The price of phosphate ammonium products (regular common varieties) will be announced on August 19, 2025.
· 64% diammonium phosphate: East China region (first arrival point), 3,950 yuan/ton
· 57% diammonium phosphate: North China region (first arrival point), 3,600 yuan/ton
· 55% granular ammonium nitrate: Central China region (ex-factory), 3,350 yuan/ton
· 58% granular ammonium nitrate: East China region (ex-factory), 3,650 yuan/ton
· 60% granular ammonium nitrate: Southwestern China (factory price), 3,850 yuan/ton
Latest Gossip out of China
“The third batch of quotas, totaling 700,000 to 750,000 tons, will mainly be allocated to enterprises in Northwest China.
Some factories have already received the news. India allowed (received this morning)”
As of August 20, 2025, the total inventory of Chinese urea enterprises stood at 1,023,900 tons, an increase of 66,500 tons from the previous week, representing a month-over-month increase of 6.95%. During this period, domestic urea prices fluctuated moderately due to weakening domestic demand and a lack of market confidence, which temporarily prevented some urea enterprises from maintaining a balance between production and sales. Although a few urea enterprises managed to reduce their inventory levels thanks to export orders and scheduled maintenance, the overall inventory levels of these enterprises continued to rise. The provinces with increased enterprise inventory included Gansu, Guizhou, Hainan, Heilongjiang, Jiangsu, Inner Mongolia, Shaanxi, Xinjiang, and Yunnan. On the other hand, the provinces with decreased enterprise inventory included Anhui, Hebei, Henan, Hubei, Liaoning, Shandong, Shanxi, and Sichuan.
*China Fertilizer Export Volume Monthly Details (Super Enhanced Version)
Unit: 10,000 tons
(Compiled by Huachang Market Department)
|Product Name |July 2025|Annual Cumulative (Descending Order)*|
|———————————————————-|————-|—————————————-|
|Sulfuric acid calcium |220.49 |1,103.92 |
|Nitrogen-phosphorus binary compound fertilizer |73.15 |291.11 |
|Phosphoric acid calcium |98.43 |158.33 |
|Superphosphate with P₂O₅ content ≤35% |11.92 |149.60 |
|Fertilizer-grade ammonium chloride |17.42 |126.34 |
|Granular or pellet fertilizers ≤10kg per unit |20.19 |83.45 |
|Urea |56.72 |64.44 |
|Monocalcium phosphate |34.41 |60.09 |
|NPK ternary compound fertilizer |7.14 |52.05 |
|Nitrate calcium and calcium nitrate salts & mixtures |6.88 |44.59 |
|Other fertilizers under HS code 31059090 |4.61 |41.45 |
|Triple superphosphate |8.32 |38.41 |
|Superphosphate (excluding triple) with P₂O₅ ≥35% |3.40 |23.00 |
|Other mineral nitrogen and chemical nitrogen fertilizers |0.52 |9.18 |
|Nitrogen |2.55 |8.62 |
|Fertilizer-grade potassium nitrate |1.31 |7.86 |
|Organic-inorganic mixed fertilizers |0.80 |6.70 |
|Phosphate rock (unground) |1.06 |5.17 |
|Potassium nitrate |0.91 |4.14 |
|Chemically processed animal fertilizers |0.55 |3.55 |
|Calcium nitrate, whether or not in aqueous solution |0.38 |3.29 |
|Ammonium chloride |0.10 |2.61 |
|Urea-ammonium nitrate solution |1.83 |1.96 |
|Sulfuric acid calcium and calcium nitrate salts & mixtures|0.46 |1.54 |
|Potassium-phosphorus binary compound fertilizer |0.13 |1.54 |
|Unprocessed animal fertilizers |0.13 |1.39 |
|Potassium sulfate |0.03 |0.99 |
|Other mineral phosphate and chemical phosphate fertilizers|0.13 |0.85 |
|Nitric acid (calcium) phosphate fertilizer |0.05 |0.40 |
|Calcium cyanamide |0.01 |0.15 |
|Mixtures of calcium nitrate and sulfuric acid calcium |0.02 |0.07 |
|Carnallite, sylvinite and other natural crude potash salts|— |0.03 |
*China Fertilizer Industry Chain Morning Report 2025-8-20
❤Urea: Based on yesterday’s emotional rally and increased new order transactions from urea companies, today’s mainstream regional quotations will see varying degrees of upward adjustment. Post-increase transaction performance will depend on market sentiment, while downstream buyers remain cautiously following on an as-needed basis.
