Key Insights: India NFL Urea Tender – Rising Prices & Shifting Supply Dynamics
India’s NFL urea tender (1.5 million MT target) sees intense interest with bids totaling over 3.6 million MT – but full procurement may face headwinds!
Core takeaways:
✅ L1 prices edge up: CFR $424.9/MT (West Coast) & $426.8/MT (East Coast), a slight rise from Nov’s tender, with a narrow $1.9 spread between coasts.
❌ China’s limited participation: Scarce export quotas cut involvement (only ~2 vessel quotas left for East Coast).
🌍 Middle East emerges as top supplier: FOB back-calculated at $410+/MT, expected to contribute 500k MT; Qatar’s prilled urea trades around FOB $390/MT.
⚠️ Supply gap looming: Southeast Asia constrained by Indonesia’s export license delays, Russia with limited surplus (~200k MT from Baltic), total procurement likely around 1 million MT.
Here is the translation of the ammonium sulfate market report for January 6, 2026.
Ammonium Sulfate Market Prices (January 6, 2026)
The overall ammonium sulfate market remained stable today, with some auction prices for coking-grade ammonium sulfate seeing slight increases. While the price increase in India's urea tender (印标) has boosted market sentiment, terminal prices have not yet improved. Downstream manufacturers remains cautious in their purchasing, maintaining a "wait-and-see" attitude. The market is expected to remain stable with minor adjustments in the short term.
1. Regional Mainstream Market Prices (RMB/ton)
Self-pickup for bulk cargo unless otherwise specified.
| Region | Coking-Grade (Mainstream) | Caprolactam-Grade (Mainstream) |
|—|—|—|
| Shandong | 870–900 | 980–1,030 |
| Henan | 830–896 | – |
| Shanxi | 820–870 | 950–965 |
| Hebei | 840–950 | – |
| Heilongjiang | 850 | 1,150–1,170 (Acrylonitrile-grade) |
| Jilin | 1,025–1,105 | – |
| Liaoning | 955–1,110 | – |
2. Recent Auction & Tender Results
Jiangsu Yizhou (Coking): Transaction price at 996 RMB/ton (Up 90 RMB; 800 tons).
Henan Shuncheng: Latest transaction at 896 RMB/ton (Up 11 RMB from last week; excludes loading fees).
Henan Liyuan: Latest tender price at 892 RMB/ton (Up 10 RMB).
Shizong Coal Coke Chemical: Auction price at 1,000 RMB/ton (Down 30 RMB from starting price; 175 tons).
3. Factory Quotations (RMB/ton)
| Factory | Product Type | Price |
|—|—|—|
| Cangzhou Xuyang | Caprolactam-grade (Bulk) | 1,060 |
| Hualu Hengsheng | Caprolactam-grade (Bulk) | 1,050 |
| Baling Hengyi | Caprolactam-grade (Domestic) | 1,040 |
| Shandong Luxi Chemical | Caprolactam-grade (Premium) | 1,030 |
| Yankuang Lunan | Caprolactam-grade | 1,030 |
| Guangxi Hengyi | Caprolactam-grade | 1,030 |
| Dongming Xuyang | Caprolactam-grade | 1,020 |
| Hualu Hengsheng | Power plant crystals | 925 |
| Shanxi Lanhua | – | Device maintenance; no quote |
> Note on Hualu Hengsheng Packaging: While bulk is 1,050 RMB, small bags (50kg) are 1,100 RMB, ton bags are 1,110 RMB, and 25kg bags are 1,120 RMB.
>
From January to November 2025, China exported 686,000 metric tons of UREA to South America (primarily Brazil and Chile), accounting for 14.9% of its total urea exports. Meanwhile, Venezuela’s fertilizer exports (mainly urea and ammonium sulfate) are primarily destined for Brazil, Colombia, and other countries in the region.
It is expected that as tensions between the U.S. and Venezuela escalate, global fertilizer prices will rise, potentially further pushing up China’s UREA export prices.
Morning. Price discovery in NFL tender gave a more supportive feel to Int'l paper yda – counters now issued up to 1.55m tonnes. In Nola, pressure at end of day saw Jan phys trade down to $390, Mar paper repeat traded $400 before slipping into high-$390s.
