[SMM Analysis: China's Phosphate Ore Imports Increased MoM in June; Egypt's Share Plunged as Substitute Supplies from Jordan, Morocco, etc. Surged] July 20, 2026, sourced from customs data. In June 2026, China's phosphate ore imports were 137,000 mt, edging up 4.5% MoM from 131,000 mt in May. Total import value was $12.567 million, up 2.8% MoM. The average import unit price was $91.5/mt, edging down 1.7% from $93.0/mt in May.

[Phosphorus Chemicals: June 2026 Phosphate Ore Exports Up 58.3% MoM, Yunnan and Fujian as Main Contributors] Customs data showed that in June 2026, China's phosphate ore exports totaled 51,000 mt, up 58.3% MoM. By province, Yunnan exported 34,000 mt in June (no exports in May), serving as the main source of growth; Fujian exported 17,000 mt in June, up 158.5% MoM; Guizhou and Hubei had no exports in June. Driven by heightened expectations for domestic phosphate ore winter stockpiling and a concentrated surge in demand for iron phosphate in the new energy industry chain, China's phosphate ore supply and demand remained tight. The concentrated release of exports in June was mainly driven by the delivery of previous orders, and attention should be paid to changes in the pace of exports in Q3.

[Phosphate Chemicals: China's Phosphate Ore Imports Edge Up MoM in June, Zhejiang Imports Surge Nearly 89 Times] July 20, 2026, according to customs data, in June 2026, China's phosphate ore imports amounted to 137,000 mt, edging up 4.5% MoM from 131,000 mt in May. Total import value was $12.567 million, up 2.8% MoM. The average import unit price was $91.5/mt, edging down 1.7% from $93.0/mt in May.

On the evening of July 18, Easpring released its performance forecast for the first half of 2026. For the period from January 1 to June 30, 2026, the company expects its net profit attributable to shareholders of the listed company to reach between 480 million yuan and 530 million yuan, representing a year-on-year increase of 54.26% to 70.33%. Easpring attributed the significant performance improvement primarily to the company's ability to seize development opportunities in the power, energy storage, and consumer markets. With its technological leadership in phosphorus-based products, the company successfully secured positions in the large-scale energy storage and AIDC projects of leading global customers. The company also achieved rapid volume growth in lithium iron (manganese) phosphate products, with profitability continuing to improve. Meanwhile, new products such as solid-state materials, lithium-rich manganese-based materials, and sodium-ion battery cathode materials have continued to ramp up shipments to leading customers.

[SMM Molybdenum Analysis: Mainstream Mine Auction Prices Advanced Firmly, Molybdenum Market Advanced Firmly] SMM, July 15: Today, mainstream mines in China launched open auctions for molybdenum concentrates, with all rounds fully transacted at premiums. Futures prices rose steadily, with standout trading performance, breaking the traditional off-season weakness and showing a typical pattern of strong rally amid off-season and tight spot cargo supply.

[Phosphorus Chemical: Leading Manufacturer’s Thermal Process Phosphoric Acid EXW Price Lowered to 9,100 Yuan/mt] On July 15, 2026, a leading manufacturer adjusted its 85% thermal process phosphoric acid EXW price, reducing it to 9,100 yuan/mt. The sharp drop in yellow phosphorus prices shook the cost basis of thermal process phosphoric acid, leading to a “cost support collapse”; moreover, profit rebounds prompted some yellow phosphorus production units to resume production, increasing market supply, and the oversupply further intensified the decline in yellow phosphorus prices; the downward trend in sulfur market prices weakened the cost support for the competing 85% purified wet process phosphoric acid. On the demand side: the market was “priced but no sales”, and downstream procurement was sluggish: although prices fell, downstream enterprises generally held a wait-and-see sentiment of “rushing to buy amid continuous price rise and holding back amid price downturn”, resulting in very low purchasing enthusiasm and sluggish market trading. Previously, due to high prices, traditional industries resisted the high-priced thermal process acid.

[Phosphorus Chemical: Hubei Yihua’s Stake in Jiangjiadun Mining’s 1.5 Million mt Under Construction] On July 9, 2026, when responding to survey questions, Hubei Yihua stated that Jiangjiadun Mining (in which Yihua holds a 35% stake and Bangyi Times 65%) has an annual phosphate ore capacity of 1.8 million mt, with the eastern section, boasting an annual capacity of 1.5 million mt, currently under construction. Jiangjiadun’s western mining area has a capacity of 300,000 mt, and the eastern mining area, 1.5 million mt.

[SMM Analysis: Demand Drives Continuous Growth in Electrolyte Production in H1 2026, Prices in the Doldrums Due to Structural Disturbances in Raw Materials] According to SMM statistics, China's electrolyte production in H1 2026 was approximately 1.416 million mt, up about 56% YoY from H1 2025.

[Molybdenum Express] SMM, July 9 – On July 9, a mine in Jiangxi sold 192 mt of 40%-45% grade molybdenum concentrates (average copper 3.96%, phosphorus 0.072%) at a transaction price of 5,250 yuan/mtu (auction floor price 5,190 yuan/mtu); and 192 mt of 45-50% grade molybdenum concentrates (average copper 1.51%, phosphorus 0.082%) at a transaction price of 5,295 yuan/mtu (auction floor price 5,220 yuan/mtu). Payment terms: 35% cash, 65% acceptance.

In June 2026, the phosphorus chemical industry chain underwent a profound round of repricing under extreme cost pressures. Four keywords — "Surge, Hold, Strain, Expand" — capture the full-month landscape.