❤Synthetic Ammonia: Yesterday’s synthetic ammonia market operated mainly on a regional basis. Mainstream regional prices remain weak, with some areas showing improved supply-demand dynamics and low-end price rebounds. Overall market trading remains cautious, with factories primarily focused on shipments. Expected ammonia market to remain temporarily stable with signs of rebound in some regions.
❤Ammonium Sulfate: Yesterday’s ammonium sulfate market was stable with downward adjustments. Recent market supply-demand continues weak operation, with no new international demand support. Considering domestic military parade impacts, downstream manufacturers show low purchasing sentiment and poor acceptance of current pricing levels. Short-term ammonium sulfate market expected to continue weak decline.
❤Ammonium Chloride: Yesterday’s ammonium chloride market operated steadily, with companies mainly executing previous pending shipments. New order intake was moderate, downstream compound fertilizer factories purchased as needed, and supply-demand fundamentals showed little change. Short-term ammonium chloride market may maintain stable continuation.
❤Melamine: Yesterday’s domestic melamine market remained basically stable. Recent industry operating rates stayed low, various companies faced tight supply, strong price-supporting intentions, and raw material market expectations trending positive, providing certain positive market support. However, considering generally moderate demand, short-term market expected to operate with stable fluctuations, with overall price increases potentially limited.
❤Potash Fertilizer: Yesterday’s domestic potassium chloride market had limited overall supply sources, with some traders reporting slight price increases. However, high-price market transactions were limited, with imported 60% powder potash prices mostly at 3,000-3,300 yuan/ton, transactions negotiated individually. Potassium sulfate market trend remained subdued, with manufacturers continuing previous quotations but overall shipment conditions not active.
❤Phosphate Fertilizer: Yesterday’s domestic monoammonium phosphate market maintained quiet stable operation, with factories continuing to mainly execute pending shipments. Manufacturers had limited new order follow-through, prices showed no obvious changes, with Hubei 55% powder ex-factory around 3,400-3,420 yuan/ton, transactions maintained through actual negotiations. Downstream compound fertilizer just-in-time purchasing, urea trend rebound may provide psychological support, short-term trend consolidating. Yesterday’s domestic diammonium phosphate market remained in stalemate consolidation, companies actively executing pending orders, ex-factory prices mainly stable, with Hubei region 64% ex-factory price maintaining 3,800-3,850 yuan/ton through actual negotiations. Downstream maintained as-needed purchasing, market sentiment generally remained observational, short-term market maintaining consolidation operation.
❤Compound Fertilizer*: Yesterday’s domestic compound fertilizer market conditions changed little, with overall shipping pace still slow. Due to inactive restocking by downstream distributors, companies received limited new orders, facing some sales pressure. However, due to stabilizing cost fundamentals, compound fertilizer prices also made few adjustments, with compound fertilizers continuing consolidation trend in the short term.
Wang Cunxiang, Hongze Chemical Industry: Urine Fertilizer Price Surge Quick Review: 1. From August 18 to August 20, China's foreign minister will visit India, where discussions may include the removal of export restrictions on fertilizers, which has led to speculation in the market and resulted in a significant surge in urine fertilizer futures. 2. This foreign minister's visit to India also serves as a precursor to Indian Prime Minister Modi's attendance at the Shanghai Cooperation Organization (SCO) summit in Tianjin at the end of August. As a result, the market remains in a speculative phase, and there are still uncertainties regarding the exact amount of exports and whether a third allocation of quotas will be granted. Therefore, short positions should be avoided for the time being. 3. According to the last FGW meeting, nine participating enterprises were allowed to export up to 200,000 to 300,000 tons of urine fertilizer to India. This time, with India launching a new round of tenders, the quantity might increase. However, since the latest shipment deadline for India is October 30, and the domestic ban on exports is set to take effect on October 15, there is still a need for expedited cargo collection to meet the deadline (it was reportedly missed in the previous round). This could help improve the balance sheet for the months leading up to October. 4. On the domestic front, as the agricultural demand season is approaching its end, there will be commercial stockpiling activities in October and November. High prices might not be conducive to storage by the storage companies, and the export ban set to take effect after October 15, along with ongoing restrictions on factory-gate prices, may limit the upward pressure on domestic urine fertilizer prices.
