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EspañolAmmonia daily prices
| Market / delivery basis | Unit | 22 October 2026 | 21 October 2026 | Change |
|---|---|---|---|---|
| Middle East fob | USD/t | 480 | 465 | ↗ +15 |
| East Asia (exc Taiwan) cfr | USD/t | 535 | 535 | → 0 |
| NW Europe (duty paid/free) cfr | USD/t | 700 | 700 | → 0 |
| US Gulf cfr | USD/t | 565 | 565 | → 0 |
| US Gulf fob | USD/t | 530 | 515 | ↗ +15 |
Carbon-adjusted ammonia · daily
| Market / delivery basis | Unit | 22 October 2026 | Change |
|---|---|---|---|
| cfr NWE CBAM paid (duty unpaid) | USD/t | 726.18 | ↗ +0.50 |
| cfr NWE CBAM paid (duty free/paid) | USD/t | 768.44 | ↗ +0.52 |
| cfr NWE CBAM paid default value (duty unpaid) | USD/t | 740.75 | ↗ +0.60 |
| cfr NWE CBAM paid default value (duty free/paid) | USD/t | 783.86 | ↗ +0.63 |
Ammonia weekly prices · FOB
| Market / delivery basis | Unit | 22 October 2026 · Range | 22 October 2026 · Midpoint | 15 October 2026 · Range | 15 October 2026 · Midpoint | Change |
|---|---|---|---|---|---|---|
| North Africa | USD/t | 625–655 | 640.0 | 610–625 | 617.5 | ↗ +22.5 |
| Middle East | USD/t | 460–490 | 475.0 | 450–470 | 460.0 | ↗ +15.0 |
| Middle East spot | USD/t | 470–490 | 480.0 | 460–470 | 465.0 | ↗ +15.0 |
| Middle East contract | USD/t | 460–470 | 465.0 | 450–460 | 455.0 | ↗ +10.0 |
| US Gulf domestic (barge) | USD/st | 510–525 | 517.5 | 500–525 | 512.5 | ↗ +5.0 |
| Caribbean | USD/t | 495–570 | 532.5 | 495–570 | 532.5 | → 0 |
| US Gulf | USD/t | 485–570 | 527.5 | 485–550 | 517.5 | ↗ +10.0 |
| SE Asia and Australia | USD/t | 460–490 | 475.0 | 450–480 | 465.0 | ↗ +10.0 |
| SE Asia and Australia spot | USD/t | 470–490 | 480.0 | 460–480 | 470.0 | ↗ +10.0 |
| SE Asia and Australia contract | USD/t | 460–470 | 465.0 | 450–460 | 455.0 | ↗ +10.0 |
| China | USD/t | 480–500 | 490.0 | 470–500 | 485.0 | ↗ +5.0 |
Ammonia weekly prices · CFR & domestic
| Market / delivery basis | Unit | 22 October 2026 · Range | 22 October 2026 · Midpoint | 15 October 2026 · Range | 15 October 2026 · Midpoint | Change |
|---|---|---|---|---|---|---|
| NW Europe (duty unpaid) | USD/t | 635–670 | 652.5 | 625–640 | 632.5 | ↗ +20.0 |
| NW Europe (duty paid/free) | USD/t | 670–705 | 687.5 | 660–675 | 667.5 | ↗ +20.0 |
| NW Europe weekly index | USD/t | — | 682.00 | — | 658.00 | ↗ +24.00 |
| Turkey | USD/t | 640–660 | 650.0 | 620–645 | 632.5 | ↗ +17.5 |
| Morocco | USD/t | 600–610 | 605.0 | 585–600 | 592.5 | ↗ +12.5 |
| India | USD/t | 500–540 | 520.0 | 490–520 | 505.0 | ↗ +15.0 |
| India spot | USD/t | 500–540 | 520.0 | 510–520 | 515.0 | ↗ +5.0 |
| India contract | USD/t | 510–540 | 525.0 | 490–510 | 500.0 | ↗ +25.0 |
| East Asia (excl Taiwan) | USD/t | 510–550 | 530.0 | 500–550 | 525.0 | ↗ +5.0 |
| East Asia (excl Taiwan) spot | USD/t | 520–550 | 535.0 | 520–550 | 535.0 | → 0 |
| East Asia (excl Taiwan) contract | USD/t | 510–520 | 515.0 | 500–510 | 505.0 | ↗ +10.0 |
| Taiwan | USD/t | 480–510 | 495.0 | 470–510 | 490.0 | ↗ +5.0 |
| China | USD/t | 510–530 | 520.0 | 500–520 | 510.0 | ↗ +10.0 |
| Singapore | USD/t | 510–520 | 515.0 | 500–510 | 505.0 | ↗ +10.0 |
| ex-works Jiangsu | CNY/t | — | 2,650 | — | 2,640 | ↗ +10 |
| Tampa | USD/t | 545–545 | 545.0 | 545–545 | 545.0 | → 0 |
| US Gulf | USD/t | 545–580 | 562.5 | 545–580 | 562.5 | → 0 |
The NW Europe weekly index averages daily CFR duty-free assessments.
