This week, the global fertilizer market was primarily driven by four key factors: disruptions to shipping through the Strait of Hormuz, surging raw material prices, China's newly issued urea export quota combined with India's latest urea tender, and the conclusion of India's annual potash contract.

Recently, driven by a combination of escalating geopolitical tensions, tightening raw material supply, rising freight costs, and the release of rigid demand from the spring planting season, the global fertilizer market has trended upward overall. Prices for nitrogen, phosphate, and potash fertilizers have strengthened across the board, with increasingly differentiated regional supply–demand dynamics.