This image shows a report on Chinese urea enterprise inventory statistics. Here’s the translation:
*Title: [Inventory] China Urea Enterprise Inventory Weekly Data Statistics (20250709)
Publication Info:
– Published: 2025-07-09 14:00
– Source: Longzhong Information, Editor: Guo Qianghua
Main Text:
On July 9, 2025, China’s urea enterprise total inventory was 96.17 million tons, down 5.08 million tons from last week, a decrease of 4.99%. This week’s inventory within urea enterprises continued to decline. Some urea factories continued to fulfill previous export orders. Domestic industrial demand remained sluggish, while agricultural market demand was being pushed ahead. Urea factory shipments were relatively smooth, and inventory continued to decline. Among the provinces with increased inventory: Hebei, Henan, Heilongjiang, Qinghai, Xinjiang; provinces with decreased inventory: Anhui, Hainan, Hubei, Jiangxi, Inner Mongolia, Shandong, Shaanxi, Sichuan, Yunnan, Chongqing.
Chart Title:
2023-2025 China Urea Enterprise Inventory Trend Comparison (10,000 tons)
Legend:
– Light blue line: 2023
– Dark blue line: 2024
– Red line: 2025
X-axis: Months (January through December)
Y-axis:* Inventory levels (in 10,000 tons, ranging from 0 to 200)
The chart shows seasonal inventory patterns across the three years, with 2025 (red line) showing notably higher inventory levels in the first half of the year compared to 2023 and 2024.
China Fertilizer Industry Chain Morning Brief 2025-7-9*
❤Urea: Last night’s Indian tender prices were quite favorable, which may boost spot market sentiment in the short term. However, based on domestic urea fundamentals, downstream buyers will mostly purchase as needed. Market continuation depends on export developments, maintaining a temporarily stable to slightly strong trend.
❤Synthetic Ammonia: The synthetic ammonia market remained mostly stable yesterday with mixed regional price movements. Market sentiment diverged between north and south, with manufacturers making flexible minor adjustments based on their own shipment conditions. Northern markets have generally shifted downward recently, while southern markets continue weak operations. With supply showing growth trends and weak demand, synthetic ammonia markets are expected to have further downside potential in the short term.
❤Ammonium Sulfate: Yesterday’s domestic ammonium sulfate market saw narrow fluctuations, with some tender prices rationally adjusted downward. Users mainly restocked as needed. Last night’s Indian tender round showed ideal pricing, boosting industry sentiment. Focus remains on today’s market tender conditions.
❤Ammonium Chloride: Yesterday’s ammonium chloride market remained stable. Ammonium chloride enterprises maintained steady shipments with slightly declining inventory. Downstream manufacturers restocked moderately at low levels but resisted high prices. With increased supply expectations and unreleased demand, the ammonium chloride market is likely to continue its stable trend in coming days.
❤Melamine: Yesterday’s domestic melamine market continued its weak trend. Manufacturers focused on active shipments, but downstream demand remained lackluster with poor market trading atmosphere. Supported by cost pressures, prices fluctuated slightly in the short term. Future developments require attention to enterprise shipment conditions and raw material price changes.
❤Potash Fertilizer: Domestic potassium chloride market sources remain tight, even reaching a state where goods are hard to find. Laos white potash port prices are mostly at 3,280-3,300 yuan/ton, with actual transactions mainly negotiated case-by-case. Potassium sulfate manufacturers have relatively limited production, and with high quoted prices, new order transactions are not active, with factories still in an inverted state.
❤Phosphate Fertilizer: Yesterday, the domestic monoammonium phosphate market maintained stable operations. Hubei 55% powder mainstream ex-factory prices were around 3,380 yuan/ton, with actual transactions remaining under negotiation. Production enterprises have sufficient pending orders with firm prices, with some temporarily suspending order acceptance. Traders showed slight follow-up inquiries, but low-priced sources are hard to find. Downstream compound fertilizer factories purchase raw materials as needed. Overall, short-term consolidation and wait-and-see attitude maintained. Yesterday’s domestic diammonium phosphate market continued its consolidation trend, with enterprise ex-factory prices remaining mainly stable. Market trading atmosphere continued to be lackluster, with downstream maintaining cautious wait-and-see attitudes, only maintaining minimal as-needed purchases. Actual transaction volume was limited, with markets maintaining a stalemate observation period in the short term.
