Core Insights - The phosphate chemical market has experienced a "dual climate" since November 2025, with industrial-grade monoammonium phosphate (73% content) becoming the main focus, leading to a significant price increase [1] - The mainstream transaction price for industrial-grade monoammonium phosphate is currently stable at 6300-6600 yuan per ton, with some high-end quotes approaching 6500 yuan [1] - Other product categories, such as 55% powder ammonium and diammonium phosphate, have shown minimal price movement, indicating a divergence in market performance [1] Price Trends - The upward price trend is expected to continue in the short term, supported by stable sulfur prices and a demand growth rate exceeding 30% in the lithium iron phosphate industry [2] - The mainstream transaction price for industrial-grade monoammonium phosphate may potentially break through the 6600 yuan high [2] Key Variables to Monitor - Three critical variables need to be monitored for the medium to long term: 1. Improvement in raw material supply, particularly sulfur, which could alleviate cost pressures if international capacity is released or imports increase [2] 2. The demand growth rate in the renewable energy sector, which will directly influence the price ceiling [2] 3. Policy regulation trends that may emerge if price increases attract attention, potentially leading to measures aimed at stabilizing the market [2] Industry Recommendations - Companies in the industry should accurately grasp changes in demand structure, with downstream renewable energy firms encouraged to lock in long-term contracts to mitigate price increase risks [2] - Agricultural sector companies should manage inventory levels to cope with operational pressures arising from weak demand [2]