The Chinese Potassium Nitrate Price Index fell by 22.5% from Q1 2025 but registered a strong upward trend throughout Q2, with the quarterly average evaluated at USD 625/MT, FOB Ningbo.
• Seasonal early Q2 saw acute price declines because of agricultural seasonal slowdown, weak industrial demand (glass, pyrotechnics, molten salt energy), and adequate domestic inventories that lessened restocking pressure.
• Potassium Nitrate Manufacturing Cost Trend relaxed in April as Potassium Chloride (MOP) prices weakened, allowing producers to provide discounts to encourage offtake in the lackluster market condition.
• Despite strong Q1 fertilizer exports, cooling overseas demand in April and a redirection of volumes to the domestic market contributed to a supply overhang and intensified price competition.
• As Q2 progressed, input costs rose sharply due to MOP contracts nearing USD 346/tonne, while environmental restrictions and seasonal maintenance at chemical units constrained output, tightening supply.
• Export momentum picked up in May and June, with strong shipments to MENA and Southeast Asia reinforcing supply tightness, while government-imposed export inspections in June preserved internal stocks and limited outbound volumes.
• Despite being an off-season month, June demand remained resilient, supported by greenhouse horticulture, cash crop farming, and continued industrial consumption across food preservation and specialty chemicals.
• The Potassium Nitrate Demand Outlook improved across May and June as modern fertigation practices and high-efficiency fertilizer adoption gained ground, particularly for fruit and vegetable growers.
• Logistical challenges like inland transport delays and port congestion at Shanghai and Tianjin added to domestic tightness, amplifying the impact of supply constraints and cost inflation.
• Why did the Potassium Nitrate Price change in July 2025?
During early July prices are forecasted to increase due to persistent tight supply, higher MOP-based production costs, and peak agricultural application demand in summer crop cycles.
• The Potassium Nitrate Price Forecast for July 2025 remains bullish, supported by a combination of export demand, sustained feedstock cost pressure, and tight market availability in both domestic and overseas channels.
Europe
• The Potassium Nitrate Price Index in the Netherlands declined 2% from Q1 2025 but trended upward through Q2, with the quarterly average assessed at USD 882/MT, FD Rotterdam, supported by firm demand and constrained supply in May and June.
• Why did the Potassium Nitrate Price change in July 2025?
During early July prices are forecasted to decrease as tariff-driven procurement normalizes, congestion eases, and early-season demand subsides, reducing pressure on domestic inventories.
• April saw a decline in the Potassium Nitrate Price Index due to post-planting seasonal demand lull, adequate inventories, and suppliers discounting to offset Rotterdam port congestion delays and maintain volumes amid weak buying activity.
• The Potassium Nitrate Production Cost Trend increased in May and June as Potassium Chloride (MOP) prices rose and EU trade policy shifts heightened sourcing risks, inflating local production and import costs.
• Tightened supply chains were driven by congestion at ECT, RWG, and Delta II terminals, limited labour availability, and rising barge and rail delays, all of which slowed deliveries and pushed prices higher mid-to-late quarter.
• The Potassium Nitrate Demand Outlook strengthened in May and June due to robust demand from greenhouse horticulture, precision fertigation, and high-value crop farming, as well as industrial uses in glass and food preservation.
• Anticipation of new EU tariffs on Russian and Belarusian fertilizers effective July 1 triggered pre-emptive stockpiling across agriculture and industrial buyers, straining regional inventories and lifting the Potassium Nitrate Price Index.
• The Potassium Nitrate Price Forecast for July 2025 indicates a softening trend as panic buying fades, port operations stabilize, and downstream buyers’ slow activity post-stockpiling.
MEA
• The Potassium Nitrate Price Index in Jordan declined 4% from Q1 2025 but showed a firm inclining trend throughout Q2, closing with a quarterly average of USD 794/MT, FOB Aqaba, supported by rising global demand, input cost inflation, and regional trade flows.
• Why did the Potassium Nitrate Price change in July 2025? A slight increase is forecast as regional demand persists and freight pressures linger, while global buyers continue early-season procurement amid ongoing trade route volatility.
• April saw price weakness as completed procurement cycles in key export destinations like India, Spain, and Morocco softened the Potassium Nitrate Demand Outlook, while stable domestic production and easing global potash supply led to surplus availability and competitive FOB pricing.
• In May, the Potassium Nitrate Price Index rebounded sharply, driven by stronger agricultural exports, firming prices of Muriate of Potash (MOP), and disciplined output by producers like KEMAPCO, lifting the Potassium Nitrate Production Cost Trend and supporting elevated offers.
• June maintained the upward trajectory as high freight rates, Red Sea-linked logistical delays at the Port of Aqaba, and strong export demand to Iraq and MENA tightened local availability, sustaining bullish pricing and regional market confidence.
• Throughout the quarter, Jordan’s role as a strategic exporter, limited local production flexibility, and global market disruptions contributed to constrained supply, reinforcing upward pricing momentum despite a subdued start.
• The Potassium Nitrate Demand Outlook remained positive due to high-value horticultural applications domestically and sustained import interest from geopolitically sensitive regions seeking reliable suppliers.
• The Potassium Nitrate Price Forecast for July 2025 suggests continued firmness under supply chain disruptions, stable production costs, and consistent regional buying interest.
North America
• The Potassium Nitrate Price Index in North America followed a mixed trend in Q2 2025, initially rising due to strong agricultural demand and raw material cost inflation, before stabilizing toward the quarter’s end as logistics improved and procurement activity normalized.
