The international fertilizer market is currently undergoing unprecedented transformation. Geopolitical conflicts, major policy shifts among leading economies, and supply chain restructuring have significantly increased market volatility. As we move into 2026, the market is no longer driven purely by supply and demand fundamentals. Instead, it has entered a new phase characterized by the parallel forces of “security priority + cost support + policy intervention.” I. The Real I

This report reviews the performance of China’s potash fertilizer, phosphate rock, and phosphate fertilizer markets in the period immediately preceding the 2026 Chinese New Year (February 5 – February 11). As the holiday approached, the market maintained a tight balance and stable operation, laying the groundwork for post-holiday spring farming activities. I. Phosphate Rock and Phosphate Fertilizers: Stable Pre-Holiday Operations, Supply Contraction Providing Support Ahead of

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