China compound fertilizer output to reach 57.11 mln tonnes in 2026

China's compound fertilizer market faces oversupply in 2026. OilChem forecasts output at 57.11 million tonnes, down 1.27 million tonnes YoY, with utilization at 36%. Export challenges and stable domestic demand maintain loose balance, pressuring prices. Monitor seasonal demand peaks and extreme weather.

China's compound fertilizer output is forecasted at 57.11 million tonnes in 2026, down by 1.27 million tonnes year-on-year. Meanwhile, capacity utilization rate will follow seasonal patterns, and the overall supply-demand balance is expected to remain loose. China Compound Fertilizer Output, 2024-2026E (Unit: '000 tonnes) Source: OilChem In 2026, China's cultivated land protection