Here is the translation of the market price report for Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) dated January 8, 2026.
MAP and DAP Price Market Report: January 8
As of January 8, 2026 (Thursday), the market for Monoammonium Phosphate (MAP) is operating steadily. In Central China, the mainstream ex-factory price for 55% powdered MAP remains around 3,850 RMB/ton. Demand remains slow as downstream compound fertilizer companies maintain a cautious approach with low purchasing initiative. While raw material sulfur prices have strengthened, cost pressures remain high, and the market is largely in a "wait-and-see" mode due to expected policy adjustments.
Raw Material Market Updates
Sulfur:
Granular Sulfur (Port): Prices rose slightly to a range of 4,180–4,200 RMB/ton. Market sentiment was boosted by a Formosa Plastics tender reaching approximately $540/ton FOB, a $20 increase from the previous round.
Liquid Sulfur (Shandong): Prices continued to trend upward with refinery auction prices reaching 3,860–3,950 RMB/ton.
Synthetic Ammonia:
Hubei: Mainstream ex-factory prices are 2,120–2,210 RMB/ton; the market is stable with minor increases.
Shandong: Mainstream transactions are between 2,200–2,430 RMB/ton; supply is sufficient, but demand is limited to essential purchases.
Phosphate Rock: Prices remain stable.
Hubei: 28% grade at 980–1,000 RMB/ton; 30% grade at 1,100–1,120 RMB/ton.
Guizhou: 30% grade at 980–1,000 RMB/ton.
Monoammonium Phosphate (MAP) Price Reference
Regional Market Prices (Delivered/Ex-factory)
| Region | Grade | Price (RMB/ton) |
|—|—|—|
| Hubei | 55% Powder (Ex-factory) | 3,850 |
| Shandong | 55% Powder (Delivered) | 3,980–4,000 |
| Henan | 55% Powder (Delivered) | 3,950–4,000 |
| Sichuan | 55% Powder (Ex-factory) | 3,750 |
| Northeast | 55% Powder (Port Pickup) | 3,950–4,000 |
Industrial Grade MAP (73%)
The industrial MAP market is currently weak and stagnant, with mainstream prices averaging 6,550–6,600 RMB/ton.
Xinjiang: 6,950–7,100 RMB/ton (Warehouse exit).
Hubei/Sichuan/Guizhou: Approximately 6,500–6,700 RMB/ton (Ex-factory).
Diammonium Phosphate (DAP) Price Reference
The DAP market is operating steadily, though production costs remain high due to rising raw material prices. Most enterprises are focused on fulfilling existing orders and have not issued new price quotes.
Mainstream Market Prices (Warehouse Exit/Arrival)
| Region | Grade | Price (RMB/ton) |
|—|—|—|
| Shandong | 64% Granular | 4,400–4,550 |
| Hebei | 64% Granular | 4,400–4,550 |
| Hubei | 64% Mainstream (Ex-factory) | 4,100–4,150 |
| Heilongjiang | 64% (Arrival) | 4,500–4,650 |
| Xinjiang | 64% (Arrival) | 4,450–4,650 |
Key Enterprise Quotes (64% DAP)
Hubei Yihua: 4,150 RMB/ton (Ex-factory reference).
Shaanxi Huashan: 4,080–4,100 RMB/ton (60% grade ex-factory).
Multiple Hubei Plants (Xingfa, Xiangyun, etc.): Currently not providing public quotes; prices are negotiated per order.
Would you like me to create a comparison table between the current prices and those from a previous report?
Here is the translation of the market report dated January 8, 2026:
Potassium Chloride (MOP) Market Report – January 8
Market Overview
As of January 8, potassium chloride prices have not shown significant fluctuations. The supply of goods in market circulation remains continuously tight, and the volume of sellable stock held by traders is limited. Although downstream factories are purchasing only as needed in small quantities, the market remains in a state of tight supply. Consequently, market prices remain at high levels and are currently difficult to break through.
Price Reference
Domestic Potassium Chloride
60% Crystals: Mainstream arrival price is 3,100–3,200 RMB/ton (prices vary by region; transaction prices are negotiated individually).
57% Powder: Arrival price is around 2,980–3,000 RMB/ton.
