In Oct. 2025, the yellow phosphorus price declined, primarily driven by persistently high operating rates at production facilities and weaker-than-expected stockpiling demand, the market price of MAP showed a weak downward trend, while the market price of DAP remained stable.
Company dynamics of phosphorus chemicals in October
On 29 October 2025, Hubei Junyang Chemical Materials Co., Ltd.'s EI report for the 100,000 t/a refined phosphate salts project utilizing sodium pyrophosphate and ferric phosphate resources was published for intended approval by the Ecological Environment Bureau of Yichang City, Hubei Province.
On 24 October 2025, Hubei Yihua Chemical Industry Co., Ltd. disclosed a plan to issue convertible bonds to unspecified objects, intending to raise a total of no more than USD464.12 million (RMB3.30 billion).
On 14 October, 2025, Hubei Yihua Chemical Industry Co., Ltd. responded on the investor relations platform that Phase I of its Bangpu Yihua supporting raw materials and ferric phosphate (FePO4) project has been completed.
On 1 October, 2025, the Department of Industry and Information Technology of Yunnan Province issued the Implementation Plan for Promoting the Efficient and High-Value Utilization of Phosphorus Resources and the Transformation and Upgrading of the Phosphorus Industry in Yunnan Province (the Plan).
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1102 on 9 Oct., 2025, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
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