The global fertilizer market showed clear direction during the week of November 11–17, 2025, with nitrogen by-products and phosphate markets moving differently across the major importing regions. While Urea remained volatile, other products such as Ammonium Sulphate (AS), DAP/MAP, NPK (MOP), and Rock Phosphate followed their own unique market trends.

Here is the complete analysis global fertilizer market

1. Ammonium Sulphate (AS): Lower Prices but Explosive Demand in Brazil

Weekly Trend (From Your Data)

• China

  • Standard grade: $157–160/MT FOB

  • Granular: $158–162/MT FOB

• Southeast Asia

  • Trading activity slow at $170–180/MT CFR

• Brazil

  • Compressed grade around $168–175/MT CFR

  • Imports hit an all-time record of 5.8M MT (+40% YoY)

Latest Insight

Brazil’s import surge confirms a global shift: AS is now replacing Urea in major agricultural markets due to better sulphur content and lower cost per nitrogen unit.

Market Insight

• Buyers prefer AS over Urea as cost spreads widen.

• China’s domestic market is lifting prices slightly, signaling that the bottom is already tested.

• If global Urea rises (as projected), AS demand may increase even further.

Overall Outlook:
➡️ Strong demand, stable-to-soft prices, and continued buyer interest—especially in Brazil and Southeast Asia.

2. DAP/MAP Market: India Controls the Global Mood

Weekly Price Comparison (From Your Data)

• India

  • DAP at $699–700/MT CFR (down from $720–725 earlier)

  • Large MAP tender still pending

• China

  • DAP: $695–705/MT FOB (slightly firmer than early week)

• Brazil

  • MAP steady at $650/MT CFR

• USA (Nola)

  • DAP $750–765/st FOB

  • MAP $700–725/st FOB

Market Insight

• India’s high stocks (2.3M MT reported earlier) and slow internal movement continue to push global prices down.

• Southeast Asia remains weak, keeping demand quiet even with stable availability.

• China’s FOB values firmed slightly due to improved domestic pull but export volume remains slow.

• US prices stay firm due to tighter inland supply.

Overall Outlook:
➡️ Soft market with no strong upward momentum until India restarts big-volume buying.

3. NPK (MOP/Potash): Stable, Balanced Market With Mild Buying Support

(Only in November 11 report, but still important)

Current Market Range (From Your Data)

• Standard MOP: $360–380/MT CFR

• Granular MOP: $380–395/MT CFR (Thailand & Vietnam)

• Malaysia: Plantation tenders around $340/MT CFR, pending

• Thailand: Domestic prices stable at 12,800 Baht/t EXW

Latest Insight

• Asia continues to offset weak European demand.

• Brazil prepares for the Safrinha season, adding mild bullishness to potash sentiment.

Market Insight

• MOP remains one of the most stable fertilizers this quarter.

• No major supply shocks or policy restrictions are expected.

• Prices may get slightly stronger if Southeast Asian plantation demand rises in Q4.

Overall Outlook:
➡️ Stable to mildly bullish, with balanced global supply.

4. Rock Phosphate: Rising Softly on India’s Demand

Current Market Prices (From Your Data)

• Morocco → India: $204/MT CFR, FOB $176

• Togo → India: $218/MT CFR, FOB $188

Latest Insight

• Producers are maintaining shipment discipline, preventing oversupply.

• India’s ongoing phosphoric acid planning for rabi season keeps demand steady.

Market Insight

• Slightly higher offers vs. Q3 reflect firmer mining costs and tighter availability.

• Seasonal Indian demand continues to support CFR values.

Overall Outlook:
➡️ Slight upward trend with stable demand from India.

Final Summary: What’s Moving the Market Now

• Ammonium Sulphate (AS):
  Strongest performer this week. Heavy Brazilian imports + slight China rebound = solid demand outlook.

• DAP/MAP:
  Prices down globally. India remains the main price setter. Southeast Asia quiet.

• NPK (MOP):
  Stable and balanced with mild bullish tone. No volatility expected soon.

• Rock Phosphate:
  Offers rising slightly. Indian CFR values firm due to steady seasonal demand.