N-(n-Butyl)thiophosphoric Triamide

## Market Intelligence on N-Butylthiophosphoryltriamide (NBPT)

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I. Price Dynamics

| Time | Supplier/Platform | Quotation | Specification/Purity | Remarks |
|------|-------------|------|-----------|------|
| 2026-10-27 | Hubei Jusheng Technology Co., Ltd. | CNY 28/kg | Kilogram-level | MOQ ≥ 1 kg, shipped from Tianmen, Hubei |
| 2026-10-22 | Hubei Zhongyu Chemical Co., Ltd. | Price on inquiry | 99% purity | Total supply volume 5,128 kg, shipped from Wuhan |
| 2026-09-22 to 2026-10-08 | Suzhou Senfida Chemical Co., Ltd. | CNY 95,000/ton (CNY 95/kg) | 99% | Ex-works price incl. tax, delivered in Suzhou, Jiangsu; quotation stable |
| 2026-11-06/09/10 | SunSirs Benchmark Price | Specific value not disclosed | — | Price dynamics published for three consecutive days; model under adjustment |

**Price Assessment**: Current market quotations show significant variation. The low-end quotation (CNY 28/kg) is suspected to be a small-batch promotional price or a special channel price. Mainstream industrial-grade quotations are concentrated around CNY 95/kg (CNY 95,000/ton). SunSirs has updated its benchmark price for several consecutive days without disclosing specific figures, indicating that the market is in a phase of price observation or minor adjustment.

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II. Supply-Side Intelligence

- **Production Capacity Landscape**: Major domestic producers include Lianyungang Jinma Biotechnology (annual capacity of 4,000 tons), Jiujiang Woxin Chemical (annual capacity of 800 tons), Zhejiang Jinhui New Materials, Jiangxi Jixiang Pharmaceutical Chemical, and Wuwei Jincang Biotechnology. The industry is predominantly composed of small and medium-sized enterprises, resulting in low market concentration.
- **Supply Status**: The Hubei region (Tianmen, Wuhan) serves as the main source of supply. Multiple enterprises have spot goods available, with supply capabilities ranging from kilogram to ton levels.
- **Process Progress**: Domestic enterprises continue to optimize synthesis routes. The number of related invention patents has increased, including continuous preparation methods and integrated processing equipment, accelerating the pace of scaled production.

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III. Demand-Side Intelligence

- **Core Applications**: As an efficient and non-toxic soil urease inhibitor, it is primarily used in the fertilizer sector (formulated into compound fertilizers with urea). Secondary applications include feed additives.
- **Driving Factors**: Global agriculture's demand for improving nitrogen fertilizer utilization continues to grow. Environmental policies are driving the fertilizer industry's transition toward high-efficiency and non-toxic products, from which NBPT, as a key efficiency enhancer, benefits significantly.
- **Regional Characteristics**: Compared to major agricultural countries such as the United States, Brazil, and Canada, China's NBPT market size remains relatively small but holds prominent growth potential. China's importance in the global market continues to rise.

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IV. Market Size and Trends

| Indicator | Data |
|------|------|
| 2026 Global Market Size | USD 0.71 billion (approx. CNY 500 million) |
| 2033 Global Market Size Forecast | USD 0.75 billion |
| CAGR 2026–2033 | 0.79% |
| Alternative Basis (2024 Global) | Approx. CNY 450 million |
| CAGR 2025–2031 (Alternative Forecast) | 3.0% |

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V. Analysis and Judgment

1. **Short-term (1–3 months)**: The market is operating in a stable but slightly weak state. SunSirs has continuously published benchmark price dynamics without indicating a clear direction. Mainstream quotations remain around CNY 95/kg, while low-end quotations pull down the expected market average. Supply is sufficient, and demand has slowed due to the tail end of the autumn-winter fertilization season.
2. **Medium-term (3–6 months)**: As the spring planting and fertilizer preparation season approaches (Q1 2027), demand for NBPT as a urease inhibitor is expected to recover gradually. Optimization of domestic production processes and capacity release are likely to increase the proportion of high-quality products (98% purity). However, the competitive landscape dominated by small and medium-sized enterprises is unlikely to change in the short term, limiting upward price potential.
3. **Long-term (6–12 months)**: The global market is growing steadily, and the increasing share of the Chinese market is a certain trend. Policy-level promotion of fertilizer reduction and efficiency enhancement, as well as green agricultural development, will continue to benefit NBPT demand. However, attention must be paid to the cost-side transmission caused by price fluctuations in upstream raw materials (phosphorus chemicals, sulfur chemical raw materials).

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VI. Forecast

| Dimension | Judgment |
|------|------|
| Price Trend | Short-term consolidation (CNY 90–100/kg range); expected slight recovery to CNY 100–110/kg before spring planting |
| Supply Volume | Stable with slight increase; Hubei, Jiangsu, and Lianyungang are the main supply regions |
| Demand Volume | Significant seasonal fluctuation; Q1–Q2 is the demand peak season |
| Risk Warnings | ① Low-end low-price products disrupting market order; ② Price fluctuations in upstream phosphorus and sulfur raw materials; ③ Changes in the international trade environment affecting exports |