Fertilizer Price Kept Basically Stable This Week

By CnAgri2013-03-15 10:48:57 Print UREA:  urea price kept relatively stable this week and quotation declined in some areas. Influenced by weather condition, spring plowing was delayed. It is predicted urea price shall keep fluctuation. (Figure 1)
 
ABC: ABC retail price kept stable at RMB710Yuan/MT this week. (Figure 2)
 
DAP: DAP price kept stable this week. Manufacturers resume production successively, so supply gets more and more than demand. What’s more, DAP transportation also makes hiccups as lack of wagon in SW. Therefore, DAP price is hard to go up recently.  (Figure 3)
 
NPK:  this week NPK market is relatively stable and no crazy purchase was noted in NPK market. With the start of plowing, farmers will stock fertilizer gradually.  (Figure 4)
 
MOP: Domestic MOP manufacturers started production successively since March. Though supply increased, delivery was blocked by bad transportation. As for price, hit by board trade and imported MOP, domestic MOP price increase still lack power. (Figure 5) 
 
SOP: SOP stock was on the low side this week. Market conditions are improved and the price stayed stable. (Figure 6)

From “China Fertilizer Market Weekly Report”