Favorable and Bearish Factors Analysis of SOP Market

By CnAgri2013-09-05 11:07:30 Print SOP: SOP market is now favorable since supply is tight with low operating rate and demand is great in future with procurement for winter reserves and continuous bidding of tobacco companies. Unfavorable factors include that Yunnan Tobacco bid price is actually not high, low MOP price lowers down SOP price and big environment is still not good. Besides, some manufacturers concern that MOP imports will increase later. In comprehensive, SOP price is predicted to remain stable and if quotation from SDIC Xinjiang Luobupo Potash Co., Ltd increases, SOP price will be promoted high in some areas. But in the long term, SOP price is predicted to see no increase and even likely to decline.  (Figure 6)



From “China Fertilizer Market Weekly Report”