May 20 News According to China Customs statistics, China exported a total of 3.24 million tons of various fertilizers in April. Among them, urea exports were 15,000 tons, ammonium sulfate 1.79 million tons, diammonium phosphate (DAP) had zero exports, and monoammonium phosphate (MAP) exports were 500 tons.

Chempricehub Commentary on Urea: Bullish/Bearish Rating: -1
Domestic urea exports in April were only 15,000 tons, falling short of export demand expectations and putting pressure on spot prices. In the futures market, as of May 19, 2026, the main contract for urea (U2609) closed down 22 CNY/ton, with open interest increasing by 9,327 lots from the previous trading day, indicating strong bearish momentum and a bearish price outlook.

Monoammonium Phosphate (MAP): Bullish/Bearish Rating: -1
Domestic MAP exports in April were merely 500 tons, reflecting sluggish export demand that exerts downward pressure on spot prices, leading to a bearish price assessment.

Ammonium Sulfate: Bullish/Bearish Rating: +1
Domestic ammonium sulfate exports in April reached 1.79 million tons, accounting for over half of the total fertilizer exports for the month. Favorable export demand supports spot prices, resulting in a bullish price outlook.

Fertilizers (Overall): Bullish/Bearish Rating: 0
Total domestic fertilizer exports in April stood at 3.24 million tons, with notable divergence among product categories. Ammonium sulfate demonstrated strong export performance, while urea and MAP exports remained sluggish. The overall impact on the fertilizer sector is neutral, with price trends varying across different products.