Author name: luckem

P.A.: Market under pressure as supply increased under weak demand Abstract: Phosphoric acid market remains sluggish with weak demand, both for hot-process and wet-process. Facilities operate at a medium-low rate. Buyers from new energy sector only place essential orders without incremental demand, leading to slow consumption. Some suppliers offer discounts for firm orders yet transaction volume hardly rises. Some factories […]

Amsul market edged higher in the week. Caprolactam grade EXW price stood at CNY1,100-1,125/t. Operation rate is stable with a sufficient supply to the market. Domestic agricultural demand faded postpeak season; compound fertilizer producers purchased onneed basis. For export market, Amsul FOB price is around USD240-252/t. Buyers are still cautious for new purchases. Yellow phosphorus price drifted lower this week. EXW price in southwest China stood at CNY28,000-28,400/t with slight

Yellow phosphorus market moved upward. The EXW acceptance price stood at CNY27,800-28,500/t(+ 1.02% WoW). Operation rate in the southwest remained moderate, halted capacity for maintenance hasn’t fully resumed, tightening spot supply and pushing producers to hold firm on prices. Downstream purchases are steady with rigid demand yet limited bulk restocking. Sulphur market keeps downtrend. Port granular sulphur price stood at CNY8,500-8,800/t, with a notable decline.

Yellow phosphorus: Supply anchors price floor, Demand determines price ceiling Due to the high energy consumption and high pollution characteristics of yellow phosphorus production, China strictly controls new production capacity, maintaining a stable industry scale and number of enterprises with a high production concentration. Quotations and bidding prices of the manufacturers from major production areas strongly guide the market overall, enabling producers

AmSul: Market tends to Sluggish China’s ammonium sulfate official CIQ policy has been in force for almost one month, with prices fluctuating rapidly amid fundamental and policy factors. As of the closing on August 14, both caprolactam-grade and coke-grade amsul had an overall downward trend for domestic sales and export market. Shandong market witnessed a fall then sharp rebound after the policy rollout. Purchasing

Sulfur: Stalemate on High Stage China’s sulfur market sees narrow price decline amid mixed factors interplay. Main granular sulfur price at Zhenjiang Port stands at CNY9,100/t (-CNY50/t WoW). Escalating shipping risks at the Strait of Hormuz fuel global supply worries, while Kuwait’s sharp cut to its August contract price to USD865/t FOB (-85/t), easing part of the market tense atmosphere. Domestic

MAP：Waiting for Autumn Demand Recently, China’s mono ammonium phosphate (MAP) market stays steady. Restrained by high production costs and sluggish downstream demand, the market remains in a stalemate. Local inquiries edge up slightly, yet downstream buyers require low prices and only place small scale rigid demand orders. Later stage market trends hinge on autumn wheat fertilizer sales and

CN/CAN EXPORT RESUME BRINGS PRICE SURGE Yellow phosphorus: price edged down narrowly. The weekly-opening average price stood at CNY27,629/t and the weekend benchmark price dropped to CNY27,563/t. The price change resulted from plant-maintenance started in Guizhou but later resumed operation, supply grew. Downstream demand stayed slack season, buyers resisted high prices and trading activity remained thin. Low factory inventories limited downward

As a key northwestern region, Xinjiang relies on sulfur recovered from oil/gas fields, refineries, and coal chemical plants. In H1 2026, supply remained stable from existing units, but high raw materials prices suppressed downstream operation rate, limiting demand growth. Major producers’ total H1 output was 57,6kt and minor maintenance disruptions with relatively stable supply. Figure 1 – Xinjiang Monthly Sulfur

H1 2026 Phosphoric Acid Market Review and H2 Outlook In the first half of 2026, China’s phosphoric acid market trended upward with overall volatility. Both purified wet-process P.A. and hot-process P.A. showed price uptrend, mainly driven by high raw material costs and resilient new energy demand. Meanwhile, the two processing routes presented divergent market performances and operating rates, with