Gloomy Fertilizer Price Trend after Spring Plowing

By CnAgri2013-04-19 11:06:42 Print Urea:  With weak turnover condition, urea market continued with the gloomy trend this week. Many manufacturers are stressful and lower quotations. It is predicted the slack trend shall go on and the price is very likely to go below RMB2000/MT. (Figure 1)
 
ABC: ABC retail price declined slightly to RMB700Yuan/MT this week with the end of fertilizer using in spring. (Figure 2)
 
DAP: DAP market went stable this week. Manufacturers begin to make preparation for exports. International DAP price increase makes domestic manufacturers have more confidence in exports later. (Figure 3)
 
NPK:  Some manufacturers lower quotation because on the one hand, urea price saw obvious decline, which brought great blow to NPK market and on the other hand, demand decreased with the end of spring plowing. It is predicted manufacturers shall make new policy for summer fertilizer in late April and the price may be lowered by certain degrees. (Figure 4)
 
MOP: Mop price still went down this week with less demand and sale. Price for MOP at ports saw no big change and the overall turnover quantities were still not great. Manufacturers are now mainly waiting and seeing and destocking. Recently the arrival speed is slow at border trade. The goods of this month are predicted to arrive in mid-April gradually and are various. MOP price at board trade market is predicted to keep stable with less chance to rebound. (Figure 5)
 
SOP: The market trend of SOP was relatively good this week and quotations from different areas were stable. At the end of April, however, the price may go down with less demand. (Figure 6)



From “China Fertilizer Market Weekly Report”