Author name: luckem

Market Wrap 2642 Yellow phosphorus edged up slightly in the week, mainstream deals at CNY28,246-28,296/t. Supply side, facilities maintenance in Guizhou and market tight spot supply offers support to pricing. Demand side, end-users only purchased on demand without bulk stocking, limiting price increase. Phosphoric acid weakened slightly. Autumn fertilizer season ended and compound fertilizers operation rates declined. Weak demand weighed on shipments and dragged prices lower. Phosphate rock stayed […]

The sulfur market fell far faster and deeper than widely expected in October. Global demand remained sluggish, forcing suppliers to cut prices. Domestic market has a strong wait-and-see sentiment, while holders took a passive stance. Besides, downstream fertilizers operation rates keep sliding. The previous view that sulfur was prone to rise but hard to fall failed, and market sentiment turned bearish. International

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

Ammonia: Market Fluctuates Rapidly The synthetic ammonia market kept rising after the National Day holiday, supported by unexpected output cuts in some regions and shipments demand to port. Low inventory and staged restocking from downstream buyers, plus sporadic temporary production reduction, boosted market sentiment. New auction prices climbed and manufacturers lifted offers. Prices surged CNY300-600/t, hitting CNY2,900-3,010/t in Shandong.

Yellow Phopshorus: market was stable-to-firmer. The benchmark held at CNY 27,766/t, WoW flat (-0.5% MoM). Post-holiday mainstream acceptance prices stood at CNY 27,800/t in Yunnan/Sichuan and CNY 28,000/t in Guizhou, with suppliers tentatively lifting offers on thin watchful demand and decent follow-on orders. Falling electric-power and sulfur costs cap the upside for the thermal processed materials. Phosphoric Acid: generally stable. Thermal/industrial grade

Sulfur: Ongoing Downtrend After the National Day holiday, China’s sulfur spot market failed to rebound. Import volume compensation is limited so traders still hold their offer, yet sluggish demand and still high prices led to slow trading actions with few purchases. The previous strong international sulfur market slumped. Domestic sulfur has not followed the downtrend, while upward

1.Yellow phosphorus: High level of domestic self-sufficiency with quite small share of export Yellow phosphorus is a core basic chemical raw material. China’s yellow phosphorus industry has achieved a high self-sufficiency rate of nearly 100%. Domestic production capacity is concentrated in Yunnan, Sichuan, Guizhou and Hubei, the main regions rich in phosphate ore and hydropower resources. Relying

TMAP Trends Down as Raw Materials Cost Slides Abstract Since September, domestic sulfur prices have kept falling, dampening market sentiment. Sulfuric acid has also weakened, eroding cost support and easing production pressure for manufacturers. Phosphate fertilizer market is in slack season with winter reserves not yet launched, leading to a sluggish demand and limited trade. Stable

Sept.14-20, 2026

Sulfuric acid: cost support weakened yet demand keeps sluggish Sulfuric acid market has failed to meet the traditional “Golden September” peak season expectation this month. Intensified supply-demand conflicts drive price to keep falling. Until mid September, the price index of 98% sulfuric acid is quoted at CNY1,540/ton (-3.75% MoM). Although the price remains at a historically high level, the market