AG
Jan $407//$418
Feb $405//$415
Mar $395//$410
Cfr Brazil
Jan $408//$420
Feb $405//$420
Mar $400//$415 – traded $400 (1.5k)
Egypt
Jan $430//$460
Feb $420//$450
Nola
Phys: Jan traded $395, $398, $397, $391, $390. Apr $400
Paper:
Jan $390//$395
Feb $395/$400 – traded $399
Mar $395//$400 – traded $400s, $398
Apr $388//$400
May $375//$385
Jun $360//$375
Option: Mar $420 C traded $6
Brazil Amsul
Jan $180//$195
Feb $175//$188
UAN Nola
Jan $285//$310
Feb $280//$315
DAP Nola
Jan $615//$630
Feb $620//$635
Mar $620//$635
MAP Brazil
Jan $635//$660
Feb $645//$675
Mar $655//$685
Q2 $670//$700
Good morning, latest levels;
Jan AG $405/$417
Feb AG $410/$420
Mar AG $405/$420
Jan Egypt $420/$450
Feb Egypt $420/$450
Jan Brazil $407/$420
Feb Brazil $415/$425
Mar Brazil $405/$425
Jan AS Brazil $180/$190
Feb AS Brazil $178/$185
Anything of interest today?
https://m.miningweekly.com/article/buffalo-potash-lists-successfully-on-tsx-v-2026-01-05
Morning. Int'l urea paper seemingly on hold last week, as vols offered into India now reported, but price discovery still awaited. Nola paper saw March find value again at $400 on Fri. Paper framed:
AG
Jan $405//$410
Feb $400//$410
Mar $395//$410
Cfr Brazil
Jan $405//$415
Feb $405//$410
Mar $395//$415
Egypt
Jan $425//$460
Feb $420//$450
Nola
Paper:
Jan $388//$395
Feb $393/$400
Mar $397//$405 – traded $400 Fri
Apr $387//$395
May $375//$385
Jun $360//$375
Brazil Amsul
Jan $178//$190
Feb $175//$188
UAN Nola
Jan $285//$310
Feb $280//$315
DAP Nola
Jan $615//$630
Feb $620//$635
Mar $625//$640
Q1 $625//$635
MAP Brazil
Jan $635//$660
Feb $645//$675
Mar $655//$680
Jul $670//$700
Here is the translation of the Ammonium Sulfate price market report dated January 5, 2026.
Ammonium Sulfate Price Market Report (January 5)
Date: Monday, January 5, 2026
Today, the ammonium sulfate market remained mostly stable with minor fluctuations. Some caprolactam-grade ammonium sulfate plants in Shandong experienced no shipping pressure and attempted slight price increases, while others maintained original prices and fulfilled previous orders. Currently, the terminal market lacks clear direction, resulting in a strong "wait-and-see" atmosphere; the short-term market is expected to remain in a stalemate.
1. Mainstream Market Price Reference (RMB/ton)
| Region | Grade/Type | Price Range (RMB/ton) |
|—|—|—|
| Shandong | Coking Grade | 870 – 900 |
| | Caprolactam Grade (Bulk, Self-pickup) | 980 – 1,030 |
| Henan | Coking Grade | 850 – 890 |
| Shanxi | Coking Grade | 820 – 870 |
| | Caprolactam Grade | 950 – 965 |
| Hebei | Coking Grade | 840 – 950 |
| Heilongjiang | Coking Grade | 850 |
| | Acrylonitrile Grade | 1,150 – 1,170 |
| Jilin | Coking Grade | 1,025 – 1,105 |
| Liaoning | Coking Grade | 955 – 1,110 |
| Inner Mongolia | Mainstream Price | 750 – 800 |
| Wuhai | Coking Grade | ~800 |
| Ningxia | Mainstream Price | 750 – 800 |
2. Recent Auction Results
Henan Tianqing (Chemical Grade): 350 tons auctioned; winning price at 840/ton (up by 15–25/ton).
Xinyu Iron & Steel: 240 tons auctioned; starting bid was 980/ton, final transaction at 1,020/ton (high-end price down by 15/ton).