• The Potassium Nitrate Demand Outlook remained seasonally strong across key crop sectors, particularly corn, soybeans, fruits, and vegetables, driven by spring planting and the adoption of fertigation systems among high-value crop producers.
• Early-quarter demand was amplified by stockpiling and precautionary purchases amid geopolitical concerns, input cost volatility, and trade-related uncertainties, adding temporary upward pressure to the Price Index.
• The Potassium Nitrate Production Cost Trend fluctuated due to rising prices of Potassium Chloride and Nitric Acid, which are core raw materials in PN production, forcing producers to periodically adjust output volumes and pricing strategies.
• Stabilized logistics, better operational rates, and moderated transportation issues toward late Q2 contributed to a leveling effect on prices, countering early inflationary pressures and leading to the overall mixed quarterly movement.
• The Potassium Nitrate Price Forecast for July 2025 points to a slight increase, primarily due to rising input costs, sustained crop nutrient demand, and producer margin management in response to tighter supply.
• Why did the Potassium Nitrate Price change in July 2025?
A slight increase expected to occur during early July due to higher raw material costs and seasonal agricultural demand sustaining pricing strength.
For the Quarter Ending March 2025
North America
In Q1 2025, Potassium Nitrate prices in North America followed a mixed trend, with both upward and downward movements observed throughout the quarter. Early in the year, strong demand from the agricultural sector, driven by preparations for the spring planting season, created upward pressure on prices.
Farmers and distributors replenished stocks, anticipating increased planting of crops like corn and soybeans, which fueled fertilizer demand. Additionally, ongoing supply chain disruptions, including transportation bottlenecks and raw material shortages, added to the upward price momentum. Rising energy costs and potash market tightness further exacerbated production expenses, which were reflected in higher prices. However, as the quarter progressed, prices began to stabilize.
Although agricultural demand remained strong, supply-side constraints eased somewhat, and some export markets showed signs of slowing demand. The food industry, pharmaceuticals, and industrial sectors, including explosives and pyrotechnics, provided consistent downstream support but did not prevent the eventual price moderation. The overall trend for Q1 2025 was a combination of price increases in the early months, followed by stabilization as the quarter closed.
APAC
In Q1 2025, Potassium Nitrate prices in the APAC region followed a mixed trend, with an initial upward movement in January and February, followed by a decline in March. In January, prices saw an increase due to heightened agricultural demand ahead of the spring planting season, coupled with supply constraints caused by logistical challenges and intense preparation efforts to ensure fertilizer availability. The agricultural sector ramped up fertilizer procurement, and the logistics required to support this demand also added upward pressure on prices. This trend continued into February, driven by strong demand not only from agriculture but also from industrial sectors like fireworks and glass production. Supply-side pressures, including port congestion, declining imports, and rising raw material costs, further exacerbated the price increases. However, in March, prices reversed as the peak of the spring procurement season passed. Many buyers had already completed their purchases in February, leading to an oversupply in the market. With economic softening, limited new purchasing, and lower input costs, prices started to ease. Additionally, improved logistics and supply from domestic production further contributed to the price decline, resulting in a bearish market sentiment by the end of the quarter. The mixed trend reflects a balance between initial demand-driven price hikes and later supply improvements. Compared to previous quarter this quarter prices inclined by 6%.
Europe
In Q1 2025, Potassium Nitrate prices in Europe displayed a fluctuating trend, marked by significant shifts driven by both supply and demand factors. Starting with a notable decline in January, prices were pressured by weakened demand from the agricultural sector due to a seasonal slowdown and concerns over an economic slowdown. This decrease was followed by a rise in February, as pre-spring demand from agricultural and industrial sectors, particularly greenhouse horticulture, fueled price increases. Geopolitical tensions and supply disruptions, especially with logistical challenges and rising raw material costs, contributed to the upward movement. However, in March, prices softened as demand from the agricultural sector subsided after the peak seasonal buying period, and supply conditions improved. Increased imports and the easing of logistical bottlenecks, particularly in Rotterdam, helped stabilize prices. Additionally, lower raw material costs and replenished inventories led to a more balanced market, pushing prices down. Overall, Potassium Nitrate prices in Europe showed a volatile yet downward trend by the end of Q1 2025, as it declined by 8% as compared to previous quarter.
MEA
In Q1 2025, Potassium Nitrate prices in the MEA region followed a mixed trend, with significant fluctuations driven by changing demand and supply dynamics. In January and February, prices saw an upward trajectory, largely due to heightened agricultural activity and strong export demand. Seasonal fertilizer buying, particularly from neighboring countries, pushed prices higher. Additionally, global supply chain disruptions, including logistical challenges and rising raw material costs, added pressure on prices during these months. Jordan’s strategic position as a fertilizer exporter and government-backed freight subsidies also bolstered export demand, further driving price increases. However, in March, prices began to ease as global export momentum slowed. Many international buyers deferred orders due to affordability concerns and better availability from other suppliers. Domestically, manufacturers faced growing inventory pressures as export demand weakened. Improved raw material access and better transportation logistics helped reduce production costs, which allowed for price corrections. The combination of slowing demand from export markets and stabilizing supply led to a downward price trend by the end of the quarter, highlighting the mixed price movement in the MEA region during Q1 2025. Compared to previous quarter this quarter prices inclined by 4%.
