Tri Calcium Phosphate markets were newly stable through September 2025, with prices higher, driven by supply disruptions due to logistical delays in China and ongoing U.S. import demand from animal feed and pharmaceutical companies. The main supply risks stemmed from Super Typhoon Ragasa impact on coastal ports and the heightening of delays during the holiday of Golden Week, both of which limited Tri Calcium Phosphate availability. In terms of demand, strong livestock recovery and food fortification continued to increase their uptake of feed products; however, uncertainty surrounding U.S. tariffs to import Tri Calcium Phosphate into the U.S. has caused companies to stockpile. The weaker domestic consumption in China, evident given the manufacturing indexes was at 51.2, suggests substantial export reliance, while input cost inflation due to weather-related raw material shortages supported the price floor for Tri Calcium Phosphate. All these factors lead us to forecast steady gains for the Tri Calcium Phosphate market, with steady upward growth in the near-term absent escalation of trade tensions.
