Executive Summary Urea Ammonium Nitrate (UAN) prices exhibited mixed regional movements during the latest quarter, reflecting divergent supply-demand fundamentals across North America, APAC, and Europe. While UAN prices in the United States edged marginally lower amid balanced market conditions, Asia-Pacific markets—particularly China—witnessed a sharper decline due to subdued demand and easing feedstock costs. In contrast, Europe recorded a notable price increase, driven by