Early 2026: The RMB exchange rate stands at a new threshold. Looking back at 2025, the Renminbi demonstrated strong performance against the US dollar. For the full year, the onshore RMB rate strengthened from 7.2988 to 6.9890, an appreciation of over  4.2% . The central parity rate was adjusted upward by a total of 1,596 basis points, briefly breaking through the 7.0 mark to hit a two-year high. For international procurement professionals, exchange rates are never just a numb

I. Potash Market: Tight Supply and Rising Prices Amid Strategic Standoff; Pre-Spring Ploughing Stockpiling Underway, Tight Circulation Becoming the Norm Recently, China’s domestic potash market has exhibited an unusual pattern of shrinking volumes alongside rising prices. Despite persistent market rumors suggesting policy coordination through long-term contract allocations and direct-supply releases, actual circulating volumes remain tight. Against this backdrop of reduced av

In 2025, China’s fertilizer imports and exports showed a clear pattern of strong growth in export volumes and values, alongside a slight decline in imports. Urea exports recorded particularly sharp growth, while phosphate fertilizer exports continued to contract. Domestic policy priorities focused on securing internal supply had a profound impact on the global phosphate fertilizer market structure. Looking ahead to 2026, the global phosphate fertilizer supply outlook is broad

Recently, the international fertilizer market has shown clear characteristics of concentrated demand release supported by government subsidy policies. Countries including India, Indonesia, and Nepal have actively advanced fertilizer tenders and procurement programs, while Pakistan recorded record-high fertilizer sales. Against this backdrop, China’s potash market concluded 2025 at elevated but stable levels, and entered 2026 with continued firmness. Potassium chloride prices

By late December, China’s fertilizer market has exhibited clear structural characteristics. On the raw material side, sulfur shows a pattern of domestic price pullback alongside high-level volatility in imported material, while phosphate rock, sulfuric acid, and synthetic ammonia remain broadly stable. The phosphate fertilizer market continues to implement policy-driven supply assurance and price stabilization, with prices remaining steady despite rising cost pressure. The po

From January to November 2025, China’s fertilizer imports and exports showed a clear pattern of rising export volumes and prices alongside a slight decline in imports. Toward year-end (mid-December), the market centered on three main themes: policy-driven price stability and supply assurance for phosphate fertilizers, supply–demand tug-of-war in the potash market, and policy regulation of upstream raw materials. Phosphate rock, sulfur, and sulfuric acid exhibited divergent tr

In early December 2025, China’s fertilizer market entered a critical phase characterized by across-the-board cost increases and a continued tight supply–demand balance. Rising prices of raw materials such as sulfur and sulfuric acid have pushed up costs for phosphate fertilizers and potassium sulfate. Meanwhile, the potash market remains firm at high levels, supported by concentrated supply and rigid winter stocking demand.In the international market, a pattern of strong dem

In the fourth quarter of 2025, the global fertilizer industry is marked by distinct trends of “strategic upgrading, rising demand, and active trade.” The United States has, for the first time, included phosphate rock and potash in its Critical Minerals List, underscoring the national-security importance of fertilizer resources. Nutrien, the world’s largest fertilizer producer, forecasts continued growth in global potash demand in 2026, prompting adjustments in industry planni

In November 2025, China’s fertilizer market exhibited a clear trend driven by raw materials. Supported by increasingly tight supply, the potash fertilizer market continued its upward movement, forming a “high in the north, low in the south” price pattern. Meanwhile, sharp increases in the prices of sulfur, sulfuric acid, and other raw materials pushed phosphate compound fertilizer production costs sharply higher, triggering an upward adjustment in industry guideline prices. H

In recent days, China’s fertilizer market has shown a clear pattern of “raw material divergence with cost support, and uneven fertilizer...

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Market Overview According to data from China Customs, China’s fertilizer import and export performance in May 2025 showed a divergent...

EU Increases Tariffs on Russian Fertilizers: Intensifying Industry Tensions The European legislative body has approved new tariffs on...

Market Foreword As the 2025 spring ploughing enters its final stage, China's fertilizer market is at a critical juncture where raw...

In April, the global fertilizer and petrochemical markets experienced significant volatility, driven by geopolitical tensions, logistics...

China Confirms Export Controls on MAP, DAP, and Urea: What Global Buyers Need to Know