The Ammonium Nitrate Price Trend in Q2 2026 showed a sharp increase across major global markets, with prices rising by approximately 45% compared with the previous quarter. Higher production costs, rising nitric acid prices, firm agricultural demand, and supply chain disruptions contributed to this upward movement. 

Russia and Brazil recorded quarterly increases of around 45%, while Bulgaria experienced a stronger rise of approximately 52%. The United States also saw a significant increase of around 32%, reflecting the impact of higher input costs and strong fertilizer demand.

Ammonium nitrate is an important nitrogen-based fertilizer used in agriculture to support plant growth and improve crop productivity. It is valued for its high nitrogen content and its role in supplying nutrients needed for healthy crop development. Its production depends on important raw materials, including ammonia and nitric acid, making its market price sensitive to changes in feedstock availability, energy costs, and manufacturing expenses.

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During Q2 2026, demand remained firm as agricultural buyers prepared for seasonal planting requirements. At the same time, manufacturers faced higher production costs and challenges in obtaining raw materials. Geopolitical tensions and disruptions to international trade routes added further pressure to supply conditions. Although the market recorded strong quarterly gains, June brought a correction, with prices declining across all four markets covered in this assessment.

Understanding the Ammonium Nitrate Price Trend is useful for fertilizer manufacturers, agricultural distributors, importers, and procurement professionals who need to manage changing costs and plan their purchases carefully.

Global Ammonium Nitrate Price Trend in Q2 2026

The global Ammonium Nitrate Prices remained strongly bullish during the second quarter of 2026. Prices increased by approximately 45% compared with the previous quarter, reflecting a combination of higher feedstock costs, firm agricultural demand, and limited supply flexibility.

One of the main reasons for the increase was the rise in nitric acid prices. Nitric acid is an essential input in ammonium nitrate production. When its price increases, manufacturers face higher costs, which can put upward pressure on the final product. Higher energy expenses also contributed to rising manufacturing costs across several producing regions.

Agricultural demand provided additional support. Buyers wanted to secure fertilizer supplies ahead of seasonal planting and application periods. When several buyers purchase at the same time, available supply can tighten, especially if producers cannot increase output quickly.

Manufacturers also faced challenges in managing production expenses. Although operating rates remained relatively stable in some regions, higher feedstock and energy costs limited the ability to expand production economically.

Geopolitical tensions involving the United States, Israel, and Iran affected international trade confidence and raw material availability. Disruptions around the Strait of Hormuz created additional uncertainty for shipping and logistics, contributing to tighter market conditions.

However, the strong upward movement did not continue unchanged throughout the quarter. In June, prices declined as seasonal buying activity eased and energy costs fell compared with May. This correction showed that the market remained sensitive to changes in demand and production expenses, even after substantial quarterly increases.

Ammonium Nitrate Price Chart: Understanding Market Movements

The Ammonium Nitrate Price Chart for Q2 2026 would show a sharp upward movement across all four markets, followed by a noticeable decline in June.

Bulgaria recorded the strongest quarterly increase, at approximately 52%. Russia and Brazil each experienced gains of around 45%, while the United States recorded an increase of approximately 32%.

Despite these differences in quarterly performance, June brought a decline in every market covered in the assessment. Prices in Russia, Bulgaria, and Brazil decreased by approximately 18% compared with May, while US prices fell by around 12%.

These movements demonstrate why buyers should examine both monthly and quarterly price changes. A market can experience a large increase over three months and still record a significant correction in the final month.

For example, the 18% June decline in Russia does not automatically mean that prices returned to their Q1 levels. The market had already experienced a substantial increase earlier in the quarter.

An Ammonium Nitrate Price Chart helps businesses understand these changes over time. It can also support comparisons between exporting and importing markets, provided the product specifications and pricing terms are similar.

Russia Ammonium Nitrate Price Trend: FOB St. Petersburg

Russia recorded a significant increase in ammonium nitrate export prices during Q2 2026. Prices at St. Petersburg rose by approximately 45% compared with the previous quarter.

Higher nitric acid costs were an important factor behind the increase. Firm upstream pricing raised manufacturing expenses, while elevated global energy costs added further pressure on producers.

Agricultural demand remained strong as buyers prepared for seasonal fertilizer requirements. This supported consumption and helped maintain interest in available supplies throughout the quarter.

Production remained moderate as manufacturers managed higher feedstock and operating costs. Although domestic output continued, supply availability across international markets was affected by geopolitical uncertainty and disruptions to global trade flows.