MIS sold a 30,000 Mt granular urea through tender at $433/mt.
https://www.newsdrum.in/national/china-agrees-to-address-indias-concerns-over-supply-of-fertilisers-rare-earth-minerals-9675537
*china Fertilizer Industry Chain Morning Report 2025-8-19
❤ Phosphate Rock: The phosphate rock market maintains a weak supply-demand balance. In northern regions, some mines have suspended operations due to environmental inspections, with production cuts in Liaoning leading to tighter supply. On the phosphate fertilizer side, traders are purchasing as needed due to delayed autumn fertilizer preparation progress. Yellow phosphorus enterprises maintain a strong wait-and-see sentiment. New wet-process phosphoric acid production units provide support for high-grade ore demand. Short-term prices are expected to fluctuate within a narrow range, with attention needed on autumn fertilizer stocking pace and wet-process phosphoric acid capacity absorption.
❤ Urea: Yesterday’s domestic urea market showed decent trading activity. Influenced by news related to Indian tenders and exports, market trading atmosphere improved somewhat, with some factories increasing shipments. Factory quotations rose slightly supported by pending deliveries, but continued downstream follow-through needs monitoring. Short-term prices may remain temporarily stable.
❤ Synthetic Ammonia: Yesterday’s ammonium sulfate market operated steadily. With no new guidance from supply-demand dynamics, trading atmosphere was subdued, focusing mainly on essential purchases in the short term with cautious procurement sentiment. The ammonium sulfate market is expected to operate within a narrow range short-term.
❤ Ammonium Chloride: Yesterday’s ammonium chloride market maintained stability. Ammonium chloride companies continue to focus mainly on executing previous pending orders, with poor new order collection recently. Downstream compound fertilizer factories have limited acceptance, and traders mostly remain on the sidelines. The ammonium chloride market continues its weak-stable trend in the short term.
❤ Ammonium Sulfate: Yesterday’s ammonium sulfate market operated steadily. With no new guidance from supply-demand dynamics, trading atmosphere was subdued, focusing mainly on essential purchases in the short term with cautious procurement sentiment. The ammonium sulfate market is expected to operate within a narrow range short-term.
❤ Melamine: Yesterday’s domestic melamine market remained stable with exploratory increases. Although supply-side recovery is expected, current production rates maintain low-level fluctuations, and raw material prices have stopped falling and rebounded, providing some market support. Short-term market performance is expected to remain stable with fluctuations.
❤ Phosphate Fertilizer: Yesterday’s domestic monoammonium phosphate market maintained consolidation. Downstream demand was average with low restocking enthusiasm and limited new order follow-through. Combined with declining raw material sulfur prices, wait-and-see sentiment intensified, though pending deliveries still provide support, with consolidation expected short-term. Yesterday’s domestic diammonium phosphate market operated quietly and stably. Demand-side performance remained consistently weak, with downstream operations mostly cautious and limited new order follow-through. Market wait-and-see sentiment appeared somewhat strong, with the market continuing weak consolidation in the short term.
❤ Potash Fertilizer: The overall potash fertilizer market supply remains relatively low, with July imports not even reaching 600,000 tons, hitting the lowest import level in recent years. Domestic potassium sulfate manufacturers maintain low operating rates, with Mannheim potassium sulfate 52% powder ex-factory prices mostly at 3,850-4,000 yuan/ton, with transactions negotiated individually.
