South Korea’s LNG market in December 2025 was shaped by fluctuating demand signals, short-lived weather-driven buying, strategic LNG cargo diversions, and strong momentum in the LNG shipbuilding sector. Market participants continued to weigh inventory levels, fuel-switching economics, and rising import costs amid geopolitical and currency pressures.

Welcome to Argus Korea Commodities Insights, your go-to source for the latest developments shaping South Korea’s energy, industrial, and trade sectors. Today we’re diving into the key stories since January 1, 2026. Let’s get started.

Hear Argus’ essential analysis of the ammonium sulphate (AS) market in Brazil, covering why demand is growing, how AS and urea fit in Brazilian crop nutrition, why AS imports overtook urea in 2025 and key price and demand trends globally and in Brazil. We also introduce the new Argus compacted Ammonium Sulphate cfr Brazil daily price assessment.

Join Harry Minihan, Global Editor – Nitrogen, Upasruti Biswas, Senior Reporter – Fertilizers, and Bruno Castro, Reporter – Grains and Fertilizers as they discuss these topics in the latest episode of Argus' Fertilizer Matters podcast series.

Key questions answered in this podcast:

· What is ammonium sulphate, why is it important and why has demand for it grown?

· Which Brazilian crops are best suited to AS/urea – and when is AS substituted for urea?

· What role does AS play in Brazil, and how significant is Brazil in the global AS market?

· Why did AS imports into Brazil overtake urea in 2025, and could this trend continue?

· How are AS prices and demand evolving globally and in key markets like Brazil and India?

· Why did Argus launch the compacted Ammonium Sulphate cfr Brazil daily price assessment, and how does it improve price transparency?