Fertilizer Price Trend This Week

By CnAgri2013-03-01 15:36:54 Print UREA:  as urea price rose last week, turnovers in this week decreased and the price kept relatively stable with the slow start of spring plowing. It is predicted urea turnover will increase and the price will keep stable with increase with accretion of fertilizer demand when winter wheat is turning green in NC and rice planting areas are stocking fertilizer in SC. (Figure 1)
 
ABC: ABC retail price increased slightly to RMB700Yuan/MT. (Figure 2)
 
DAP: Though fertilizer using season is coming, procurement from basic market is not positive and dealers in downstream is also cautious. DAP price shall remain stable this week. With start of spring plowing and increase of freight by rails, DAP price is predicted to keep steady with increase. (Figure 3)
 
NPK:  this week NPK market is relatively stable and quotation from most enterprises has no big change. As re-processing product, both purchase of NPK raw materials and sales of NPK are influenced by railway tariff adjustment. In short terms, NPK price shall see no great increase. In the long run, however, the tariff adjustment will influence NPK production and quotation will rise by more and more enterprises. (Figure 4)
 
MOP: MOP market saw improvement this week. Domestic MOP price will not increase greatly with continuous production increase. Retail price of MOP kept at RMB2800/MT this week. (Figure 5)
  
SOP: SOP price kept stable at around RMB2050/MT this week. So far, SOP price trend is not clear. (Figure 6)

From “China Fertilizer Market Weekly Report”