September 15 Phosphate Fertilizer Daily Review: Cost Support Weakens, MAP Declines While DAP Consolidates
September 16, 2026
FDD-global.com
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China's MAP and DAP markets show weak downward and consolidation trends, respectively, as analyzed on September 15. In MAP, 55% powdered and granular variants are seeing price pressure due to weak demand and cautious downstream purchases. While raw material prices like sulfur declined slightly, they remain relatively high, offering strong producer support. DAP markets exhibit a stagnant trading environment but anticipate gradual recovery as autumn stockbuilding begins, though most transactions focus on essential needs. Sulfur prices are stable with limited bulk trading due to subdued domestic demand and geopolitical factors. Expect continued cautious market conditions in the short term.
MAP Price Index:
According to FDD data, on September 15, China's 55% powdered MAP index stood at 4,103.75, down 0.76% from the previous working day; the 55% granular MAP index was 4,300.00, unchanged from the previous working day; and the 58% powdered MAP index was 4,416.67, unchanged.
MAP Market Analysis and Forecast:
Today, China's MAP market maintained a weak downward trend. On the producer side, most plants continued to fulfill earlier orders. Market prices for 55% powdered MAP continued to fall, traders kept lowering their quotations, and actual transactions remained subject to negotiation. On the market side, inventories were relatively ample, while the stagnant and subdued trading atmosphere persisted. On the demand side, demand from some downstream compound fertilizer producers showed no significant improvement. Most producers continued to consume previously stocked raw materials and maintained only limited purchases for essential needs. Purchasing interest remained low, new orders were limited, market sentiment was cautious amid the ongoing deadlock, and demand remained relatively weak. On the raw material side, domestic sulfur prices continued to trend weakly today; sulfur inventories at ports remained relatively low; sulfuric acid prices continued to consolidate weakly; and the phosphate rock market was mainly stable. Although raw-material prices on the cost side declined, they remained at elevated levels and continued to provide relatively strong support to producers. Overall, the MAP market remained characterized by weak supply and weak demand. Cost support weakened marginally while demand recovery remained sluggish, and the market is expected to maintain a weak downward trend in the short term. Attention should remain on raw-material price movements, the pace at which downstream compound fertilizer producers begin autumn fertilizer stockbuilding, and the transmission of geopolitical developments to the cost side.
DAP Price Index:
According to FDD data, on September 15, China's mainstream 64% granular DAP index stood at 4,563.33, unchanged from the previous working day; the 60% brown DAP index was 4,700.00, unchanged; and the 57% DAP index was 4,367.50, unchanged.
DAP Market Analysis and Forecast:
Today, China's DAP market remained deadlocked and consolidated within a narrow range. On the producer side, some producers focused mainly on shipping previously pending orders. Producers maintained firm prices, while actual transactions remained subject to negotiation. On the market side, the trading atmosphere showed some improvement. On the demand side, as the autumn fertilizer stockbuilding window gradually approaches, downstream end-user demand is being released progressively. The circulation of material has accelerated compared with the previous period, and the trading atmosphere has shown signs of improvement. However, purchases remain concentrated in small orders for essential needs, while large-scale procurement has not yet begun. On the raw material side, domestic sulfur prices moved lower with a weak bias today; sulfur inventories at ports remained relatively low; sulfuric acid prices continued to trend weakly; and the phosphate rock market was mainly stable. Although raw-material prices on the cost side declined, they remained relatively high and continued to provide strong market support. Overall, the DAP market is expected to maintain a weak consolidation trend in the short term. Attention should remain on changes in raw-material prices, downstream demand follow-through, and subsequent adjustments to export policies.
Sulfur Market Prices:
According to FDD data, on September 15, granular sulfur at Zhenjiang Port was priced at RMB 7,500/tonne, down RMB 100/tonne from the previous working day; granular sulfur at Dafeng Port was RMB 7,480/tonne, down RMB 100/tonne; powder and lump sulfur at Zhenjiang Port was RMB 7,450/tonne, down RMB 100/tonne; powder and lump sulfur at Dafeng Port was RMB 7,430/tonne, down RMB 100/tonne; solid sulfur in East China was RMB 7,800/tonne, up RMB 100/tonne; and liquid sulfur in East China was RMB 7,620/tonne, unchanged.
Sulfur Market Analysis and Forecast:
Today, China's sulfur spot market generally maintained a narrow, rangebound consolidation pattern, while trading remained relatively subdued. On the supply side, domestic refinery units generally operated steadily and supply was released at a normal pace. Port inventories remained relatively stable, imported cargoes arrived at a moderate pace, and no significant fluctuations occurred in overall supply. On the demand side, operating rates in the downstream phosphate fertilizer and sulfuric acid industries remained at existing levels. Purchases were mainly made to replenish stocks for essential needs, while producers remained cautious about building inventories and generally continued to purchase only as needed. Bulk transaction volumes were limited, and actual demand provided relatively weak support to the market. Current fluctuations in the international sulfur market have had some influence on domestic market sentiment. Meanwhile, geopolitical factors affecting maritime transportation continue to disrupt shipping expectations and provide some bottom support to the market. However, limited domestic demand also leaves insufficient upward momentum. Overall, bullish and bearish factors are offsetting one another, making a clear directional breakthrough unlikely in the short term. The market is expected to remain rangebound. Attention should remain on the pace of downstream demand recovery, changes in port arrivals and inventories, and developments in international sulfur prices and the freight market.
Phosphate Fertilizer Market News Updates:
September 15: In the Anhui MAP market, delivered quotations for 55% powdered MAP were around RMB 4,150-4,200/tonne, with quotations stable.
September 15: In the Northeast China MAP market, delivered quotations for 55% powdered MAP were around RMB 4,350-4,400/tonne, with quotations stable.
September 15: In the Henan MAP market, delivered quotations for 55% powdered MAP were around RMB 4,000-4,150/tonne, with quotations lowered.
September 15: In the Hubei MAP market, mainstream ex-factory prices for 55% powdered MAP were around RMB 3,950-4,100/tonne, with quotations lowered.
September 15: In the Jiangsu MAP market, delivered quotations for 55% powdered MAP were around RMB 4,000-4,150/tonne, with quotations lowered.
September 15: In the Shandong MAP market, delivered quotations for 55% powdered MAP were around RMB 4,000-4,150/tonne, with quotations lowered.
September 15: In the Sichuan MAP market, delivered quotations for 55% powdered MAP were around RMB 3,950-4,050/tonne, with quotations lowered.
September 15: In the Yunnan MAP market, ex-factory prices for 55% powdered MAP were around RMB 4,000-4,050/tonne, with quotations lowered.
September 15: In the Shaanxi DAP market, ex-factory self-pickup quotations for 60% DAP were RMB 4,500-4,650/tonne, with quotations stable.
September 15: In the Northeast China DAP market, ex-factory self-pickup quotations for 64% DAP were RMB 4,550-4,600/tonne, with quotations stable.
September 15: In the Hebei DAP market, self-pickup quotations for 57% DAP were RMB 4,350-4,400/tonne, with quotations stable.
September 15: In the Hubei DAP market, ex-factory self-pickup quotations for 64% DAP were RMB 4,800-4,850/tonne, with quotations stable.
September 15: In the Shandong DAP market, ex-warehouse self-pickup quotations for 64% DAP were RMB 4,850-4,950/tonne, with quotations stable; station self-pickup quotations for 57% DAP were RMB 4,300-4,400/tonne, also stable.
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