❤ Compound Fertilizer*: Yesterday’s domestic compound fertilizer market continued consolidation. Most wheat fertilizer shipments in North China remain in a slow release state. However, with upstream raw materials maintaining stable narrow fluctuations, companies have relatively low adjustment intentions. Short-term compound fertilizer market order shipments and price mainline are expected to remain stable with local narrow-range consolidation.
SSP Market: Stable with a Bearish Tilt
This week the SSP market faced a new benchmark: $194/t CFR for a floating 30,000t cargo of 19% that arrived in Itaqui. That single deal was enough to pull Brazil’s price range one step lower.
Prices:
SSP 19% CFR: $200–220/t (–$10 WoW; –$30 to –$45 vs. mid-July)
SSP 20% CFR: $248–250/t (unchanged)
Three key insights:
1️⃣ Widening price gap: The spread between 20% and 19% grades is now ~$30–50. That makes blenders more focused on the economics per unit of P₂O₅. If discounted 19% cargoes keep flowing, formulations could shift toward them.
2️⃣ Potential supply build-up: The award of 35,000t Egyptian SSP (late August loading) is likely to reinforce the $200–220 floor in the short term—unless more floating sales below $200 appear.
3️⃣ Shift in seller behavior: The discounted floating sale shows some suppliers are willing to trade price risk for liquidity. Yet 20% remains resistant, holding its price line.
What does this mean for the market?
🔹 Producers: Margins are becoming more sensitive to rock/acid input costs and freight. Securing feedstock on floating-indexed terms looks smarter than fixing long-term at rigid prices.
🔹 Buyers: Unless sub-$200 deals repeat, $200–220 looks like the practical floor. Still, tracking floating sales is the key to spotting opportunities.
The global phosphate rock market in mid-August 2025 shows a multi-layered picture of supply pressure and shifting demand.
🔹 Egypt
Prices for 30% P₂O₅ rock from Red Sea ports have slipped to $90–98/t FOB, under pressure from Jordan and Syria competing for Indian demand.
From Damietta, however, the story is different: rising trucking costs, fueled by a stronger Egyptian pound, have lifted prices to around $117/t FOB.
29% P₂O₅ rock is offered as low as $90 FOB.
In India’s latest RCF tender (two 35,000t lots to Mumbai), all offers were Egyptian in the $112–118.95 CFR range.
🔹 Algeria
After a two-year break, exports to Malaysia resumed (13,000t in H1 2025).
Prices remain stable at $98–115/t FOB.
🔹 Southeast Asia: the new demand hub
Malaysia:
Imports in Jan–Jun totaled 222,000t (+68% y/y).
Egypt led with 90,900t (+70% y/y).
Australia (72,200t) and Peru (37,300t) also gained share.
Spot prices: $85–88/t CFR for 26–27% P₂O₅ rock.
Freight for 40–50,000t bulk vessel Egypt → SE Asia: $27–28/t.
Indonesia:
Imports Jan–Jun: 805,500t (+3% y/y).
Egypt nearly tripled its share to 262,100t, diverting supply from China.
Jordan still leads with 511,800t (–16% y/y).
Vietnam:
Estimated imports Jan–Jul: 180–200,000t (mostly via traders).
Prices for 27–28% P₂O₅ rock: mid-high $80s/t CFR.
One 35,000t Egyptian vessel scheduled for Sept.
Demand for new spot cargoes likely to slow through year-end.
🔹 India
RCF tender closed 8 Aug (two 35,000t cargoes for Mumbai):
Offers: $112–118.95 CFR (all Egyptian).
Bidders included Adani Global, Midgulf, TLI, Agrifields, Sun International.
Netbacks to Egypt: $90–98/t FOB.
🔹 China
26–27% P₂O₅ rock edged higher in Aug to $85–88/t CFR (from $80–85 in July).
🔹 Jordan
Market talk suggests 30% P₂O₅ rock has fallen to the low $90s FOB Aqaba, though JPMC has not confirmed.
