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Shanghai Metals Market reports that China's phosphate ore supply and demand stayed tightly balanced in September 2025, with prices holding near 1,000 yuan. New energy demand rose to 6%-7% of the total, while midstream LFP materials faced price pressure from overcapacity.
Stable, high Chinese phosphate ore prices keep the raw material cost of phosphate fertilizers elevated, supporting global DAP pricing.
Not 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.