I. Sulfuric acid prices keep rising, pressuring phosphate fertilizer producers. Rumors say China may suspend its exports (over 40% of global output) from May, aiming to stabilize domestic supply, though no official notice exists; phosphate fertilizer costs will remain high short-term. II. China’s Q1 2026 fertilizer trade booms: exports 8.162mt (+14.1% YoY), imports 5.001mt (+30.5% YoY), with March average CIF import price USD 375.49/ton. III. Three major institutions warn fue

Phosphate fertilizer costs remain elevated, driven primarily by the sharp rise in sulfur prices. Both Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) markets continue to hold firm at high levels.