In October 2026, driven by concentrated production cuts and maintenance in key producing regions, rigid cost support, and post‑National Day restocking for essential needs, yellow phosphorus prices moved higher than in September. However, high prices met resistance in downstream pass‑through, and the market generally rose before retreating from highs. MAP prices held weak and steady, while DAP fluctuated with a soft bias—mainly because, although supply tightened on output cuts and producers shifted focus to winter stockpiling, demand stayed weak and trading thin as the autumn fertilizer season wound down.
October corporate developments
On 27 October, 2026, the pre-approval notice for the environmental impact (EI) report of Shijiazhuang Xinchi Technology Co., Ltd. (Xinchi Technology)'s 2,000 t/a tricalcium phosphate feed additive project was issued.
On 20 October, 2026, the EI report of Xinjiang Ainong Ecological Technology Co., Ltd. (Xinjiang Ainong)'s 30,000 t/a liquid nitrophosphate fertilizer project was proposed for approval.
On 14 October, 2026, the EI report for Anhui Xusen Flame Retardant New Materials Technology Co., Ltd. (Anhui Xusen)'s 30,000 t/a phosphorus-nitrogen halogen-free flame retardant project was released for public opinion.
On 8 October, 2026, the completion environmental protection acceptance monitoring report for Hubei Ezhong Ecological Agricultural Technology Co., Ltd. (Hubei Ezhong)'s 100,000 t/a macronutrient water-soluble fertilizer project was made public.
The USD/RMB exchange rate used in this issue of the briefing is based on data from 8 October, 2026, at USD1 = RMB6.7367, sourced from the People's Bank of China. Unless otherwise specified, all prices mentioned in this briefing include VAT.
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