Market Outlook
• Ammonia prices are expected to ease through January as new supply comes online. Woodside’s Beaumont facility produced its first ammonia at the end of December and is poised to start commercial production in early 2026, and there is also new supply from Gulf Coast Ammonia (GCA). In Saudi Arabia, the expectation is that both Ma’aden and Sabic will return to the market mid-to-late January.
