13.29 Billion was invested in Fertilizer Industry in China in May

By CnAgri2012-07-13 13:14:03 Print

The fertilizer industry completed fixed asset construction projects involving RMB13.29 billion investment in May, 23.1% more than the month before and 118.2% more than the same period of last year. The investment into fixed asset construction projects in the fertilizer industry totaled RMB40.31 billion in January ~ May, accounting for 16.9% of the year’s plan, up 23.1% but down 1% respectively on the year-on-year basis.

The nitrogen industry completed fixed asset construction involving RMB3.68 billion investment in May, up 95.2% on the year-on-year basis. The investment in other sub-industries of the fertilizer industry increased more than 100% respectively.

Compared with the same period of last year, the share of investment in the nitrogen industry shrank from 31.8% to 28.5% in May; The share of investment in the compound fertilizer industry shrank from 33.8% to 28.8%; But the share of investment in organic fertilizer industry expanded from 14.9% to 18%; The share of investment in other fertilizers (including humic acid fertilizer, amino acid fertilizer, biological bacteria fertilizer, etc.) expanded from 7.4% to 12.4%.

964 fertilizer projects were under construction in January ~ May, 3.2% more than the same period of last year. 256 projects were wound up and 498 kicked off in January ~ May, 2.7% less but 9.5% more than the same period of last year respectively. Of the newly launched projects, 63 were nitrogen projects, 11 less than the same period of last year.

The average scale of investment per project increased to RMB41.81 million in January ~ May from the RMB35.04 million per project in the same period of last year, up 19.3% on the year-on-year basis.

From "China Fertilizer Market Weekly Report"