Iran Urea Market Report – Week Ending 28 November 2025
The global urea market in the final week of November saw a mild downward movement across the Middle East. During this period, Iranian producers offered granular urea within a range of USD 365 to 377 per ton (FOB). These levels remain attractive for international buyers seeking competitive urea fertilizer 46% prices, particularly importers in Asia, Latin America and Africa. Limited purchasing activity from Asian markets and the absence of new tenders from India contributed to the overall stability of this trend.
Market Prices and Sales Activity of Iranian Producers
Pardis Petrochemical held a tender on 25 November for 30,000 to 60,000 tons of granular urea, with shipment scheduled for December. Offers were submitted based on FOB Asaluyeh, and despite the global softening in prices, the producer has set a target of USD 380 FOB for the coming week. This target remains within the competitive zone of Middle East urea pricing and continues to attract attention from industrial fertilizer buyers.
At Masjed Soleyman Petrochemical, two tenders were issued for both bulk granular urea and bagged urea. The highest bid for the bulk cargo reached USD 372.5 FOB Bandar Imam, although the tender is likely to be cancelled due to higher price expectations from the producer. The 50 kg bagged product, offered on FCA/FOB terms, is also scheduled for December shipment. These price levels continue to appeal to buyers in Turkey, Brazil and Southeast Asia who are actively seeking bulk urea shipments from Iran.
Khorasan Petrochemical offered 500 tons of prilled urea in 50 kg bags on 27 November, based on FOB Bandar Abbas, with a minimum price request of USD 425 FOB. This level is generally acceptable among specialized buyers who prefer the consistent granule profile of Khorasan’s prilled urea, which is widely used in industrial agriculture and commercial fertilizer blending.
Production Stability and Supply Conditions
Unlike previous years, Iranian urea producers have not yet faced gas supply restrictions during this period. Typically, reduced or interrupted industrial gas flow begins from late November, affecting production output. The current stability strengthens Iran’s position as a reliable source for December–January shipments, particularly for importers in Latin America, South Asia and Africa who prioritize consistent urea supply during seasonal demand peaks.
Global Urea Market Outlook
The lack of Indian tenders, cautious purchasing in Brazil and limited procurement from Europe have kept FOB Middle East urea prices near a one-month low. Meanwhile, competition among producers in Iran, Russia, Saudi Arabia and China continues to narrow seller margins, creating a favorable buying environment. Competitive export availability from key Iranian ports including Bandar Abbas, Bandar Imam and Asaluyeh remains attractive to companies seeking dependable urea fertilizer suppliers with steady production.
Conclusion
The current market presents a strong opportunity for international companies looking to secure granular urea or prilled urea at competitive levels. Stable production, access to major export ports and flexible FOB/FCA sales options have positioned Iran as a key supplier for many global urea buyers. Given the possibility of future gas limitations, buyers planning December and January shipments may benefit from securing volumes during the present market conditions.
