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Fertilizer Price Trends This Week

China Agriculture Report By CnAgri2013-05-24 11:32:29China Agriculture Report Print
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Urea: in general, urea market went stable this week. With weak demand, urea turnovers went sluggish and prices declined in some areas. As most manufacturers adjusted operating rate and made equipment maintenance recently, growth rate of spot storage in market declined. Plus medium and small-sized dealers in some areas had small amounts of storage, so declining rate of urea price slowed down significantly. With comprehensive consideration, the gloomy market trend shall go on and potential demand is not great, which does limited help to price increase. (Figure 1)
 
ABC: average price of ABC kept at RMB700/MT with no big fluctuation. (Figure 2)
 
DAP: domestic DAP market went weak gradually and both export price and domestic sales price kept at low level influenced by low international price. DAP sale has been basically over in NE and turned to small scale markets in NC. Dealers also stocked less influenced by sluggish export expectation of manufacturers. As for manufacturers, they still focused on ports collection. The condition was not optimistic of both orders signing and price. (Figure 3)
 
NPK: NPK market still went sluggish this week quotations from factories kept stable with decline. As prices for raw materials like urea, ammonium chloride and ammonium sulfate continued declining, dealers generally predicted NPK market would go weak and were cautious and unwilling to stock. For coming period, NPK market shall keep gloomy. (Figure 4)
 
MOP: MOP market continued with gloomy trend this week and prices still went down in some areas but with limited ranges. As for MOP import, it transactions were still few. In terms of board trade, transactions went steady with no new price. Terminal demand saw no significant recovery was the main reason for low prices. (Figure 5)
 
SOP: It is slack season for SOP from May to July. Only few new orders were made in markets, but the quotation kept stable. It is predicted SOP shall continue with the gloomy trend. (Figure 6)



From “China Fertilizer Market Weekly Report
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