Fertilizer Price Trends Last Week

By CnAgri2013-08-19 15:12:16 Print Urea: affected by weak demand, high operating rate and declining coal price, urea price declined again, especially in NC and central plain areas and high price in SW and SC also declined. In slack season, turnover condition still went bad though some manufacturers took strategies like joint-marketing with dealers. It is predicted urea price shall keep adjusting at low level with weak demand at both home and abroad. (Figure 1)
 
ABC: ABC market remained stable with basically unchanged retail price. (Figure 2)
 
DAP: pressed by slack condition of both export and domestic sales, domestic DAP remained steady at low level this week. Operating rate of manufacturers decreased further more and kept at 60% in SW. With high level stocks of 3 million MT, DAP price is predicted to keep gloomy later.  (Figure 3)
 
NPK: Fall NPK price has been introduced. Downstream dealers are not active in paying. Fertilizer preparing stage is delayed and close to the using time. Dealers are now waiting and seeing since raw materials market went gloomy and fertilizer industry lacked market confidence. It is predicted NPK price shall keep declining. (Figure 4)
 
MOP: Domestic MOP market kept declining this week. Domestic MOP price was confused. Especially in Qinghai, price from some small plants saw decline continuously pressed by the downward trend. But QSLP was still produced with full capacity and delivery was also good. As for border trade, the price saw certain decline. MOP price in ports kept steady with few deliveries. It is rumored that Urals MOP made contracts with Sinoagri on red Russian MOP and Russian big particle MOP and the price was set at USD300/MT CFR. (Figure 5)
 
SOP: SOP market remained stable this week. SDIC Xinjiang Luobupo Potash Co., Ltd shall resume working in late August. SOP bidding of Yunnan Tobacco shall start on August 28th and the bidding quantities are more than 200000 MT, by when, SOP market will be boosted. (Figure 6)



From “China Fertilizer Market Weekly Report”