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China's phosphate rock imports rose 30% year-on-year to 998,100 tonnes in H1 2026, driven by inventory restocking. Monthly volumes have softened and prices edged down $1/t in June.
Buyers are cautious as high sulfur costs curb fertilizer output, and July imports are expected to fall further.
Weaker Chinese buying and cautious downstream demand point to softer phosphate rock demand, though sulfur costs limit the downside.
mysteel.netJul 21, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