Port Self-Pickup Prices (Imported)
62% White Potassium: Qingdao, Lianyungang, Yantai, Zhanjiang, and Zhenjiang: 3,150–3,450 RMB/ton (lower end reflects guidance prices with low availability).
Southern Ports: Higher prices around 3,500 RMB/ton.
Yingkou Port: 3,450–3,500 RMB/ton.
Large Granular Red Potassium:
Qingdao and Yantai: 3,300–3,380 RMB/ton.
Yingkou Port: 3,350–3,400 RMB/ton.
60% Lao White Potassium: Lianyungang and Weifang: 3,200–3,280 RMB/ton.
60% Red Powder: Fangchenggang and Zhanjiang: Approximately 3,230–3,300 RMB/ton.
Border Trade (Northeast)
62% Russian White Potassium: Delivery price at the port is 3,320–3,350 RMB/ton.
60% Large Granular: 3,220–3,250 RMB/ton.
Supply and Inventory
Port Inventory: Currently stands at approximately 2.429 million tons.
Import Trends: Recent arrivals of imported potash are not significant; overall port inventory remains low and highly concentrated, with limited releases.
Domestic Production: Small domestic plants are undergoing maintenance. Large-scale plants are operating steadily, though some are scheduled for maintenance in late January.
Potassium Sulfate (SOP) Market
The SOP market trend is relatively flat. Manufacturers have largely maintained previous price quotes, and resource-based SOP prices remain firm. However, Mannheim SOP is seeing inactive trading for new orders in some regions, with low-end prices trending slightly downward.
SDIC LuoPotash (52% Powder): Mainstream arrival price is around 3,680–3,700 RMB/ton.
Qinghai (50% Powder): Arrival price is 3,550–3,580 RMB/ton.
Mannheim SOP (52% Powder): Mainstream ex-factory price is 3,850–4,000 RMB/ton (some regions see 3,850–3,950 RMB/ton).
Mannheim SOP (50% Powder): Mainstream ex-factory price is 3,750–3,900 RMB/ton.
Northeast (50% Granular): Ex-factory price is 3,850–3,900 RMB/ton.
Market Outlook and Trends
Supply: Available supply remains limited. While major factories and importers are expected to release goods gradually, sellable stock in the market is still tight.
Demand: Downstream compound fertilizer plants are recovering their operating rates slowly. Due to high potash prices, these factories are cautious and purchasing only based on immediate production needs.
Summary: The market is currently in a "deadlock" or "wait-and-see" state due to tight supply but insufficient demand. In the short term, supply is unlikely to increase significantly, and prices are expected to remain at high levels.
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EU to suspend import tariffs on ammonia, urea
Market: Fertilizers
07/01/26
The EU is set to suspend standard import tariffs on ammonia and urea, in a move to offset extra costs imposed by the EU's carbon border adjustment mechanism (CBAM).
Trade and economic security commissioner Maros Sefcovic said the EU will "swiftly" implement the suspension for the remaining most-favoured nation tariffs, and may include other fertilizers.
Urea currently carries a 6.5pc standard tariff rate in the EU, applied to origins such as Russia, Turkmenistan, Azerbaijan and Nigeria. The standard ammonia tariff is 5.5pc, and this applies to Middle Eastern origins as well as the US. Key sources for both products — such as Egypt and Algeria for urea, and Algeria and Trinidad and Tobago for ammonia — are already exempt from tariffs.
The change comes after European agriculture ministers, including from France and Italy, raised alarms at a meeting with commissioners today about CBAM's financial impact on farmers.
CBAM, which took effect on 1 January, imposes a carbon cost for certain goods imported into the EU, including ammonia and all fertilizers containing nitrogen from countries that are not already subject to the EU emissions trading system (ETS) or a system fully linked to the EU ETS.
The EU previously suspended urea and ammonia import tariffs in 2022 for a period of six months.
