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According to a report from Sinochem New Network, at the 2026 National Spring Nitrogen Fertilizer Market Analysis Conference, Gu Zongqin, president of the China Nitrogen Fertilizer Industry Association, pointed out that in 2025, the operation of China’s nitrogen fertilizer industry exhibited six main characteristics. First, production has increased significantly. In 2025, the national production of synthetic ammonia will be 77.687 million tons, representing a 6.1% increase compared to the previous year ； Nitrogen fertilizer production reached 52.563 million tons of pure nitrogen, an increase of 6.8% ； Urea production was 72.013 million tons (in physical terms), an increase of 7.1%. Second, urea exports have increased significantly. According to customs statistics, in 2025 China exported 9.34 million tons of pure nitrogen in the form of nitrogen fertilizers, a 68.6% increase compared with the previous year. Among them, the cumulative export of urea amounted to 4.894 million tons in terms of physical volume, representing a 17.8-fold increase ； The average export price of urea was 410.2 US dollars per ton, up by 14.3%, which is more than 1,000 yuan per ton higher than the domestic price, generating direct benefits of around 5.9 billion yuan. Third, consumption remains basically stable. In 2025, the apparent consumption of nitrogen fertilizers was 44.251 million tons (in pure terms), representing a 0.7% increase compared to the previous year ； The apparent consumption of urea was 67.12 million tons, an increase of 0.4%. Fourth, coal prices have fallen while natural gas prices have risen slightly. In 2025, the average ex-plant price of smokeless lump coal was 977 yuan per ton, a decrease of 16.1% compared to the previous year ； The average price of bituminous coal at the factory was 777 yuan per ton, a decrease of 21%. The average price of natural gas at the plant is 2.218 yuan per cubic meter, an increase of 3.8%. Fifth, the price of nitrogen fertilizers has dropped significantly. The average ex-plant price of urea in 2025 was 1,711 yuan per ton, a decrease of 17.2% compared to the previous year. Sixth, corporate profitability is declining, sales profit margins are falling, and the number of companies experiencing losses is increasing. In 2025, the total profit of China’s nitrogen fertilizer manufacturing industry is expected to be around 2 billion yuan, a 75% decrease compared to the previous year ； The sales profit margin is around 1%, a decrease of 2.7 percentage points. The proportion of companies in the red was 47.1%, an increase of 13.8 percentage points. “Overall, in 2025, domestic nitrogen fertilizer supply was sufficient and prices dropped significantly, successfully fulfilling the task of ensuring supply and stabilizing prices. It is worth noting that by strengthening industry self-discipline, the orderly export of urea was achieved, and its export profitability improved significantly, providing successful experience for China’s nitrogen fertilizer exports. ”Gu Zongqin said.