Chemicals & Materials Price Monitor | June 2026 Conflict Recovery Update

Market Pulse: Recovery is accelerating following the June 19th Peace Accord. The Strait of Hormuz has officially reopened to commercial tankers, leading to a massive 24% drop in crude prices this month and a corresponding relief in global chemical feedstock costs.

Brent Crude Oil

$72.81 / bbl ▼ 1.26%

Return to pre-war levels (May Peak: $120.00).

Natural Gas (Henry Hub)

$3.34 / MMBtu ▼ 0.8%

Stabilizing after regional supply disruptions.

Naphtha (Asia Pacific)

$642.50 / t ▼ 2.4%

Direct impact on polymer production costs.

Material	Current Price (June 2026)	Trend	Conflict Peak
Urea (Granular NOLA)	$453.50 / st	Normalizing	$710.00
Anhydrous Ammonia	$924.00 / t	Falling Fast	$1,123.00
DAP (Diammonium Phosphate)	$864.00 / t	Resilient	$870.00
Potash (Standard Grade)	$502.00 / t	Steady	$505.00

Methanol (Global Benchmark)

$314.00 / mt ▼ 5.2%

Supply from Qatar and Iran resuming transit.

Benzene (US Gulf)

$3.22 / gal ▼ 4.1%

Primary input for styrene and pharmaceuticals.

Propylene (Polymer Grade)

42.5¢ / lb ▼ 1.5%

Logistics backlogs clearing at major ports.

2026 Conflict Impact Summary

Feb 28, 2026: Hostilities began; Strait of Hormuz effectively closed to US-aligned shipping.
March - May 2026: Urea prices surged 71% in 90 days. Global food security warnings issued as 30% of ammonia trade was stranded.
June 19, 2026: Permanent Peace Accord signed. Reopening of the waterway triggered immediate sell-offs in war-risk commodities.
June 25, 2026 (Today): Energy benchmarks have fully retraced to pre-war levels; chemical derivative prices expected to lag but follow downward trend through Q3.