Editor's Note
In April 2026, driven by high phosphate rock prices and supply tightening due to plant maintenance, yellow phosphorus price trended upward overall. Supported by high costs and tight spot availability, MAP and DAP prices remained high in a stalemate.
March project developments
- On 3 April, 2026, Xingfa Group released its 2025 annual report, with total profit reaching USD316.07 million (RMB2.17 billion), up 3.90% YoY.
- On 3 April, 2026, the EI report for Guizhou Shengyang's 1.5 million t/a phosphate concentrate filter press unit project was accepted.
- On 9 April, 2026, Guizhou Chanhen released its 2025 annual report, showing growth in both revenue and net profit.
- On 9 April, 2026, the EI report for Three Circles-Sinofert's industrial-grade MAP production line upgrade project was accepted.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.9025, sourced from the People's Bank of China on 1 April, 2026. All the prices mentioned will include the VAT, unless otherwise specified.
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Market Dynamicas
- Yellow phosphorus price rises in April 2026
- MAP and DAP prices hold high in April 2026
Company Dynamics
- Yellow phosphorus plant dynamics
- Yunnan Yuntianhua's 2025 revenue and net profit drop YoY
- Xingfa Group's 2025 revenue up 3.2% YoY
- Guizhou Sierte's phosphorus‑fluorine industrial park project
- Guizhou Chanhen sees growth in revenue and net profit in 2025
- Hubei Xinxiangyun signs phase II phosphorus-based new material project
- SD Lomon's subsidiary to invest USD17.39 million in phosphate mine expansion
- Kailin Fine Phosphorus's new wet-process phosphoric acid purification project
- Guiyang Kailin wet-process phosphoric acid upgrade project completes hoisting work
- Yunnan Tianan's 3 million t/a harmless phosphogypsum dewatering and buffer storage project
- EI report of Guizhou Shengyang's phosphate concentrate filter press unit project accepted
- Songzi Stanley Yihua plans one million t/a phosphogypsum-to-sulphuric acid project
- Sunward Kaiyang plans P2O5 wet-process phosphoric acid revamping project
- Sichuan Shangzhou's modern phosphorus chemical industry project
- CJN's Q1 2026 net profit plunges YoY
Political Factors
- Hubei releases technical guidelines for air environmental performance grading in key industries
Technology
- Three Circles-Sinofert's industrial-grade MAP production line upgrade project
Market Data Analysis
- PA prices rise in April 2026
Import and Export
- International trade of phosphate chemicals in March 2026
Price Update
- Price monitoring of phosphate chemicals in April 2026

