In February 2026, due to the increase in raw material prices and the influence of international policies, the price of yellow phosphorus showed an upward trend. Supported by elevated feedstock costs against a backdrop of seasonally softer Spring Festival demand, MAP and DAP prices remained steady.
February project developments
- On 24 February, 2026, the EI report of 100,000 t/a feed grade MDCP project of Chifeng Runbang Animal Nutrition Technology Co., Ltd. was proposed for approval.
- On 12 February, 2026, Yunnan Xuanwei Phosphorus Power Co., Ltd.'s 20,000 t/a phosphorus sludge comprehensive utilisation project passed environmental acceptance check.
- On 9 February, 2026, the EI report of the 100,000 t/a KH2PO4 expansion project of Hubei Yihua Precision Phosphorus Technology Co., Ltd. was released for public opinion.
- On 2 February, 2026, the EI report for Ningguo Long Day Chemical Co., Ltd.'s integrated phosphorus-series products relocation and revamp project (re-submission) was made public.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.9695 on 2 February, 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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