3. Factory Price Reference (Major Producers)
| Factory | Product/Grade | Price (RMB/ton) | Note |
|—|—|—|—|
| Luxi Chemical | Caprolactam Superior | 1,030 | +10 |
| Yankuang Lunan | Caprolactam Grade | 1,020 | |
| Shanxi Lanhua | – | – | Maintenance (No quote) |
| Baling Hengyi | Caprolactam (Domestic) | 1,040 | +30 |
| Hualu Hengsheng | Power Plant Crystal | 925 | |
| Hualu Hengsheng | Caprolactam (Bulk) | 1,050 | (50kg bag: 1,100; Ton bag: 1,110; 25kg bag: 1,120) |
| Cangzhou Xuyang | Caprolactam (Bulk) | 1,060 | +10 |
| Dongming Xuyang | Caprolactam Grade | 1,020 | |
| Guangxi Hengyi | Caprolactam Grade | 1,030 | |
Phu My has no cargo as under maintenance now. Ca Mau already concluded 2-3 cargos to Australia, Latin America
Based on the provided market report from January 4, 2026, here is the translation regarding the ammonium chloride market and price references:
Ammonium Chloride Market Overview (January 4, 2026)
The ammonium chloride market is currently operating steadily. With environmental warnings lifted in some areas, the operating rates of ammonium chloride and downstream compound fertilizer enterprises are expected to see a slight increase. Supply and demand are both anticipated to grow, and prices are expected to remain stable in the short term.
Regional Price References (Units: RMB/ton)
| Region | Product Type | Delivery Method | Reference Price |
|—|—|—|—|
| Shandong, Henan, Hebei | Dry Ammonium | Delivered | 440–480 |
| Southwest China | Dry Ammonium | Ex-factory | 420–450 |
| Jiangsu | Wet Ammonium | Delivered | 340–360 |
| Hubei (Yihua Shuanghuan) | Mixed | Delivered (Nearby) | 430–450 |
Specific Factory Quotations
Jiangsu & Zhejiang Area
Zhejiang Longshan Chemical: Wet ammonium ex-factory at 320; facility is running at reduced capacity.
Lianyungang Debang: Dry ammonium ex-factory at 400; wet ammonium at 310.
Zhongyan Kunshan: Dry ammonium at 400; wet ammonium at 300.
Jiangsu Huachang: Wet ammonium ex-factory quote at 310; dry ammonium is primarily for internal use.
Xuzhou Fengcheng Salt Chemical: Dry ammonium ex-factory at 420; wet ammonium at 350; facility is running at reduced capacity.
Central & Northern China
Henan Jinshan: Dry ammonium delivered nearby at 450–480; wet ammonium delivered nearby at 400–420.
Henan Junma: Dry ammonium ex-factory at 390.
Luwei Group: Wet ammonium ex-factory quote around 280–300.
Tianjin Soda Plant: Ex-factory reference at 430.
Anhui Hongsifang: Dry ammonium ex-factory at 400; wet ammonium at 300.
Inner Mongolia Wofeng Agriculture: Dry ammonium ex-factory around 430.
Shaanxi Xinghua: Shutdown for maintenance; restart date is TBD.
Southwest China
Sichuan Hebang: Dry ammonium ex-factory around 480.
Chongqing Hebang: Dry ammonium ex-factory around 420.
* Chongqing Xiangyu Salt Chemical: Dry ammonium ex-factory quote at 450.
Domestic Sulfur Spot Market (January 4, 2026)
The domestic sulfur spot market experienced an overall upward trend this week. While global trading was quiet due to recent holidays, a recovery in demand is expected as buyers from Indonesia and other regions look to replenish their inventories.
International Market Highlights
Q1 Contract Negotiations: Discussions for the first quarter of 2026 are ongoing. Some sources indicate that prices for Middle East to North Africa routes have been settled at CFR $500/ton, an increase of $190/ton.
Official Selling Prices (OSP): Qatar and the UAE released their January contract prices at FOB $517/ton and FOB $520/ton respectively, representing a month-on-month increase of $22–$25.
Supply Disruptions: Reports suggest equipment failures at Russian refineries remain unresolved, and loading delays at certain Middle Eastern ports are hindering shipments.
