2025 Phosphorus Chemical Industry Review and Outlook: Sulfur Costs Pose a Major Challenge, New Energy Boom Struggles to Offset Cost Pressure
In 2025, the phosphorus chemical industry exhibited several key characteristics: sulfur price shocks, firm ore prices, increased environmental protection pressure, and new energy under pressure. Phosphate ore prices fluctuated at highs, with enterprise profits exceeding 100%. Sulfur prices doubled, and import dependency reached 50%, driving up downstream costs. The new energy sector, particularly LFP, accounted for nearly 10% of phosphate ore consumption, becoming the core growth driver. Looking ahead to 2026, phosphorus resource prices are expected to remain firm, pressure on enterprises without mines will intensify, and the industry will accelerate integration toward the "phosphate ore-phosphoric acid-cathode material" chain. High-end and green transformation is imperative.