Nitrogen Industry’s Performance in 2012

By CnAgri2013-03-01 15:35:11 Print The producer’s urea price averaged RMB2,150/MT in 2012. The nitrogen industry realized a profit of more than RMB10 billion during January ~ September last year, suggesting a rapid growth of profit. But nitrogen producers’ average profit level stayed low and a large proportion of producers were in the red. Nitrogen producers’ financial management expenses were too much.
 
Nitrogen market looks promising in 2013. The farmers’ demand for nitrogen is predicted to reach 39.5 million MT. Urea export tax during the domestic off-season of consumption will be reduced to 2% this year from last year’s 7%, conducive to exports.

From “China Fertilizer Market Weekly Report”