Low-carbon ammonia & differential
| Market / delivery basis | Unit | 22 October 2026 · Range | 22 October 2026 · Midpoint | 15 October 2026 · Range | 15 October 2026 · Midpoint | Change |
|---|---|---|---|---|---|---|
| Low-carbon ammonia CFR Ulsan (excluding US 45Q tax credit) | USD/t | — | 895.58 | — | 889.29 | ↗ +6.29 |
| Low-carbon ammonia CFR Ulsan (including US 45Q tax credit) | USD/t | — | 759.58 | — | 753.29 | ↗ +6.29 |
| Gas carrier ammonia Niihama (Ulsan basis) differential to CFR Ulsan | USD/t | — | −0.42 | — | −0.32 | ↘ −0.10 |
Natural gas inputs
| Market / delivery basis | Unit | 22 October 2026 · Range | 22 October 2026 · Midpoint | 15 October 2026 · Range | 15 October 2026 · Midpoint | Change |
|---|---|---|---|---|---|---|
| Henry hub | USD/mm Btu | — | 3.22 | — | 3.18 | ↗ +0.04 |
| TTF month ahead | USD/mm Btu | — | 28.60 | — | 27.45 | ↗ +1.15 |
Ammonia production costs
| Market / delivery basis | Unit | 22 October 2026 · Range | 22 October 2026 · Midpoint | 15 October 2026 · Range | 15 October 2026 · Midpoint | Change |
|---|---|---|---|---|---|---|
| Ammonia production cost · FOB US Gulf | USD/t | — | 185.04 | — | 181.44 | ↗ +3.60 |
| Ammonia production cost · FOB Northwest Europe | USD/t | — | 1,092.83 | — | 1,002.42 | ↗ +90.41 |
The Northwest Europe production-cost estimate was calculated on 20 October 2026; this table was reported on 22 October.