By Aidan Hall and Claudia Wlk
broader markets:
urea: a bit firmer. India set a floor for Asia&Oceania markets and a fair bit of trade has since been done from SEA and the AG at $5-10/t higher than the Indian netback (latest deals c.$415-420 fob AG&SEA). Russia also benefitting from some early demand from the US, getting granular around $390 fob and prills at $360-70 fob. Venezuela situation has calmed down, we know already one trader fixed a fresh vessel on Tuesday morning to load for VZ-Mexico. Iran is making a bit more gas but still has most factories shut down. China still no meaningful exports and likely to remain that way until Q3. Europe is very quiet as you might expect given CBAM, huge amount of pre-Christmas imports. Egypt prices at $455 fob are a fiction imo, no one is buying. Nigerians are split – Dangote has done 6-7 cargoes for Ethiopia and is happy, Indorama is long for Jan still and allocating tonnage to its Brazil system unless a better netback comes along.
amsul: a little spicy. Brazil is paying around $180 cfr for granular but it's very low demand there for prompt, though we think 3-4 large cargoes have traded for Q3 shipment. Demand globally is low – Turks are asking $180 cfr with 180d credit which isn't attractive, probably nets $150 fob. Morocco and Nigeria have bought cargoes – about $193 cfr Morocco for a 30kt crystal cargo, and allegedly similar price for a granular cargo into Nigeria though this one is much murkier.
phosphate: pretty flat. sulphur is squeezing factory margins but the demand just isn't there to support an increase in DAP/MAP prices. as an example, Maaden extending massive credit and accepting pretty low netbacks on cargoes into Kenya/Tanzania to keep the ball rolling.
potash: sleepy time. SOP is up a bit because of sulphur – call it $580 fob Taiwan for granular (not sure what Tessenderlo is asking for deepsea but they got higher prices in Europe ~E615 fob for crystal). MOP is just moving sideways. the Belarusian de-sanctioning probably doesn't lead to a massive increase in supply as they were effective in their evasions, just a reallocation of destination.
A new statement from the European Commission dropped this morning on how they plan to manage CBAM price disruption.
On 17 December, the Commission had proposed a new Article 27a to the CBAM Regulation. This would allow CBAM goods to be temporarily removed from scope if their inclusion causes severe harm to the EU internal market due to serious and unforeseen price impacts. A few points matter for anyone trading, importing, or producing CBAM goods:
𝗙𝗶𝗿𝘀𝘁: 𝘁𝗵𝗶𝘀 𝗶𝘀 𝗻𝗼𝘁 𝗮 𝗿𝗼𝗹𝗹𝗯𝗮𝗰𝗸
CBAM remains intact. The scope is unchanged unless – and until – co-legislators adopt Article 27a. Even then, removal would be temporary and targeted.
𝗦𝗲𝗰𝗼𝗻𝗱: 𝘁𝗵𝗲 𝘁𝗿𝗶𝗴𝗴𝗲𝗿 𝗶𝘀 𝗽𝗿𝗶𝗰𝗲 𝘀𝗵𝗼𝗰𝗸, 𝗻𝗼𝘁 𝗹𝗼𝗯𝗯𝘆𝗶𝗻𝗴
The Commission would need evidence that CBAM itself is materially distorting prices under exceptional circumstances. This is a high bar.
𝗧𝗵𝗶𝗿𝗱: 𝗶𝘁 𝗰𝗮𝗻 𝗯𝗲 𝗿𝗲𝘁𝗿𝗼𝗮𝗰𝘁𝗶𝘃𝗲
If adopted, goods could be removed from CBAM scope from the moment the Commission considers the conditions to have been met – not from the date of the delegated act.
𝗙𝗼𝘂𝗿𝘁𝗵: 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲𝘀 𝗮𝗿𝗲𝗻’𝘁 𝘁𝗵𝗲 𝗶𝘀𝘀𝘂𝗲 𝘆𝗲𝘁
CBAM certificates can only be purchased from February 2027. So for 2026 imports, retroactive removal would not create certificate exposure. If this ever applies after certificates are in play, reimbursement would be required.
𝗧𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝗿 𝘀𝗶𝗴𝗻𝗮𝗹
This is the Commission acknowledging that CBAM is no longer theoretical. From 2026, it is a real price mechanism with macro-economic consequences. When carbon becomes a cost of goods sold item, market stability matters.
For companies, the takeaway is not to bet on exemptions. It’s the opposite:
➡️ CBAM is now being treated like a core trade instrument.
➡️ Data quality, supplier coverage, and scenario modelling matter more, not less.
➡️ Price volatility is being managed around CBAM, not used as an argument against it.
➡️ CBAM isn’t being softened. It’s being operationalised.
