Latest Market Price for Compound Fertilizers, Phosphate, and Potash in China 2025.07.08

Compound Fertilizers: Weak Market with Selective Price Cuts

The compound fertilizer market has shown stable-to-weak performance recently, with some manufacturers cutting prices by 30-50 yuan/ton to clear inventories. As the autumn fertilizer pre-sales season begins, most companies are adopting price-guaranteed interest-bearing policies to attract buyers. Current quotations include:

• 45% Chlorine-based compound fertilizer: 2,350-2,800 yuan/ton (Hebei, Henan)

• 42% Chlorine-based compound fertilizer: 2,450-2,600 yuan/ton

• 45% (15-15-15) Chlorine-based mainstream ex-factory price: 2,320-2,520 yuan/ton

• 45% (15-15-15) Sulfur-based mainstream price: 2,780-2,980 yuan/ton

• 40% (28-6-6) High-nitrogen chlorine-based fertilizer: 1,800-2,050 yuan/ton

Key Market Drivers:

• Raw material costs: Urea prices fluctuate while potash continues to rise, strengthening cost support.

• Demand remains cautious: Farmers are hesitant to stockpile, and major brands have yet to announce policies, leading small and medium-sized manufacturers to offer early quotations and shipments.

• Short-term outlook: Prices are expected to remain weak and stable, with possible regional adjustments. Market sentiment is wait-and-see, pending clearer signals from raw material trends and pre-sale policies.

Phosphate Fertilizers: Stable but Stagnant

Monoammonium Phosphate (MAP)

The market remains flat with limited trading activity as of July 7:

• Firms maintain stable quotes, with some adopting limited supply strategies.

• Buyers remain cautious, leading to slow new order intake.

• Raw materials: Sulfur prices have declined, but phosphorite remains high, keeping costs steady.

Regional Price References (55% powder):

• Anhui: 3,500-3,550 yuan/ton

• Shandong: 3,480-3,550 yuan/ton

• Hubei: 3,330-3,400 yuan/ton

• Yunnan: 3,200-3,250 yuan/ton

Outlook:

• Market remains in a stalemate, with limited new orders and gradual raw material procurement by compound fertilizer plants.

• Short-term forecast: Prices will likely hold steady with minor adjustments.

Diammonium Phosphate (DAP)

The market continues in a holding pattern:

• Domestic demand is weak, but export orders support production.

• Cost pressures persist due to high phosphorite prices, though sulfur has weakened.

• Buyers remain hesitant, leading to slow transactions.

Regional Price References (64% granules):

• Gansu: 3,900-3,950 yuan/ton

• Shandong: 4,000-4,100 yuan/ton

• Hubei: 3,800-3,850 yuan/ton

• Yunnan: 3,250-3,350 yuan/ton

Outlook:

• Market remains range-bound, with minimal price fluctuations expected in the near term.

Potash Fertilizers: Strong Rally Continues

Potassium Chloride (MOP)

Prices rose another 30-50 yuan/ton on July 7, driven by:

• Tight domestic supply: Low operating rates and delayed shipments.

• Strong international demand: Supporting overseas price hikes.

• Laos policy shock: The halt on Vientiane potash projects (July 1) triggered active trader inquiries, pushing Laos white potash prices up 50 yuan/ton to 3,250 yuan/ton.

Latest Prices:

• 62% White KCl: 3,400-3,450 yuan/ton (+30)

• 60% Granular KCl: 3,350-3,400 yuan/ton

• Port Laos white potash: 3,200-3,250 yuan/ton (+50-100)

Potassium Sulfate (SOP)

• Manheim 52% powder SOP: 3,900-4,000 yuan/ton (+50 at lower end).

• Strong demand keeps firm pricing pressure in place.

Outlook:

• Prices will stay elevated due to supply constraints and geopolitical factors.

• Further upside possible if Laos supply disruptions worsen.

Market Summary & Key Takeaways

What’s Next?

• Compound fertilizers: Watch for pre-sale policy clarity and urea trends.

• Phosphate: Stable but stagnant unless export demand surges.

• Potash: Further upside likely if Laos supply fears escalate.

Final Note:
The Laos potash ban could reshape global supply dynamics, making China’s potash import reliance (over 2/3 dependent) a critical issue. Investors should monitor policy shifts and alternative supply routes.