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Published Date: Dec 25, 2025In Oct. 2023, yellow phosphorus prices kept stable and then increased slightly and the prices are likely to continue to fluctuate in the short run.
For DAP, as demand in the autumn market gradually drew to a close in Oct., downstream enterprises were not enthusiastic about purchasing and they mainly held wait-and-see attitudes. MAP demand began to weaken in Oct. The mainstream transaction prices in the downstream compound fertiliser market went down as limited demand for winter storage was released.
Company dynamics of phosphorus chemicals in Oct.
On 20 Oct., 2023, Xinyangfeng Agricultural Technology Co., Ltd. released its Q3 2023 report showing that in July–Sept. 2023, it achieved revenues of USD534.34 million (RMB3.84 billion), up by 44.01% YoY
On 20 Oct., 2023, the 1.50 million t/a underground mining and beneficiation project of Hubei Huangmailing Holding Group Co., Ltd. began construction in Dawu County, Xiaogan City, Hubei Province.
On 28 Sept., 2023, a ground breaking ceremony for the 100,000 t/a wet-process refined PA project of Guangdong Guangye Yunliu Mining Industry Co., Ltd., the subsidiary of Guangxi Yuegui Guangye Holdings Co., Ltd. was held.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB 7.1789 on 9 Oct., 2023, sourced from the People's Bank of China.
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Published Date: Dec 24, 2025
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