Russia
The Russian government has officially extended the temporary ban on the export of liquid, lump and granular sulphur. According to Government Decree No. 2193 signed on 29 December 2025 the restriction –which was originally set to expire at the end of 2025 –will now remain in effect until 31 March 2026.
Reminder: the commodity shipped from the Russian Federation to the member states of the Eurasian Economic Union, as well as to the Republic of Abkhazia and the Republic of South Ossetia, is exempt from this ban. Besides, the ban does not apply to the material supplied as humanitarian aid or in transit. Neither does it to the material exported for the purposes of ensuring the activities of the Russian Federation on the Svalbard archipelago
China's Cumulative Export of Various Fertilizers Reached 42.86 Million Tons from January to November 2025
According to statistics from China Customs, in November 2025, China exported a total of 4.44 million tons of various fertilizers. Among them, urea was 600,000 tons, ammonium sulfate was 2.21 million tons, diammonium phosphate was 450,000 tons, and monoammonium phosphate was 280,000 tons. From January to November 2025, China's cumulative export of various fertilizers reached 42.86 million tons, a year-on-year increase of 46.4%; the cumulative export value was 12.94 billion U.S. dollars, a year-on-year increase of 61.5%. Among them, cumulative urea exports were 4.62 million tons, a year-on-year increase of 1687.3%; cumulative ammonium sulfate exports were 19.36 million tons, a year-on-year increase of 26.1%; cumulative diammonium phosphate exports were 3.32 million tons, a year-on-year decrease of 23.6%; cumulative monoammonium phosphate exports were 1.78 million tons, a year-on-year decrease of 4.6%. (Data source: General Administration of Customs of the People's Republic of China)
This document is a summary of a Council of Ministers meeting from Wednesday, January 7, 2026, regarding government policies in Senegal, specifically focusing on the agricultural sector.
Below is the translation from the Chinese text provided:
Announcement: Council of Ministers
Wednesday, January 7, 2026
Prime Minister's Communication Headlines
The key points of the Prime Minister's speech are as follows:
Supervision of Agricultural Activities
The Prime Minister reviewed his visit to peanut-growing areas. He assessed the progress of the peanut marketing process and verified the effectiveness of government guidelines. This visit involved stakeholders (producers, economic operators, industrial unions, transporters, bankers, local authorities, and national technical services). It identified ongoing operational constraints related to floor price compliance, lack of financial liquidity and payment fluidity, export taxes, insufficient collection points, and slow truck unloading speeds.
The Prime Minister reiterated that the government prioritizes peanut marketing activities. The state remains fully committed to ensuring producers receive fair prices. It aims to ensure smooth payments and the safety of collection and transportation links. It will protect industrial facilities and ensure strict implementation of the decisions made by the specialized inter-ministerial committee.
The Prime Minister emphasized the measures taken by the government in this regard:
Target Increase: For SONACOS (the national oilseed processing company), the target has been increased from 250,000 tons to 450,000 tons.
Funding: Regarding funding, the Minister of Finance and Budget (MFB) has successfully raised 50 billion [CFA]. This includes 22 billion from La Banque Agricole (LBA) and 28 billion from the National Bank for Economic Development (BNDE).
Subsidies: Following money market tender interventions, subsidies for industrialists will be given to those who prove they are supplied directly from collection points and provide products based on the minimum price.
Seed Exports: The condition for suspending the 40 franc/kg customs duty on seed exports is that exporters must prove exclusive supply to government-approved collection points.
The Prime Minister also requested the establishment and effective operation of approved collection points and the mobilization of all available means to stop the provision of food to the Pan American Health Organization (PAHO) through parallel channels. The Prime Minister called for a review of the department's policies. To this end, a committee will be established to provide recommendations for Senegal's new peanut policy.
Finally, regarding rice production in the northern part of the country, the Prime Minister requested the Minister of Trade to submit an operational and structural action plan to resolve issues of excess inventory and commercialization.
Would you like me to look into more details regarding the specific financial institutions mentioned (LBA and BNDE) or the current peanut market situation in Senegal?
Trade commissioner Maros Sefcovic said the commission will now move to propose to "temporarily suspend MFN tariffs on ammonia, urea, and where necessary, other fertilizers". He added that the newly proposed article 27a to CBAM could allow for "temporary suspension" for certain goods "if market circumstances justify [it]".
