Summary:
H2 2025 China’s phosphate fertilizer market maintained high prices amid tight supply (falling operating rates) and cautious downstream demand. Policy/cost pressures drove upgrades, with key firms advancing expansions, relocations and JVs to boost capacity and product mix.
H2 2025 China Phosphate Fertilizer Market Watch — Trend Summary
Price Trajectory
- MAP/DAP prices remained elevated, hitting a November peak.
- December—despite the traditional off-season—rose counter-seasonally.
Market Structure: “Ice & Fire”
- Supply tightness: Operating rates kept falling; some plants cut runs or entered maintenance under cost pressure, tightening spot availability.
- Demand softness: Downstream compound-fertilizer producers stayed cautious, broadly adopting buy-as-needed procurement.
Core Drivers: Costs & Policy
(a) Raw-material cost pressure
- Persistently high sulfur and phosphate ore prices plus volatile synthetic ammonia squeezed margins.
For ex-factory prices, historical swings, multi-angle comparisons, and clean trend charts, see the Phosphorus Price Monitoring Price of Phosphorus ore(Phosphorus ore) | CCM (all visuals included).
(b) Targeted policy calibration
- Export control tightened (2025): Traditional export quotas removed with strict category control.
- Supply-guarantee mechanism (from Nov): A closed loop of “domestic supply share → export quota → excess profit”; export eligibility requires completing domestic supply obligations.
Structural Shifts: Accelerated Upgrade
(a) Product mix upmarket
- Industrial-grade MAP outperformed on booming NEV battery demand, pricing well above ag-grade. Water-soluble and controlled-release fertilizers gained share while conventional phosphates edged down.
(b) Deeper value-chain integration
- Leaders tightened upstream control—e.g., Xingfa Group launched a ~RMB 20-billion phosphate-chemicals base. Yuntianhua reached ~85% ore self-sufficiency. Majors also expanded in Southeast Asia and Africa, achieving export price premia.
Track data-rich supply-chain dynamics and forward-looking analysis in the Phosphorus Industry China Monthly Report(Phosphorus Industry China Monthly Report 202511) | CCM.
Key Corporate Developments (Nov 2025)
Hubei Xingfa Chemicals Group (Nov 20) — Installation & commissioning completed; trial-ready. Location: Wanli Area, Yuan’an Chemical Park (Yichang, Hubei). Investment: USD 21.75m (RMB 154.15m), incl. USD 0.28m (RMB 2m) for environmental protection. Scope: new automated continuous carbonation tower, facility upgrades/new equipment. At full run: +20,000 t/a sodium hypophosphite (total 40,000 t/a), 15,000 t/a flame retardants (total 30,000 t/a), 12,000 t/a feed calcium (total 24,000 t/a), 5,496 t/a of 85% industrial phosphoric acid (total 10,992 t/a).
Zhejiang Shengtaiyuan New Materials (Nov 3) — EIA accepted for 30,000 t/a crystalline reactive TCP in Quzhou (six 5,000 t/a lines). Site: Block B-07-04, Liangxin Industrial Park, Jiangshan Economic Development Zone; 3.73 ha. Investment: USD 44.48m (RMB 315.19m), env. USD 0.45m (RMB 3.22m). Full-capacity targets: sales USD 61.38m (RMB 435m), profit USD 7.54m (RMB 53.4m), tax USD 3.25m (RMB 23m). Construction: Oct 2025–Sep 2027.
Clariant (early Nov) — Strengthened halogen-free FR business. (1) Huizhou Phase II: launch of 10,000 t/a ADP (aluminum diethylphosphinate) expansion to serve Asia/global demand, esp. e-mobility. Strategic JV with Sichuan Leshan Fuhua Tongda in Fuhua New Material Integrated Industrial Park to co-develop next-gen halogen-free FRs for building materials, EVs, new energy, electronics.
Yichang Yonfer Phosphating Technology (Nov 17) — EIA accepted for 200,000 t/a powdered MAP relocation in Zone C, Yaojia Port Chemical Park (Yichang). Area: 919,938.5 m²; Investment: USD 112.89m (RMB 800m). Builds: powdered MAP unit, solid/liquid storage & logistics, waste-treatment/environmental facilities; other utilities shared with existing phosphorus-based new-materials complex.
Standout Companies by Evaluation Dimension
Comprehensive Leaders
Yunnan Yuntianhua Co., Ltd.
Guizhou Phosphorization Group
Hubei Xingfa Chemicals Group Co., Ltd.
Yonfer Agricultural Technology Co., Ltd.
Resource-Reserve Leaders
Guizhou Phosphorization Group
Yunnan Yuntianhua Co., Ltd.
Hubei Xingfa Chemicals Group Co., Ltd.
Sichuan Chuanheng Co., Ltd.
Hubei Yihua Chemical Industry Co., Ltd.
Net-Profit Scale Leaders
Yunnan Yuntianhua Co., Ltd.
Hubei Xingfa Chemicals Group Co., Ltd.
Hubei Yihua Chemical Industry Co., Ltd.
Technology-Innovation Leaders
Hubei Xingfa Chemicals Group Co., Ltd.
Guizhou Phosphorization Group
Jiangsu Chengxing Phosph-Chemicals Co., Ltd.
For company-level dashboards—profitability, operating rates, market share, YoY growth, and peer comparisons—refer to the Phosphorus Industry China Monthly Report(Phosphorus Industry China Monthly Report 202511) | CCM (visualized, up-to-date, and comparable).
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