❤Compound Fertilizer: Yesterday’s domestic compound fertilizer market showed little volatility. Focus remains on recent autumn blend pricing announcements. Due to mainly fluctuating raw material prices recently, compound fertilizer costs are under consolidation. Based on this, quotations are limited, mostly focusing on policy pre-sales. Downstream distributors maintain wait-and-see attitudes, with compound fertilizers continuing consolidation trends in the short term.
❤Water-Soluble Fertilizer*: Yesterday’s domestic water-soluble fertilizer market saw small-batch restocking. Enterprise quotations stabilized, with potential room for market negotiations. Enterprise capacity utilization remained low, with downstream demand mainly from local rigid needs. Short-term water-soluble fertilizer markets are expected to remain weak.
ICE canola futures rebounded on Tuesday from sharp losses on Monday, picking up strength from other vegoils.
• November canola settled up $7.30 at $704.10 per metric ton. Other new crop contracts rose a similar amount or slightly more.
• Significant rains over the weekend and forecasts for more hit the market on Monday, but the underlying situation of lingering drought means yields are far from assured. The market will be trading one rain to the next, traders said.
• Chicago Board of Trade soyoil futures rose 0.26%.
• Euronext August rapeseed futures rose 0.48%.
• Malaysian palm oil futures rose 1.87% on Tuesday on strength in Dalian palm oil and Chicago soyoil, plus weakness in the ringgit. POI/
• The Canadian dollar strengthened slightly but stayed near eight-day lows on the recent trade threats from U.S. President Donald Trump.
https://www.iranintl.com/en/202507081358
LONDON (ICIS)—In India, the lowest offer in the RCF urea tender is from Comet Trading at 494 CFR for the west coast and from Samsung at 495 CFR for the east coast.
Fertilizer Industry Chain Morning Report 2025-7-8*
❤Sulfur: Yesterday, the domestic port spot market maintained stable consolidation, with price reference range of 2,280-2,290 yuan/ton, and mainstream reference prices remaining flat compared to the previous trading day. In the current market atmosphere, traders are generally in a wait-and-see state, with most waiting for directional news releases, showing hesitant attitudes toward spot trading, resulting in low market activity. In the afternoon, a terminal procurement tender boosted market sentiment, with reported transaction volume around 9,000 tons. Focus on today’s routine price adjustments for domestic resources and guidance from major refinery sales tender results.
❤Urea: Short-term Indian tenders may boost domestic urea market sentiment, but based on current manufacturer production and sales conditions, prices will likely first show loosening and decline, then depend on subsequent substantial support combined with sentiment for periodic market movements.
❤Synthetic Ammonia: Yesterday, synthetic ammonia market prices continued the widespread decline trend. Ammonia supply and demand remain weak, with high temperatures causing ammonia companies to maintain low inventory operations, focusing mainly on active deal-making. Recent overall demand has shown no significant improvement, expecting the synthetic ammonia market to maintain weak-stable conditions.
❤Ammonium Chloride: Yesterday, ammonium chloride market trading atmosphere was moderate, with ammonium chloride companies showing acceptable shipments. Downstream manufacturers mainly engaged in moderate low-level restocking, but high-level transaction resistance was significant. Short-term demand has not increased, and with some previously shut-down facilities about to resume production, supply expectations are increasing, so the ammonium chloride market may maintain low-level stable operation.
❤Ammonium Sulfate: Yesterday, the domestic ammonium sulfate market remained stable and watchful. Shandong caprolactam-grade ammonium sulfate continued to fall from high levels, with actual transactions leaning toward the lower end. Indian tender prices are about to be announced, with traders showing heavy wait-and-see sentiment. The market still has some support, expecting short-term market to be mainly weak and volatile.
