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#fertilizer #fertilizers #analytics #businessnews #agriculture #naturalgas #shipping #cbam #europe #tariffs #urea #ammonia #sulphate #ammoniumnitrate #phosphate #wheat #corn #soyabean #weeklyreview #fertilizersjazz Weekly Review — Week 2, 2026 | Fertilizers, Agriculture, Gas & Shipping European fertilizer markets were shaken by news of a potential CBAM suspension and waiving of most-favoured-nation import tariffs. Buyers remain cautious, awaiting official guidance from the European Commission. Key highlights of the week: • CBAM: suspension rumours puzzled European buyers and slowed buying activity even more. • Urea: Indian tender outcome suggests nitrogen prices found a floor in December. Global urea supply is tightening amid early US purchases, Iranian outages until mid-February, and reduced Russian exports due to domestic sales and ongoing drone attacks on fertilizer plants. • Ammonium sulphate: standard and granular grades traded at similar levels in China, while global demand remained slow. • Ammonium nitrate: demand stayed subdued due to CBAM uncertainty in Europe and off-season in Brazil. • Ammonia: prices were stable; supply East of Suez remained tight, while US Gulf Coast Ammonia and Woodside Beaumont plants added supply West of Suez. • Phosphates: prices appear to have bottomed, but affordability remains a major challenge in 2026. • Natural gas: European prices stayed relatively low amid warm weather and steady supply; US prices also dropped. • Agricultural commodities: futures stayed elevated, market is awaiting January USDA report for guidance. • Shipping: container rates increased sharply at all routes, while bulk shipping activity was subdued after holidays break. Please, subscribe to the channel and push the bell in order not to miss the jazz!