Dear Sir/Madam,
Referring to the below email please be informed our current sales conditions for Prilled Urea are as follows:
Please be noted the cargo will be sold to the first companies who confirms offered sales conditions as below:
Offer for FOB
-Price: 460 $/MT FOB Bandar Abbas, Iran (including THC+ one BLC + one EPL)
-Quantity: 1000 Mt (the exact quantity that we can supply will be announced to you after your confirmation on this initial offer and based on our availability)
-Validity: 19 August 2025 before 10:00 A.M Tehran time (only in case of not being sold out)
-Final destination: India/ Malaysia/ Sri-Lanka (please specify)
-Payment: 20% cash in advance within 3 working days after our agent's PI issuance date and 80% before loading (to our agent's bank account)
-Delivery date: the second half of August 2025 (may be extended if you confirm this offer later than other customers and your loading shall start only after we deliver our previous sales and commitments to our customers based on the date of PI issuance)
-Packaging: 50 kg
-Bag marking: TG marking/ Prilled Urea marking / KHPC marking (please specify)
-Specification: KHPC standard specification
-Partial shipment: Allowed in parts of 500 MT each
-we can stuff max. 21.5 MT in 20ft containers. If you are planning to book 40ft containers for the shipment of this order please be noted we can do the stuffing of 26.5 MT in each 40ft containers. In order to be able to stuff up to 27.5 MT you should take all the responsibility and do necessary arrangements with your shipping agent in order to provide you with the suitable containers with higher payload.
Offer for Urea without UF:
-Price: 475 $/MT FOB Bandar Abbas, Iran (including THC+ one BLC+ one EPL)
-Quantity: 500 Mt
-Validity: 19 August 2025 before 10:00 A.M Tehran time (only in case of not being sold out)
-Final destination: please specify
-Payment: 20% cash in advance within 3 working days after our agent's PI issuance date and 80% before loading (to our agent's bank account)
-Delivery date: the 2nd half of August and the 1st half of September 2025
-Packaging: 1000 kg big bag
-Bag marking: technical Grade bag marking including production date
-Specification: KHPC prilled Urea without Formaldehyde (the attached specification)
-Partial shipment: not Allowed
-Buyer accepts and takes all the responsibilities of the product's lumping/caking by confirming this offer.
We look forward to hearing from you.
Best regards
KHPC
Dear Sir/Madam,
Pardis Petrochemical Company (PPC) is pleased to submit a proposal for a 30-60 KMT ± 10% in bulk Urea cargo with the below terms :
Product: Granular Urea-Fertilizer in Bulk.
Quantity: 30-60 KMT ± 10% MT in bulk Urea cargo buyer's option(In one lot) .
Shipment Window: Full of August, 2025 .(To be mutually agreed)
Destination Market: To be declared by the buyer.
Quality: As per the attached PPC's specification
Delivery term: FOB
Load Port: Assaluyeh, Iran
PRICE: Minimum price is 435 USD/MT FIXED PRICE FOB Assaluyeh, The result of the auction will be awarded to the highest price
Payments: 20% of total cargo value to be remitted within 5 working days after account nomination. Balance 80% shall be settled before the vessel's berthing at Assaluyeh, Iran.
Currency of Payment: AED/USD To be mutually agreed.
Exchange Rate: 3.6725 For USD/AED.
Laycan: To be mutually agreed in a 3-days spread window.
Loading Rate: 8000 MT PWWD TFHEX EIU.
Please send your confirmation till 14:00 Hrs IRST (UTC +3:30 hours) on Tuesday, 19August, 2025.
Customs data:
The July 2025 import and export figures are as follows:
In July, China imported 530,000 tons of potassium chloride; the cumulative import of potassium chloride from January to July was 6.81 million tons, a year-on-year decrease of 340,000 tons.
In July, China exported 570,000 tons of urea, 2.2 million tons of ammonium sulfate, 9.8 million tons of diammonium phosphate, and 3.4 million tons of monoammonium phosphate.
In addition, China imported 130,000 tons of ternary compound fertilizer in July.
Rumour in China “urea quota might be issued this week, with an estimated quantity of 700,000 to 1 million tons, and it might be allowed to be exported to India in whole or in part.”