❤Melamine: Yesterday, the domestic melamine market declined slightly. The current market lacks solid support, with supply-demand contradictions continuing to intensify. However, based on cost pressures, most companies are reluctant to lower prices, though a few companies may slightly reduce quotes due to sales pressure.
❤Phosphate Fertilizer: Yesterday, the domestic monoammonium phosphate market continued stable consolidation with no price changes, and transactions remained based on actual negotiations. Downstream autumn fertilizer policies are gradually being introduced, with raw material purchases based on demand. Demand performance is lukewarm, but MAP factories still have pending order support, so the market will maintain stable and watchful operation in the short term. Yesterday, the domestic diammonium phosphate market maintained consolidation and observation, with no obvious price fluctuations. Hubei region 64% ex-factory prices maintained at 3,800-3,850 yuan/ton, with actual orders maintaining negotiations. Downstream maintained only small demand-based purchases, market trading atmosphere was relatively light, with short-term demand unlikely to see positive stimulus, and the market continuing consolidation trends.
❤Potash Fertilizer: Yesterday, domestic potash fertilizer market quotes remained high, with traders having insufficient available inventory for sale. Imported 62% white potash quotes were mostly at 3,400-3,500 yuan/ton, with actual transaction prices subject to individual negotiation and limited tradeable volumes. Potassium sulfate manufacturers followed with higher quotes, but transactions were limited at high price levels.
❤Compound Fertilizer*: Yesterday, the domestic compound fertilizer market continued narrow-range consolidation. Some upstream raw materials ran stronger, maintaining cost support for compound fertilizer. Companies continued policy-based preferential advance payments for autumn fertilizer, with some planning to hold ordering meetings. Dealers remained mostly watchful, with some operating in batches. Short-term compound fertilizer market is expected to maintain stable operation with local improvements.
Morning. With price discovery awaited in India, but high values in Ethiopia, firmer tone set on urea to start the week – Aug AG traded $450 & Aug Nola phys $425. On Phos, Q3 DAP paper traded $723 (+$3 from last Weds).
AG
Jul $440//$455
Aug $445//$455 – traded $450
Sep $425//$440
Brazil
Jul $445//$465
Aug $450/$470
Sep $430//$450
Egypt
July $465//$485
Aug $450///$480
Sep $440//$480
MAP Brazil
Jul $747//$765
Aug $735//$755
Nola
Phys: Aug traded $425
Paper:
Jul $415//$425
Aug $418//$430
Sep $423//$433
Q4 $395//$415
Q1 $395//$415
UAN Nola
Aug $250//$290
Sep $250//$290
Oct $250//$300
DAP Nola
Jul $715//$725
Sep $710//$720
Q3 $720//$730 – traded $723
Q4 $660//$690
Q1 $650//$670
ICE canola futures fell more than 3% on Monday, as rain hit significant parts of Western Canada, with weakness in Chicago soyoil speeding the decline.
• November canola (RSX5) settled down $22.90 at $696.80 per metric ton. Other new crop contracts fell similar amounts. Despite the decline, canola prices are still higher than they have been for more than a year.
• Rain fell in some parts of Western Canada over the weekend, and many areas have forecasts for significant rainfall this week. Traders said canola will be in a twitchy weather market until at least late August.
• Despite rainfall in recent days, Western Canada remains in a multi-year dry cycle. Traders said crops are doing fine as long as they get some rain each week, but few crops can handle more than ten days without rain.
• Chicago Board of Trade soy oil futures (BOv1) fell 1.48% on a combination of forecasts for rainfall in large areas and the lack of a U.S.-China trade deal being announced or teased.
• Euronext August rapeseed futures (COMG5) fell 0.32%.
Chicago Board of Trade soybean futures ended lower on Monday on forecasts for beneficial U.S. crop weather and disappointment over trade disputes, traders said.
Favorable U.S. weather and expectations for a bumper harvest in Brazil have kept a lid on prices recently.