Low-carbon ammonia stymied by lack of demand, CEOs say
30 Sep 25, 18:49 – Fertilizers Ammonia Green ammonia Fundamentals
Abu Dhabi, 30 September (Argus) — Difficulties securing firm offtake contracts with buyers continue to hinder the development of low-carbon ammonia projects, even for established producers, senior industry executives said at the Gulf Petrochemicals and Chemicals Association (GPCA) conference in Abu Dhabi today.
The leaders of five major fertilizer producers described the significant difficulties facing low-carbon ammonia projects, most of which have stalled or been delayed since the boom years of 2021-23.
Saudi firm Sabic Agri-Nutrients' chief executive, Fahad al-Battar, detailed three main challenges for investors in low-carbon ammonia — firstly a basic lack of firm demand, secondly the shortage of suitable infrastructure for moving and storing the product, and thirdly the different direction of regulations in the EU and US markets.
Omani nitrogen producer Omifco's general manager, Khalid al-Farsi, noted a similar challenge in finding buyers. Omifco has long intended to build a third train at its Sur site but, constrained by Oman's commitment to achieving net zero emissions by 2050, it cannot build a traditional nitrogen plant. It has compared different technologies, including carbon capture and storage, but is still looking for an offtaker willing to pay a premium for the final products.
Fertiglobe chief executive Ahmed El-Hoshy highlighted how the costs of blue ammonia have risen faster than expected, causing significant difficulties for projects seeking long-term offtakers. In addition, the cost spread between low-carbon and zero-carbon ammonia projects is narrowing, which Fertiglobe thinks could lead to a higher-than-expected market share for green ammonia in the 2030s.
Norwegian firm Yara's chief executive Svein Tore Holsether focused on the potential that maritime fuels offer for demand growth, highlighting the company's investment in the ammonia-fuelled container ship Eyde, and reiterated that Yara is committed to decarbonising its ammonia production.
"Fertilizer production is the noblest investment even though it might not be the most lucrative," UAE producer Fertil's chief executive, Naser al-Omaira, said.
NFL has now countered all remaining 18 bidders. The deadline for submission of acceptances is tomorrow at 14:00hrs
As of January 7, 2026, the total inventory of China’s urea enterprises stood at 1.0222 million tons, an increase of 0.30 thousand tons from the previous week and a rise of 0.29% month-on-month. Within this period, the inventory of domestic urea enterprises exhibited relatively little fluctuation compared to the previous cycle, with local inventory levels showing mixed trends. Although there has been a notable improvement in recent sales for urea enterprises and prices have continued to rise, the increase in inventory from previous periods has limited the extent of depletion. As a result, the inventory level of urea enterprises remained largely unchanged from the previous cycle. The provinces with decreased inventory levels for urea enterprises during this period include Henan, Heilongjiang, Jiangsu, Inner Mongolia, Qinghai, Shanxi, and Chongqing. The provinces with increased inventory levels include Anhui, Hainan, Hebei, Hubei, Jiangxi, Liaoning, Shandong, Shaanxi, and Xinjiang.
For export, now at about 400-405fob for prills and 410-415fob for granulars. Its increased a little based on tight availability and the bullish international trend. After the India tender levels announced at higher levels, give support to the whole urea trend. But China only have about 2 vessels quota left, so offers keep increasing now. For now, major players are believe that new quota will not released at least until April or May, especially when the domestic market price keep increasing, it will make export policy more tight.
Soybean shipments from Brazil, the world's largest producer and exporter of the oilseed, hit a record of 108.68 million metric tons in 2025, data from shipping agency Cargonave published on Monday showed.
The figure represents an 11.7% climb from 2024, and comes after a record soy harvest in Brazil last year, as well as extensive purchases from China, which avoided buying the oilseed from the United States for much of the year due to a dispute over tariffs.
Soymeal And Corn
Soymeal exports also reached a record level, Cargonave data showed, surpassing 23.07 million tons in 2025.
The figure compares to the previous high of 22.84 million tons in 2024.
Brazil's corn exports reached 41.7 million tons last year, almost 4 million tons above the 2024 level.
Brazil is one of the world's largest exporters of soymeal and corn.
LONDON (ICIS)–In India, NFL has received offers for a total of 3.62 million tonnes of urea from 26 suppliers. Prices are likely to open later today or tomorrow.