--- title: "Southwest Securities: The export price of phosphate fertilizer is considerable, pay attention to the export situation in the third quarter" type: "News" locale: "en" url: "https://longbridge.com/en/news/250105629.md" description: "Southwest Securities released a research report indicating that China's phosphate fertilizer export volume will significantly increase in June 2025, with a concentrated export expected in the third quarter. In June, the export volumes of monoammonium phosphate and diammonium phosphate were 165,600 tons and 506,300 tons, respectively, showing a significant month-on-month growth. The third quarter is the peak season for phosphate fertilizer demand in Southeast Asia, with relatively favorable export prices. It is recommended to pay attention to leading companies such as YTH, HBYH, Xingfa Chem, and YONFER" datetime: "2025-07-25T09:02:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/250105629.md) - [en](https://longbridge.com/en/news/250105629.md) - [zh-HK](https://longbridge.com/zh-HK/news/250105629.md) generator: "portal-rs" --- # Southwest Securities: The export price of phosphate fertilizer is considerable, pay attention to the export situation in the third quarter According to the Zhitong Finance APP, Southwest Securities released a research report stating that in June 2025, China's export volumes of monoammonium phosphate and diammonium phosphate will be 165,600 tons and 506,300 tons, respectively, an increase of 149,600 tons and 493,400 tons compared to May. The export volume of phosphate fertilizers in June has significantly increased. The third quarter is the peak season for phosphate fertilizer demand in Southeast Asia, which is expected to further boost domestic phosphate fertilizer exports. Currently, there is a certain price difference between domestic sales and export prices of ammonium phosphate, with export prices being relatively attractive. As exports gradually open up, the third quarter is expected to see a rise in both volume and price, benefiting leading phosphate fertilizer companies. It is recommended to pay attention to YTH (600096.SH), HBYH (000422.SZ), Xingfa Chem (600141.SH), and YONFER (000902.SZ). ## The main points of Southwest Securities are as follows: **June phosphate fertilizer exports increase, concentrated exports expected in the third quarter** In June 2025, China's export volumes of monoammonium phosphate and diammonium phosphate will be 165,600 tons and 506,300 tons, respectively, an increase of 149,600 tons and 493,400 tons compared to May. The export volume of phosphate fertilizers in June has significantly increased. Compared to last year, this year's export volume has been delayed (with a significant increase in export volume in April 2024). Due to the impact of spring farming supply guarantees, phosphate fertilizers are often primarily for domestic sales in the first quarter, with export volumes gradually increasing as spring farming ends. From recent years' export situations, the second and third quarters are concentrated export times. In the second quarter of 2024, the export volumes of monoammonium phosphate and diammonium phosphate were 834,500 tons and 1,369,800 tons, accounting for 41.63% and 30.02% of the annual exports, respectively; in the third quarter of 2024, the export volumes were 637,100 tons and 1,778,800 tons, accounting for 31.78% and 38.99% of the annual exports, respectively. Currently, the significant growth in June's phosphate fertilizer export volume, combined with the third quarter being the peak season for phosphate fertilizer demand in Southeast Asia, is expected to further boost domestic phosphate fertilizer exports. **Attractive export prices for phosphate fertilizers, focus on leading phosphate fertilizer companies** Currently, there is a certain price difference between domestic sales and export prices of ammonium phosphate. According to Baichuan Yingfu data, as of July 23, 2025, the market average price of 55% monoammonium phosphate powder is 3,303 yuan/ton, while the FOB price for 55% granular monoammonium phosphate in China is 581 USD/ton, resulting in a price difference of 846 yuan/ton; the price for 64% diammonium phosphate in Hubei is 3,805 yuan/ton, while the FOB price for bulk diammonium phosphate in China is 768 USD/ton, resulting in a price difference of 1,680 yuan/ton. Currently, export prices are relatively attractive, and as exports gradually open up, the third quarter is expected to see a rise in both volume and price, benefiting leading phosphate fertilizer companies. **Related targets** YTH (600096.SH): The company is a leading domestic phosphate chemical enterprise with a phosphate ore capacity of 14.5 million tons/year and a phosphate fertilizer capacity of 5.55 million tons/year. The company's phosphate fertilizer export volume accounts for over 20% of domestic exports and is an important global supplier of phosphate fertilizers. In 2024, the company will produce 5.05 million tons of various phosphate fertilizers, including monoammonium phosphate and diammonium phosphate. HBYH (000422.SZ): The company is a major domestic producer of diammonium phosphate, with a production capacity of 1.26 million tons/year. In 2024, the production volume of diammonium phosphate will be 1.39 million tons, with sales of 1.38 million tons In 2024, the export volume of diammonium phosphate products is 576,100 tons, with a tax-excluded revenue of 2.291 billion yuan. Xingfa Chem (600141.SH): The company has a phosphate rock production capacity of 5.85 million tons per year. Its wholly-owned subsidiary, Yidu Xingfa, has a phosphate ammonium production capacity of 1 million tons per year, with a capacity utilization rate of 104.78% in 2024. YONFER (000902.SZ): The company is a leading enterprise in the phosphate compound fertilizer industry, with compound fertilizer production and sales ranking first in the country for several consecutive years, and monoammonium phosphate production and sales ranking among the top three in the country for several consecutive years. The company has a monoammonium phosphate production capacity of 1.85 million tons (agricultural grade 1.7 million tons per year, industrial grade 150,000 tons per year), with phosphate fertilizer production and sales in 2024 expected to be 1.9789 million tons and 1.1290 million tons, respectively. **Risk Warning** Risks of declining phosphate rock prices, extreme weather risks, exchange rate risks, etc ### Related Stocks - [600096.CN](https://longbridge.com/en/quote/600096.CN.md) - [000422.CN](https://longbridge.com/en/quote/000422.CN.md) - [000902.CN](https://longbridge.com/en/quote/000902.CN.md) - [600141.CN](https://longbridge.com/en/quote/600141.CN.md) ## Related News & Research - [World's Largest Refiner Says China's Oil Demand "Very Likely Peaked Last Year"](https://longbridge.com/en/news/296848568.md) - [Hisense Visual Technology: Net profit rose 13.23% YoY on strong high-end and large-screen product growth](https://longbridge.com/en/news/296887014.md) - [Hangcha Group: Revenue and profit rose over 8% year-over-year, with robust growth in new energy and global markets](https://longbridge.com/en/news/296900819.md) - [Alibaba completes HK$80 billion unregistered Hong Kong share placement at HK$112.7 per share](https://longbridge.com/en/news/297031604.md) - [LB Group : Revenue up 8.15% but net profit down 39.08% amid cost pressures and major share buyback](https://longbridge.com/en/news/297034690.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**