Urea Production Costs and Gas in 2026: Which Producers Still Make Money?

After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.

• Feb 21, 2025Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily-0.5%
• Jul 16, 2024Egyptian urea producers halt output on renewed gas supply disruption+0.8%
• Dec 4, 2025Weak rupee may raise fertiliser import, production costs and subsidy load | Industry News - Business Standard-0.5%
• Sep 17, 2021Urea values surge in the west, supply tightens further as producers shutter and cutback output-0.1%
• Sep 22, 2021Nitrogen prices soar as high gas prices shut down production - Farmers Weekly+2.2%

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Sep 17, 2021Urea values surge in the west, supply tightens further as producers shutter and cutback output-8.6%
• Sep 22, 2021Nitrogen prices soar as high gas prices shut down production - Farmers Weekly+20.7%
• Apr 1, 2017Gas prices will rise and there's not much we can do to stop it+2.7%
• May 23, 2025US natural gas market increasingly volatile amid falling coal, producer discipline | S&P Global+0.5%
• Jan 14, 2021What the Rally in Gas Prices Tells us about Gas Markets and Energy Security-10.2%