These conditions supported higher export prices for much of Q2.

In June 2026, Ammonium Nitrate Prices in Russia declined by approximately 18% compared with May. Reduced buying activity after the peak seasonal purchasing period and lower energy costs contributed to the correction.

The Russian market illustrates how a strong quarterly increase can be followed by a meaningful monthly decline. For exporters and buyers, monitoring both manufacturing costs and international demand is important when evaluating market direction.

Bulgaria Ammonium Nitrate Price Trend: FOB Varna

Bulgaria recorded the strongest quarterly increase among the four markets covered in this assessment. Export prices for ammonium nitrate at Varna increased by approximately 52% in Q2 2026 compared with the previous quarter.

The increase was supported by higher nitric acid prices, elevated energy expenses, and firm agricultural demand. Rising feedstock costs increased production expenses, while seasonal fertilizer consumption helped maintain strong buying interest.

Demand remained healthy across domestic and export markets. Buyers focused on securing fertilizer supplies for agricultural requirements, supporting market activity during the quarter.

At the same time, manufacturers faced higher operating costs and logistical challenges. Supply disruptions and geopolitical uncertainty affected raw material availability and regional trade flows, contributing to tighter market conditions.

In June, Ammonium Nitrate Prices in Bulgaria declined by approximately 18% compared with May. Lower energy costs and reduced buying activity after the main seasonal purchasing period contributed to this change.

Even with the June correction, Bulgaria recorded the largest quarterly increase among the markets examined. This highlights the importance of understanding regional production costs, export demand, and supply availability rather than assuming that all markets will follow the same price pattern.

USA Ammonium Nitrate Price Trend: FOB New Orleans

The United States recorded an increase of approximately 32% in ammonium nitrate prices during Q2 2026. Prices at New Orleans were supported by higher feedstock costs and healthy agricultural demand.

Nitric acid prices remained elevated, increasing manufacturing expenses. Higher global energy costs added further pressure, making production more expensive for manufacturers.

Demand strengthened ahead of seasonal agricultural requirements. Buyers needed fertilizer supplies to support crop production, helping maintain consumption throughout the quarter.

Production remained moderate as manufacturers balanced higher input costs with operating requirements. International supply disruptions and geopolitical tensions also affected raw material availability and trade flows, contributing to relatively tight market conditions.

The combination of firm demand and higher production costs supported the upward price movement during much of Q2.

However, the market softened in June. Ammonium Nitrate Prices in the United States declined by approximately 12% compared with May. Reduced demand after peak seasonal buying and lower energy costs contributed to the monthly decrease.

The US market recorded a smaller quarterly increase than Bulgaria, Russia, and Brazil, but its overall movement still reflected significant upward pressure during Q2.

For fertilizer distributors and procurement teams, this market demonstrates the value of tracking feedstock prices and seasonal demand together. Both factors can influence supplier quotations and purchasing budgets.

Brazil Ammonium Nitrate Price Trend: CIF Santos

Brazil recorded an increase of approximately 45% in ammonium nitrate prices during Q2 2026. Imported material arriving at Santos from Russia was affected by higher feedstock costs, elevated energy expenses, and firm agricultural demand.

As an import-dependent market for the specified supply route, Brazil was exposed to changes in international prices and shipping conditions. Higher nitric acid costs increased production expenses at the source, while transportation and import-related costs influenced the final price paid by buyers.

Agricultural demand remained firm as fertilizer users prepared for crop production requirements. This supported consumption and helped maintain interest in imported supplies.

Geopolitical tensions and disruptions to international trade flows created uncertainty around the availability and movement of raw materials. Although production remained stable in the assessed supply chain, import availability and logistics continued to influence the Brazilian market.

In June 2026, Ammonium Nitrate Prices in Brazil declined by approximately 18% compared with May. Reduced buying activity after peak seasonal demand and lower energy costs contributed to the correction.

For Brazilian importers, the market highlights the importance of evaluating both international export prices and landed costs. Changes in supplier offers, freight expenses, and shipment timing can all affect the final purchase price.

Ammonium Nitrate Price Index: What Buyers Should Know

The Ammonium Nitrate Price Index provides a way to understand price changes over time and evaluate the direction of the fertilizer market. It can help buyers compare current conditions with earlier periods and identify changes in production costs, demand, and supply availability.