Analysts predicted that a U.S. Department of Agriculture report on Monday will rate 66% of the nation's soybean crop as good to excellent, unchanged from last week and the highest since 2020, according to a Reuters poll.
Futures also weakened after U.S. President Donald Trump did not announce a trade agreement with China, as some traders had expected before markets closed for the Independence Day holiday on Friday. China is the world's biggest soybean importer.
Grain trader Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data showed, marking the first such soymeal cargo since Beijing approved Argentine imports in 2019.
CBOT November soybeans (SX25) ended down 28-1/2 cents at $10.20-3/4 a bushel.
CBOT August soymeal (SMQ25) closed down $5.20 at $272.20 per short ton. August soyoil (BOQ25) finished down 0.61 cent at 53.94 cents per pound.
𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮’𝘀 𝗕𝗼𝗹𝗱 𝗠𝗼𝘃𝗲 𝗶𝗻 𝗣𝗵𝗼𝘀𝗽𝗵𝗮𝘁𝗲 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀
Australia’s phosphate sector is on the brink of a strategic transformation—driven by three landmark infrastructure initiatives that finally solve a long-standing logistics bottleneck in north-west Queensland:
1️⃣ 𝗣𝗥𝗟–𝗔𝘂𝗿𝗶𝘇𝗼𝗻 𝗥𝗮𝗶𝗹 𝗣𝗮𝗰𝘁
PRL Group has secured a commercial haulage agreement with Aurizon to kick-start its Ardmore mine (635 ktpa). Locked-in rail access removes the prohibitive costs that previously halted production.
2️⃣ 𝗥𝗮𝗶𝗹𝗣𝗵𝗼𝘀 𝗙𝗲𝗮𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 (𝗖𝗵𝗮𝘁𝗵𝗮𝗺 𝗥𝗼𝗰𝗸 𝗣𝗵𝗼𝘀𝗽𝗵𝗮𝘁𝗲)
A dedicated “RailPhos” line from Cloncurry to Karumba port would unlock up to 10 Mtpa of bulk phosphate exports. For the first time, mines like Korella North could ship rock directly—bypassing the 1,500 km detour via Townsville.
3️⃣ 𝗣𝗵𝗼𝘀𝗢𝗻𝗲 𝗦𝗹𝘂𝗿𝗿𝘆 𝗣𝗶𝗽𝗲𝗹𝗶𝗻𝗲
By repurposing the Century zinc corridor, a 304 km slurry pipeline can move 1 Mtpa of phosphate concentrate to Karumba at a fraction of traditional rail costs.
🔍 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀:
𝗖𝗼𝘀𝘁 & 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: Dramatically lower transport expenses per tonne.
𝗘𝘅𝗽𝗼𝗿𝘁 𝗚𝗿𝗼𝘄𝘁𝗵: Positions Australia (and NZ’s CRP) to supply Asia’s booming fertilizer markets.
𝗦𝘂𝗽𝗽𝗹𝘆 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆: Diversifies global phosphate sources beyond Morocco, Jordan and Egypt.
WATER-SOLUBLE FERTILIZERS
Potash prices are firming which is impacting NOP and SOP prices. DAP/MAP prices in the commoditised sector are also firm which is helping to keep tMAP prices stable to firm. Currency fluctuations are also supporting higher fob offers out of China in dollar terms.
NOP
China mainland
Offers for fertilizer grade have risen to as high as $710-723/t fob with industrial grades from one producer nearly $30/t higher ($750/t fob). One producer is offering industrial grade at $780/t fob. That said, one trader said it was still getting offers at $690-710/t fob for fertilizer grade material.
Prices are firming on a combination of rising MOP prices and fluctuation exchange rates.
The CIQ approvals process is now taking around 45 calendar days.
In the domestic market, prices for fertilizer-grade NOP have climbed to Yn4,450/t ex-works.
India
NOP is being offers from non-Chinese sources at $885-930/t cfr.
Malaysia
An offer of Chinese NOP was reported at $750/t cfr for fertilizer grade.
