Analysis of Fertilizer Price Trends on Jan. 17

By CnAgri2013-01-18 11:24:55 Print UREA:  Urea retail price kept increasing to RMB2235/MT this week, up 1.6% compared with last year. Main factory price in Mid-China and NC has been close to RMB2200/MT and price increase in NW and SW is also obvious. (Figure 1)
 
ABC: as for rapid rise earlier, this week ABC retail price is keeping stable at RMB700Yuan/MT, with the decline rate down of 5% compared with last year. (Figure 2)
 
DAP: This week DAP price kept stable with an average retail price of RMB3500/MT, up 3.7% compared with last year. Most enterprises is now dealing with previous orders. (Figure 3)
 
NPK: Driven by continuous increasing of urea price, overall trend of NPK market is good. Distributors are stocking goods now and some of them in SC have finished the first round of purchase. Factory quotation of 45% chlorine – based NPK is basically around RMB2300-2400/MT and 45% S-based compound fertilizer, RMB2580-2700/MT. (Figure 4)
 
MOP: retail price of MOP kept stable at RMB2950/MT this week with less demand. Quotation from border trade was stable and quotation from pork declined slightly. (Figure 5)
 
SOP: SOP retail price was around RMB3100-3150/MT this week, basically the same with early January. SOP price trend is generally similar with MOP.  (Figure 6)
 

From “China Fertilizer Market Weekly Report”