Costs have soared, and the prices of compound fertilizers have been raised across the board.

On January 11, 2026, the prices of compound fertilizers rose significantly by 20-50 yuan/ton across the board. During the week, the prices of raw materials such as urea and sulfur increased by 60-190 yuan/ton respectively. The cost of compound fertilizers rose again. Sulfur-based and high-nitrogen products showed a stronger intention to maintain their prices. Especially as the previous orders decreased, the prices of some new offers and new orders were also raised accordingly.

Urea: The price of urea has been on an upward trend followed by a downward one this week. After the New Year's Day, the urea market experienced a brief stalemate but improved significantly on Monday. On one hand, the futures price rose under the influence of multiple factors such as the bidding for imports. The sentiment for spot trading also rebounded simultaneously. Trading enterprises and end-users in the northeastern region and major production and sales areas appropriately increased their inventories, and the collection of orders by urea factories improved significantly. The quotations also steadily rose. After the price rose continuously for three days, the factory quotations for medium and small-sized particles in the major production and sales areas reached the level of 1700 yuan per ton. The downstream gradually showed a resistant attitude towards the rapid price increase. On Thursday, the market stabilized. Currently, urea factories have support in terms of orders and inventory. Although the demand for further follow-up orders from the downstream has slowed down, the short-term market trend is mainly a stalemate with narrow adjustments, and the temporary fluctuation space is limited.

Sulfur: The prices of liquid sulfur in Shandong have collectively risen significantly this week. The winning bids for local refineries ranged from 3795 to 3853 yuan per ton, with premium prices ranging from 50 to 90 yuan per ton at various resource points. The active bidding by the downstream market has driven the overall trading atmosphere in the market to be favorable. Port resources continue to remain without quotations. As of the deadline for this report, the mainstream price of liquid sulfur in the Shandong market was between 3660 and 3853 yuan per ton, with an increase of 40 to 170 yuan per ton compared to the previous working day. The price of sulfur at the ports has soared by 195 yuan per ton to 4200 yuan per ton this week.

Ammonium Phosphate: This week, the port self-pickup price of 57% diammonium phosphate in Liaoning region has been reduced by 100-150 yuan to 4,050-4,100 yuan per ton. The port self-pickup price of 64% has been lowered by 50 yuan to 4,400-4,500 yuan per ton. The latest factory price of 60% diammonium phosphate in Shaanxi has been reduced by 100-150 yuan to 4,050-4,100 yuan per ton. The out-storage price in Hebei has been reduced by 100 yuan to 4,300-4,400 yuan per ton. Although the sulfur price is still rising and the cost end still provides support, considering the expected policy price limit, the downstream demand is sluggish, and the market trading atmosphere is calm. Therefore, the prices have loosened. Currently, the market situation is gradually becoming clear, and the market prices are gradually approaching the guidance price!

Potassium Fertilizer: This week, the price of potassium fertilizer has remained firm and continued to rise. Local prices have increased by 10-30 yuan. Enterprises in Lianyungang and Laos have raised the prices of white potassium fertilizer at the lower end by 10-30 yuan (new supplies have not arrived at the port yet, and the inventory at the port has decreased significantly, with limited market circulation). Although there are some reports suggesting that the upstream will gradually release goods, the overall supply in the market is not sufficient at present. With the market price at a high level, the intention to stockpile at high prices is relatively weak. However, with a few inquiries in the market, the local low-end quotations are decreasing... Currently, the self-pickup price of 60% white potassium fertilizer from Lianyungang and Weifang Port is 3200-3280 yuan per ton, and the self-pickup price of 62% white potassium fertilizer at the port is 3450-3500 yuan per ton. The factory price of 52% powder sulfuric acid from Manheim is 3900-4100 yuan! It is expected that the price of potassium fertilizer will remain firm in the short term! 
Currently, the prices for some compound fertilizers are as follows: 45% sulfur (3*15) is priced at 3100 - 3350 yuan per ton, 40% chlorine (28:6:6) is 1950 - 2150 yuan per ton, and 45% chlorine (3*15) is 2560 - 2800 yuan per ton. At present, the raw material monopotassium phosphate is stable under policy regulation. The prices of nitrogen and potassium fertilizers are showing a firm and upward trend. It is expected that the short-term compound fertilizer market will maintain a firm and upward trend!