Northwest Europe
Offers have risen to €950-960/t wholesale.
Spain
Importers report NOP price offers up by €30-50/t.
Turkey
In the export market, previous NOP offers were around $900/t fob Aliaga in containers. This has risen to around $927-936/t fob.
Domestic NOP prices range $1,000-1,250/t cash/sight dependent on location and at $1,200-1,400/t with six months’ credit on an Antalya warehouse delivered basis.
TMAP
China mainland
Offers are reported at $1,000/t fob Tianjin port up to $1,050/t fob. This is Tianjin port but at ports closer to producers the price is still around $980/t fob.
Northwest Europe
Offers from one major producer have risen to €1,450-1,500/t wholesale. Importers think this reflects the large hike in phosphoric acid prices being faced by European producers.
Turkey
Prices in the local market have risen almost $100/t versus a month ago with Russian and Chinese product similarly priced.
Russia
Offers for tMAP are notional at $1,100/t fob Novorossysk.
Middle East
Chinese tMAP is on offer at $1087/t cfr in Jebel Ali, Dubai.
India
TMAP is being offered from non-Chinese sources at $1,125-1,150/t cfr India.
Water-soluble SOP
China
Offers are reported at $610-620/t fob in 9.5kg bags for water-soluble SOP.
The CIQ-approvals process for exports is around 15 days for water-soluble SOP.
Indonesia
One producer reports to be sold out for the next couple of months with asking prices notionally in the low-$600s/t fob Jakarta. Some small sales have been made at $645/t fob.
Northwest Europe
Water-soluble SOP prices are still generally pegged at €675-700/t fob bagged with €720/t fob perhaps achievable in smaller markets where larger sellers are not active.
Egypt
Water-soluble SOP from N-Fert is being offered at $620/t fob bagged.
CN
China mainland
Offers are around $180/t fob in container/break bulk at Tianjin port rising to $185-190/t fob in some areas. One trader cited lower nitric acid prices in China and with producer order books not full the larger manufacturers are still priced around $175/t fob.
MKP
Middle East
Offers of Chinese MPK have been reported at around $1,341/t cfr Jebel Ali, Dubai.
ethiopia bids though
Urea
ETG L1 on lot 12 at 486.26 sight basis Qatar, loading 15-20 July
ETG L1 on lot 22 at 496.32 LC sight basis China, loading 25-30 July
ETG L1 on lot 25 at 445.97 LC sight basis China, loading 5-10 Aug
DAP
Midgulf L1 on lot 27 at 784.79 LC sight basis China loading 15-20 July
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RCF urea participants :
01. Dreymoor
02. samsung
03. sabic
04. Indorama
05. MGI
06. Medallion
07. Fertiglobe
08. OQ Trading
09. Alkagesta
10. Quest
11. Comet Trading
12. Indagro SA
13. Continental
14. Ameropa
15. Keytrade
16. Aditya Birla
17. Macrosource
18. Agricom
19. Agrifields
20. Koch
21. Hexagon
Morning. Int'l paper quiet end of last week, but phys values edging higher in Egypt, Nigeria, and Indonesia, prior to tenders closing today in India and Ethiopia. Mkts framed:
AG
Jul $430//$450
_[Jul traded 435 last week]_
Aug $430//$445
_[Aug traded $435 l/w]_
Sep $420//$435
Brazil
Jul $440//$455
_[Jul traded $445 l/w]_
Aug $440/$450
_[ Aug traded $443-$445 l/w]_
Sep $430//$450
Egypt
July $460//$475
Aug $450///$470
Sep $440//$480
MAP Brazil
Jul $747//$765
Aug $735//$755
….
US paper mkts as of Weds COB
Nola
Jul $410//$415
Aug $412//$418
Sep $415//$425
Q3 $410//420
Q4 $390//$410
Q1 $390//$410
UAN Nola
Aug $250//$290
Sep $250//$290
Oct $250//$300
DAP Nola
Jul $715//$725
Sep $710//$720
Q3 $715//$730
Q4 $660//$690
Q1 $650//$670