Carbon-adjusted ammonia · weekly
| Market / delivery basis | Unit | 22 October 2026 · Range | 22 October 2026 · Midpoint | 15 October 2026 · Range | 15 October 2026 · Midpoint | Change |
|---|---|---|---|---|---|---|
| CFR NW Europe · CBAM paid · duty unpaid | USD/t | 698–731 | 714.37 | 688–702 | 695.18 | ↗ +19.19 |
| CFR NW Europe · CBAM paid · duty free/paid | USD/t | 738–773 | 755.94 | 728–743 | 735.64 | ↗ +20.30 |
| CFR NW Europe · CBAM paid · default value · duty unpaid | USD/t | 712–745 | 728.94 | 703–717 | 709.70 | ↗ +19.24 |
| CFR NW Europe · CBAM paid · default value · duty free/paid | USD/t | 754–789 | 771.36 | 744–759 | 751.00 | ↗ +20.36 |
Ammonia freight rates
| Route | Vessel | Cargo · MT | Unit | 21 October 2026 | 14 October 2026 | Change |
|---|---|---|---|---|---|---|
| Arzew to Antwerp+Tees | MGC | 25300 | USD/t | 50.65 | 49.76 | ↗ +0.89 |
| Bontang to Kakinada+Paradip | MGC | 25300 | USD/t | 60.57 | 60.14 | ↗ +0.43 |
| Bontang to Paradip | MGC | 25300 | USD/t | 51.39 | 51.02 | ↗ +0.37 |
| Bontang to Ulsan | MGC | 25300 | USD/t | 44.65 | 44.32 | ↗ +0.33 |
| Donaldsonville to Antwerp | MGC | 25300 | USD/t | 92.63 | 91.15 | ↗ +1.48 |
| Donaldsonville to Jorf Lasfar | MGC | 25300 | USD/t | 84.34 | 82.79 | ↗ +1.55 |
| Donaldsonville to Ulsan (via Panama) | MGC | 25300 | USD/t | 188.50 | 184.71 | ↗ +3.79 |
| Donaldsonville to Ulsan (via Cape) | MGC | 25300 | USD/t | 242.00 | 236.17 | ↗ +5.83 |
| Donaldsonville to Niihama (via Panama) | MGC | 25300 | USD/t | 188.25 | 184.33 | ↗ +3.92 |
| Donaldsonville to Niihama (via Cape) | MGC | 25300 | USD/t | 244.12 | 238.25 | ↗ +5.87 |
| Point Lisas to Jorf Lasfar | MGC | 25300 | USD/t | 56.41 | 55.02 | ↗ +1.39 |
| Point Lisas to Antwerp | MGC | 25300 | USD/t | 71.11 | 69.60 | ↗ +1.51 |
| Point Lisas to Houston | MGC | 25300 | USD/t | 43.56 | 42.74 | ↗ +0.82 |
| Point Lisas to Tampa+Houston+Point Comfort | MGC | 25300 | USD/t | 54.90 | 54.08 | ↗ +0.82 |
| Point Lisas to Richards Bay | MGC | 21000 | USD/t | 120.97 | 117.85 | ↗ +3.12 |
| Point Lisas to Ulsan | MGC | 25300 | USD/t | 162.63 | 158.83 | ↗ +3.80 |
| Ras Al Khair to Jorf Lasfar (via Cape) | MGC | 25300 | USD/t | 164.11 | 163.08 | ↗ +1.03 |
| Ras Al Khair to Antwerp (via Cape) | MGC | 25300 | USD/t | 187.70 | 186.67 | ↗ +1.03 |
| Ras Al-khair to Jorf Lasfar (via Suez) | MGC | 25300 | USD/t | 112.98 | 112.31 | ↗ +0.67 |
| Ras Al-khair to Antwerp (via Suez) | MGC | 25300 | USD/t | 134.25 | 133.58 | ↗ +0.67 |
| Ras Al-khair to Ulsan | MGC | 25300 | USD/t | 104.47 | 103.82 | ↗ +0.65 |
| Ras Al-khair to Kandla | MGC | 25300 | USD/t | 28.49 | 28.29 | ↗ +0.20 |
| Ras Al-khair to Kakinada | MGC | 25300 | USD/t | 55.77 | 55.40 | ↗ +0.37 |
| Ras Al-khair to Taichung | MGC | 25300 | USD/t | 91.91 | 91.31 | ↗ +0.60 |
| Ras Al-khair to Richards Bay | MGC | 21000 | USD/t | 90.23 | 89.61 | ↗ +0.62 |
| Arzew to Rotterdam | Handysize | 15000 | USD/t | 47.76 | 47.15 | ↗ +0.61 |
| Bontang to Ulsan | Handysize | 15000 | USD/t | 61.10 | 61.28 | ↘ −0.18 |
| Point Lisas to Tampa | Handysize | 15000 | USD/t | 51.06 | 50.56 | ↗ +0.50 |
| Ras Al-khair to Kakinada | Handysize | 15000 | USD/t | 79.27 | 79.56 | ↘ −0.29 |
| Ras Al-khair to Kandla | Handysize | 15000 | USD/t | 38.14 | 38.27 | ↘ −0.13 |
| Luwuk to Caojing+Ulsan | LGC | 40000 | USD/t | 45.99 | 42.68 | ↗ +3.31 |
| Luwuk to Taichung+Caojing+Ulsan | LGC | 40000 | USD/t | 51.41 | 47.64 | ↗ +3.77 |
| Point Lisas to Jorf Lasfar | LGC | 40000 | USD/t | 52.65 | 48.18 | ↗ +4.47 |
| Texas City to Jorf Lasfar | LGC | 40000 | USD/t | 69.81 | 64.31 | ↗ +5.50 |
Ammonia freight is assessed on 21 October 2026, compared with 14 October.
