Editor's Note
In March 2026, due to the U.S. ban on phosphorus product exports, the Middle East conflict, and speculation by domestic manufacturers, the price of yellow phosphorus fluctuated significantly. With costs staying high and rigid demand being released, the prices of MAP and DAP remained high and stable.
March project developments
- On 2 March, 2026, CJN announced a change in the use of raised funds, with USD100.38 million (RMB695 million) to be invested in its Egypt phosphorus chemical project.
- On 3 March, 2026, the EI report for the phosphate facilities flexible renovation project of Dazhou Wengfu was announced to be approved.
- On 10 Mar., 2026, the 100,000 t/a phosphorus chemical production line operated by Shaanxi Hengrun officially entered the trial production.
- On 11 March, 2026, the EI report for the 300,000 t/a phosphoric acid concentration capacity upgrading project of Phosphate Group was accepted and publicized.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.9236, sourced from the People's Bank of China on 2 March, 2026. All the prices mentioned will include the VAT, unless otherwise specified.
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Market Dynamicas
- Yellow phosphorus price rises in March 2026
- MAP and DAP prices hold high in March 2026
Company Dynamics
- Yellow phosphorus plant dynamics
- Baokang Chufeng relocation and technical renovation project resumes construction
- CJN reallocates funds to Egypt phosphorus chemical project
- EI report of Dazhou Wengfu's phosphate facilities flexible renovation project to be approved
- Hunan Hengguang launches trial production of 100,000 t/a phosphorus chemical line
- Yunnan Anhaicheng's 500,000 t/a modified phosphogypsum production project (Phase I)
- Guizhou Yuneng's 300,000 t/a hemihydrate wet-process phosphoric acid project
- EI report of Guizhou Wenfu's 100,000 t/a thermal PA project publicised
- EI report of Yunnan Shanshi's 100,000 t/a phosphate ore powder project pending approval
- Shengwei Kaiyang's 150,000 t/a MDCP reconstruction project
- Guizhou Yuneng's 150,000 t/a iron phosphate production line project accepted
- Hubei Yihua releases 2025 annual performance brief
- Yichang Yonfer's 100,000 t/a agricultural-grade MAP reconstruction project
- EI report of Hebei Xinronghong's 72,000t/a high-end phosphate project pending approval
Political Factors
- China's ecological environment code released
Technology
- Sinochem Yunlong's 200,000 t/a phosphoric acid plant HSE upgrade project
- EI report of Phosphate Group's 300,000 t/a phosphoric acid project accepted
Market Data Analysis
- PA prices rise in March 2026
Import and Export
- International trade of phosphate chemicals in Jan.–Feb. 2026
Price Update
- Price monitoring of phosphate chemicals in March 2026

