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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