October 20, 2026

Market Wrap 2642 Phosphoric Acid: slightly up. Quoted at CNY 8,400/t (+0.30% WoW / +0.90% MoM). It edged higher on yellow phosphorus cost pass-through, but thin ammonium phosphate fertilizers buying capped the gain. It is a cost-led tick with no demand support. Sulfur: loser of the week. Price is CNY 6,652/t (-10.01% WoW / -13.65% MoM). Domestic refineries destocked aggressively, cutting solid […]