U.S. Urea Prices 2025, Size, Trend, Graph, News and Forecast
The North American Urea market experienced fluctuating price movements during Q4 2024, marked by a brief uptick in October followed by relative stability through November and December. Despite variable feedstock costs for Ammonia and Nitric Acid, prices remained largely unchanged early in the quarter, driven by subdued seasonal demand from the fertilizer sector as agricultural activity waned post-planting season. However, industrial demand—especially from the mining and explosives sectors—remained steady, helping to support market fundamentals. Supply-side constraints were pronounced, with adverse weather conditions, hurricanes, and historically low water levels on the Mississippi River impacting logistics and production. A labor strike in Canada further limited supply, although effective inventory management helped prevent significant shortages. October saw a mild increase in prices, spurred by tightening supply and marginally higher feedstock costs. Still, fertilizer buy...