Continuous Gloomy Fertilizer Market

By CnAgri2013-05-17 11:24:34 Print Urea: urea price kept stable this week. Though urea price rose in some areas last week, it declined this week with little demand. Fertilizer storage has finished of terminal markets in NE and NC etc. With less and less demand and poor export situation, urea market trend is hard to see improvement. (Figure 1)
 
ABC: average price of ABC kept at RMB700/MT with no big fluctuation. (Figure 2)
 
DAP: though demand for DAP increased this week, the market is less boosted in general. DAP export is soon to start. Domestic DAP is now mainly collected at ports and most export orders are not finally set. Besides, DAP output is great in India and fertilizer subsidy decreases; in Saudi, output increases and in America, the demand is not high. Therefore, international market is competitive and the price is on the low side. It is predicted DAP price shall go down furthermore. (Figure 3)
 
NPK: with poor fertilizer condition and weak market demand, NPK market also went weak and the price was hard to rise. Fertilizer storage in summer has almost finished and raw materials price plays no effective supports to NPK, so it is predicted NPK price shall keep the downward trend. (Figure 4)
 
MOP: MOP price still declined this week and MOP stocks also reduced slowly. MOP sale has finished in NE and manufacturers in Qinghai have difficulties in selling. It is now the slack season for MOP sales and international market also sees decline. Therefore, it is predicted the gloomy trend of domestic MOP market shall go on for a long time though the space for price decrease is limited. (Figure 5)
 
SOP: SOP market behaved better than MOP this week and quotations from most manufacturers kept stable. It is predicted SOP market shall keep stable or decrease space shall be limited if the big economy environment does not worsen further more. (Figure 6)

From “China Fertilizer Market Weekly Report”