During Q2 2026, the market recorded a strong upward movement, with an overall increase of approximately 45% compared with the previous quarter. However, the quarterly increase varied by location, ranging from around 32% in the United States to approximately 52% in Bulgaria.

June movements offered a different picture. Prices declined by around 18% in Russia, Bulgaria, and Brazil, while the United States experienced a decrease of approximately 12%.

When using an Ammonium Nitrate Price Index, buyers should consider the product grade, location, and trade terms. Export prices quoted on an FOB basis are not directly equivalent to import prices quoted on a CIF basis.

FOB pricing generally reflects the product at the exporting port, while CIF pricing includes freight and insurance to the destination port. Differences in logistics costs can therefore affect the comparison between exporting and importing markets.

The index can support budgeting, supplier discussions, and market monitoring. However, it should be used alongside current supplier quotations, product specifications, and local market information rather than as the only basis for a purchasing decision.

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Key Factors Affecting Ammonium Nitrate Prices in 2026

Several factors influenced Ammonium Nitrate Prices during Q2 2026.

1. Nitric acid costs

Nitric acid is a key input in ammonium nitrate production. When its price increases, manufacturers face higher production expenses, which can put upward pressure on finished fertilizer prices.

2. Energy expenses

Fertilizer manufacturing requires energy for production and processing. Higher energy costs can increase operating expenses and influence the prices producers offer to customers.

3. Agricultural demand

Farmers and distributors often secure fertilizer supplies ahead of planting and application periods. Strong seasonal demand can tighten available supply and support higher prices.

4. Production and supply availability

Manufacturers must balance operating costs with expected demand. If production cannot expand quickly enough to meet purchasing requirements, prices may increase. Improved supply availability can help reduce this pressure.

5. Geopolitical tensions and logistics

International conflicts and shipping disruptions can affect raw material availability, freight costs, and delivery schedules. These challenges can create uncertainty for exporters, importers, and fertilizer distributors.

6. Changes in purchasing activity

When buyers expect prices to rise, they may purchase supplies earlier. When prices begin to decline, some buyers may delay orders. These changes can contribute to short-term increases and corrections in market prices.

Ammonium Nitrate Price Forecast: What to Watch Next

The Ammonium Nitrate Price Trend in Q2 2026 suggests that feedstock costs, energy prices, agricultural demand, and supply availability will remain important indicators for future market movements.

After the sharp quarterly increase and June correction, buyers should avoid assuming that prices will continue moving in only one direction. Future prices will depend on how production costs and demand develop in the coming months.

If nitric acid prices remain high and agricultural demand stays firm, ammonium nitrate prices may continue to receive support. Further supply chain disruptions or higher energy costs could also place upward pressure on the market.

On the other hand, lower feedstock costs, improved supply availability, and slower purchasing activity could lead to additional price corrections. The extent of any change will likely differ between exporting and importing markets.

Buyers should monitor the Ammonium Nitrate Price Chart and Ammonium Nitrate Price Index alongside supplier quotations and shipping conditions. Comparing offers from different suppliers and planning purchases around expected consumption can help businesses manage costs.

Forecasts should be treated as informed outlooks rather than guarantees. Actual market prices will depend on future changes in supply, demand, production expenses, and international trade.

The Ammonium Nitrate Price Trend in Q2 2026 showed a sharp increase across major markets, supported by rising nitric acid costs, elevated energy expenses, strong agricultural demand, and supply chain uncertainty. Russia and Brazil recorded quarterly increases of approximately 45%, Bulgaria experienced the strongest rise at around 52%, and the United States recorded an increase of approximately 32%.

However, June brought a correction across all four markets as seasonal purchasing activity eased and energy costs declined compared with May. This change demonstrated how quickly fertilizer market conditions can shift after a period of strong price growth.

For manufacturers, agricultural distributors, importers, and procurement professionals, following Ammonium Nitrate Prices, reviewing the Ammonium Nitrate Price Chart, and monitoring the Ammonium Nitrate Price Index can help provide a clearer understanding of market direction.

Looking ahead, the balance between feedstock costs, energy expenses, agricultural demand, and supply availability will remain important. Regular market monitoring and careful purchasing decisions can help businesses respond to changing conditions and manage fertilizer costs more effectively.

About Price Watch™

Price Watch™ is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price Watch™ specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics.

The Price Watch™ platform empowers manufacturers, traders, and procurement professionals to make faster, smarter decisions. Leveraging AI-powered forecasting and over a decade of historical data, Price Watch™ transforms market volatility into actionable opportunity.

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