In September 2026, the yellow phosphorus market followed a pattern of downward pressure in the first half of the month, followed by tight spot supply and successive price hikes in the second half, with overall prices edging slightly lower MoM. MAP trended generally weak, declining mid‑month before stabilizing weakly late in the month, while DAP consolidated on a weak but steadier note, showing relative resilience. Both were weighed down by weakening cost support and sluggish autumn fertilizer demand.
September corporate developments
On 21 September, 2026, the completion environmental protection acceptance report for Guizhou Fuquan Chuandong Chemical Co., Ltd.'s 400,000 t/a phosphorus ore powder balling comprehensive utilization project was publicized.
On 20 September, 2026, Hubei Yihua Chemical Industry Co., Ltd. issued an announcement regarding the investment in a 150,000 t/a FePO4 construction project.
On 10 September, 2026, the EI report for Hubei Hemu Chemical Co., Ltd.'s 60,000 t/a thermal-process PA waste heat comprehensive utilization project was approved.
On 1 September, 2026, Shenzhen Batian Ecotypic Engineering Co., Ltd. announced that its wholly owned subsidiary had obtained the Work Safety License for the Xiaogaozhai Phosphate Mine in Guizhou Province.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.7809 on 1 September, 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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