Guangda Securities: With the boost of export demand, China's exports of phosphate fertilizer are expected to gradually rebound.

Guangda Securities research report stated that, according to data from Bai Chuan Yingfu, in 2024, China's export volume of monoammonium phosphate and diammonium phosphate were 2.0047 million tons and 4.5632 million tons, respectively, a year-on-year decrease of 1.6% and 9.4%. Over the past 25 years, the export volume of monoammonium phosphate and diammonium phosphate in China has decreased significantly year-on-year. From January to April, China's export volume of monoammonium phosphate and diammonium phosphate were 75.3 thousand tons and 79.8 thousand tons, respectively, a year-on-year decrease of 75.7% and 85.3%. With the arrival of the export window period, driven by export demand, China's export volume of phosphate fertilizer is expected to gradually rise, and the corresponding phosphate fertilizer prices are expected to receive support or boost.