In July 2026, yellow phosphorus prices declined overall, with the monthly average below the previous month. In the first half of the month, weak downstream demand and diminished cost support drove prices to hit new lows; in the second half, prices bottomed out and rebounded, supported by enterprises' reluctance to sell at low prices and moderate contraction of operating rates. For ammonium phosphate, geopolitical risks raised cost expectations, but weak demand suppressed upward price momentum, and MAP and DAP prices remained stable at high levels.
July corporate developments
- On 20 July, 2026, the EI report of Guizhou Kailin's 200,000 t/a PPA capacity expansion project passed acceptance check.
- On 17 July, 2026, Yonfer issued an announcement stating that the company and relevant personnel received a warning letter from the Hubei Securities Regulatory Bureau due to insufficient justification for revenue recognition.
- On 15 July, 2026, the completion environmental protection acceptance monitoring report of the waste PA disposal project of Hubei Fuxing was made public.
- On 8 July, 2026, the EI report for Anhui Sute's HMB-Ca, HMB-Fa and flame retardants project was accepted and publicized.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.8067 on 1 July, 2026, 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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