China's phosphate ore imports plunged 87% in July, hitting a new low in nearly three years, while exports fell to zero [SMM analysis]
[SMM Analysis: China's Phosphate Ore Imports Plunged 87% in July to a Near Three-Year Low, Exports Fell to Zero] In July 2026, China's phosphate ore imports totaled just 17,000 mt, plunging 87.3% MoM to a near three-year low, while exports fell to zero. The average import price was $84.5/mt, down 7.6% MoM. Among importing provinces, only Guangxi maintained imports of 14,000 mt, with all others dropping to zero. Egypt's import volume from the source country plunged 81%, while Kazakhstan saw marginal growth. After a surge in exports in June, they fell to zero in July, mainly due to order fulfillment completion, off-season demand, and regulatory policies. Imports are unlikely to rebound in the short term, with attention on winter stockpiling and export policy changes.