Fertilizer Price Trends still Saw Weakness This Week

By CnAgri2013-03-29 11:04:08 Print Urea: With slow start of spring sowing in NE and NC, demand for urea saw no increase. Though some manufacturers lower quotes in the hope of increasing turnovers, basic dealers are still not eager but wait and see. Urea price saw decrease this week and is predicted to continue with the trend of fluctuation within narrow ranges. (Figure 1)
 
ABC: ABC retail price kept stable at RMB710Yuan/MT this week. (Figure 2)
 
DAP: The weak trend of DAP worsened this week. There were few new orders. Wholesale price saw certain decrease in all areas. Recently some DAP manufacturers have increased shipments to ports and it is predicted domestic DAP price shall see no rebound in short terms. (Figure 3)
 
NPK:  supported by market demand, NPK production and sales saw improvement this week. Quotes from most manufacturers kept steady and the operating rate of mainstream manufacturers has risen to 80%. Current NPK price keeps stable with fluctuation and is predicted to decline later if raw materials’ prices see no increase. (Figure 4)
 
MOP: Domestic MOP market trend was still not well and its price declined slightly. Operating rate of potash fertilizer manufacturers increased and market supply also increased correspondingly. Besides, turnovers of potash fertilizer in board trade went well. So the price kept low.  (Figure 5)
  
SOP: Demand from Shandong, Henan and Hebei was great and manufacturers had less sales pressure, but sales pace slowed down. Besides, with MOP price decreasing, price for SOP is predicted to stabilize in short terms. As for the long term trend, we should be cautious. (Figure 6)

From “China Fertilizer Market Weekly Report”