Domestic Market Performance
Pre-Holiday Stagnation: Before the New Year’s Day holiday, the market was inactive due to a lack of clear supply guarantee measures and typical year-end low interest in trading.
Post-Holiday Surge: Following the strong price signals from the Middle East, domestic traders began actively seeking stock. However, holders of existing inventory became reluctant to sell, making goods harder to find and driving prices up.
Current Pricing: As of the report date, the mainstream reference price for granular sulfur at Zhenjiang Port in the Yangtze River region is 4,100 RMB/ton, up 100 RMB from the previous working day.
Future Outlook
The international sulfur market is expected to maintain its strong momentum through February, supported by supply constraints and regional demand. Domestically, while end-users may adopt a "wait-and-see" approach in the short term, traders are likely to continue restocking. Consequently, the domestic market is projected to trend favorably upward.
On January 4, 2026, domestic urea production was 191,000 tons per day, with an operating rate of approximately 80.93%. According to An Yun-si data, on January 4, 2025, domestic urea production was 176,500 tons per day. Today’s production is approximately 14,500 tons more than the same day last year.
Here is the translation of the provided market report on Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) from January 4, 2026.
Market Prices for Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) – January 4
Monoammonium Phosphate (MAP) Overview
Today, the MAP market remained firm. Trading activity was light during the New Year's Day holiday, and prices have not seen significant changes.
Central China: 55% powder mainstream ex-factory price is approximately 3,850 RMB/ton.
Southwest China: 55% powder ex-factory price is 3,750 RMB/ton.
Following the holiday, downstream compound fertilizer plants have increased operating rates as regional environmental restrictions were lifted, though they remain cautious, purchasing raw materials only as needed. High costs for sulfur and phosphate rock continue to support high market prices.
Raw Material Market Status
Sulfur:
Port Sulfur: Prices are trending stronger with mainstream quotes rising to 4,050 RMB/ton. Supply remains tight, and sellers are reluctant to sell at lower prices.
Liquid Sulfur (Shandong): Prices are stable to slightly rising, with mainstream prices between 3,490–3,670 RMB/ton.
Synthetic Ammonia:
Hubei: Mainstream ex-factory prices are 2,000–2,070 RMB/ton, a slight decrease of 50 RMB.
Shandong: Mainstream transaction prices are 2,210–2,410 RMB/ton, trending upward by 10–30 RMB.
Phosphate Rock: Prices remain stable. Hubei 30% grade rock is priced at 1,100–1,120 RMB/ton (delivered to ship), and Guizhou 30% grade is at 980–1,000 RMB/ton.
Industrial Grade MAP (73%)
The market for industrial MAP is currently in a stalemate.
Average Market Price: Approximately 6,650 RMB/ton.
Regional Pricing:
Xinjiang: 6,950–7,050 RMB/ton (ex-warehouse).
Hubei/Sichuan/Guizhou: 6,550–6,700 RMB/ton (ex-factory).
Diammonium Phosphate (DAP) Overview
The DAP market is currently showing weakness. While some new price policies are emerging, many companies have yet to release official quotes.
Hubei: Individual plants quote 64% DAP at 4,150 RMB/ton (ex-factory).
Xinjiang: 64% DAP arrival price is approximately 4,450–4,550 RMB/ton.
Shandong: 64% granular DAP ex-warehouse is 4,500–4,600 RMB/ton.
Manufacturer Price References (Selection)
| Enterprise | Product | Price/Status |
|—|—|—|
| Hubei Ezhou | 55% Powder | 3,850 RMB/ton (Negotiable) |
| Hubei Xiangyun | 55% Powder | 3,850 RMB/ton |
| Longmang Dadao | 55% Powder | 3,750 RMB/ton |
| Gansu Wonfoo | 60% Powder | 4,280 RMB/ton (Ex-factory) |
| Hubei Yihua | 64% DAP | 4,150 RMB/ton (Ex-factory) |
| Shaanxi Huashan | 60% DAP | 4,200–4,250 RMB/ton (Ex-factory)
*Prices up*
Spot market sees a $13/mt increase.
*Demand surges*
Importers are seeking 22+ tons.
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