
Urea (Granular) - Egypt CAS: 57-13-6

In early 2026 the global chemical market saw a dramatic price spike during the Hormuz crisis, only to reverse course by April even before shipping lanes fully reopened. This article dissects the panic‑driven surge, the factors that triggered the drop, and the procurement intelligence lessons that can help buyers mitigate volatility.

Nutrien is expected to report exceptionally strong Q2 2026 earnings as sanctions on Russian and Belarusian potash combine with Hormuz supply disruption to tighten global markets. Potash buyers should watch July guidance closely before negotiating H2 contracts.

Petrochemical markets are moving toward recovery as Brent prices ease, Hormuz transit improves and supply confidence returns. This outlook explains why price correction may happen slowly rather than through a sharp decline.

Sulfur prices doubled from January to April 2026, driven by the collapse of Gulf refinery output

Urea prices have dropped sharply after the Hormuz MOU, creating potential buying opportunities for fertilizer buyers despite ongoing supply recovery challenges.

Global potash markets remain under pressure as sanctions continue restricting Russian and Belarusian supply while new Middle East disruptions affect freight routes. Buyers are increasingly seeking alternative suppliers as fertilizer supply risks intensify ahead of the next planting season.
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