Executive Summary Ammonia prices recorded a strong upward trajectory during the quarter ending December 2025, supported by tightening supply fundamentals, higher input costs, and regional trade disruptions. Across key global markets—including North America, Asia-Pacific, and Europe—the Ammonia Price Index registered double-digit quarter-over-quarter gains. In the United States, ammonia prices rose sharply by 30.2% QoQ, with average quarterly values reaching approximately USD
