PVFCCo Phú Mỹ reports nine-month 2026 output and sales above plan

PVFCCo – Phú Mỹ (DPM) reported estimated 9-month 2026 output of about 688 thousand tonnes of Phú Mỹ urea (105% of plan), nearly 160 thousand tonnes of NPK (115% of plan) and about 9.2 thousand tonnes of UFC85 (126% of plan). Total fertilizer sales reached over 1.21 million tonnes, 22% above plan, including nearly 163 thousand tonnes of urea exported. Chemical sales were over 99 thousand tonnes, 4% above plan, with commercial CO2 a standout product.

Key facts

Market context

Urea is a nitrogen fertilizer made by reacting ammonia with carbon dioxide, and it supplies much of the nitrogen used in global crop production, particularly cereals, sugarcane and industrial crops. NPK compounds blend nitrogen, phosphorus and potassium for balanced crop nutrition. Demand for these products tracks planting seasons, crop prices and farm incomes, while exports are shaped by regional import needs and freight costs. Producers' output depends heavily on natural gas feedstock, so gas prices and currency movements feed directly into margins. Commercial carbon dioxide, a by-product of ammonia and urea production, serves beverage carbonation, food processing, welding and cooling uses. Diesel exhaust fluid, a urea solution used in selective catalytic reduction systems, adds a further industrial outlet. When a producer runs above plan, it can add tonnes to regional urea and gas supply, which can ease tightness in some markets while leaving buyers exposed to feedstock cost swings.

Source: official release on dpm.vn. Summary and context written by Market Krystal.