Investment in the Fertilizer Industry in October

By CnAgri2012-12-07 11:14:44 Print The fertilizer industry completed fixed asset construction projects involving RMB15.14 billion investment in October, down 1.8% from the month before but up 14.2% on the year-on-year basis. Specifically, the nitrogen, phosphorus, potassium and compound fertilizer industries completed projects involving RMB4.87 billion, RMB1.08 billion, RMB790 million and RMB4.39 billion investment respectively, up 3.5%, 71.9%, 42.1% and 7.7% respectively on the year-on-year basis. The organic fertilizer industry’s construction involved RMB2.18 billion investment, down 4.2% on the year-on-year basis.
 
Between January and October, RMB116.1 billion investment was spent on fixed asset construction projects in the fertilizer industry, up 15.3% on the year-on-year basis. While investment into fixed asset construction added 3.3% in the nitrogen industry in this period, the increase rate of investment in the phosphorus, potassium and organic fertilizer industries exceeded 20% respectively. Compared with the same period of last year, the nitrogen industry’s share of investment in the fertilizer industry dropped from 32.2% to 28.9%, the compound fertilizer industry’s share dropped from 30.1% to 29.3%, but the organic fertilizer industry’s share increased from 17.8% to 19.3% and the share of other fertilizers (humic acid, amino acid fertilizer, biofertilizer, etc.) increased from 9.3% to 10.9%.
 
1,672 projects were under construction in January ~ October, 0.8% more than the same period of last year. In this period, 769 were wound up and 1,175 were kicked off, 4% less but 6.1% more than the same period of last year respectively. Of the projects kicked off in January ~ October, 138 were nitrogen projects, a decrease of 15.3% on the year-on-year basis. The average sum of investment was RMB69.45 million/project, up 14.4% on the year-on-year basis. The average sum of investment per project in the phosphorus industry increased 26.7% on the year-on-year basis.

     

From “China Fertilizer Market Weekly Report”