Weekly ammonia assessments · monthly averages
| Market / delivery basis | Unit | October MTD range | October MTD midpoint | September range | September midpoint | August range | August midpoint |
|---|---|---|---|---|---|---|---|
| East Asia (excl Taiwan) cfr | USD/t | 492.50–537.50 | 515.000 | 460.00–520.00 | 490.000 | 548.75–587.50 | 568.125 |
| Middle East fob | USD/t | 435.00–457.50 | 446.250 | 418.75–446.25 | 432.500 | 470.00–500.00 | 485.000 |
Daily ammonia assessments · monthly averages
| Market / delivery basis | Unit | 22 October price | October MTD average | September average | August average |
|---|---|---|---|---|---|
| Middle East fob | USD/t | 480 | 435.63 | 422.73 | 504.00 |
| East Asia (exc Taiwan) cfr | USD/t | 535 | 517.50 | 477.50 | 585.75 |
| NW Europe (duty paid/free) cfr | USD/t | 700 | 649.69 | 656.82 | 698.00 |
| US Gulf cfr | USD/t | 565 | 552.50 | 554.09 | 623.00 |
| US Gulf fob | USD/t | 530 | 497.19 | 500.45 | 578.25 |
2026 ammonia CBAM cost estimates
| Origin | Default intensity · t CO₂e/t | CBAM · default intensity · USD/t · ETS rolling average | CBAM · average intensity · USD/t · ETS rolling average |
|---|---|---|---|
| Algeria | 2.10 | 59.46 | 50.12 |
| Egypt | 2.07 | 56.53 | 24.10 |
| US | 3.44 | 188.94 | 17.35 |
| Trinidad | 2.44 | 92.56 | 43.38 |
| Libya | 2.19 | 68.22 | 90.61 |
| Russia | 2.28 | 76.98 | 74.80 |
| Other | 3.16 | 161.68 | 158.66 |
Ammonia forward curves
| Market / delivery basis / Delivery period | Unit | 22 October 2026 |
|---|---|---|
| Middle East FOB · 2026-11 | USD/t | 463.82 |
| Middle East FOB · 2026-12 | USD/t | 464.06 |
| Middle East FOB · 2027-01 | USD/t | 465.96 |
| East Asia (excluding Taiwan) · 2026-11 | USD/t | 533.94 |
| East Asia (excluding Taiwan) · 2026-12 | USD/t | 534.13 |
| East Asia (excluding Taiwan) · 2027-01 | USD/t | 539.16 |
| NW Europe CFR (duty paid/free) · 2026-11 | USD/t | 697.73 |
| NW Europe CFR (duty paid/free) · 2026-12 | USD/t | 697.92 |
| NW Europe CFR (duty paid/free) · 2027-01 | USD/t | 704.36 |
| US Gulf CFR · 2026-11 | USD/t | 563.43 |
| US Gulf CFR · 2026-12 | USD/t | 563.58 |
| US Gulf CFR · 2027-01 | USD/t | 569.26 |
Forward curves show dated future-delivery values, not forecasts. They combine available assessments with derived term structure.