Fertilizer Industry’s Performance in January ~ June

By CnAgri2013-09-10 11:12:19 Print Fertilizer price went downhill in the first half of this year, plunging fertilizer producers in difficulties. Causes behind this included excessive productive capacity, soft demand, raw material price decline, international fertilizer price slump, etc.
 
Twenty-five companies listed in the stock market realized an average net profit of RMB52.195 million each, a slip of 61% on the year-on-year basis. Eight companies were in the red, with Yuntianhua suffering a loss as much as RMB526 million.
 
Of the stock-listed companies, Shandong Kingenta, Shandong Stanley, Shenzhen Batian and Luxi Chemical enjoyed a profit increase on the year-on-year basis, thanks to their good control of product price against the backdrop of a sluggish market. Henan Xinlianxin Fertilizer Co., Ltd., listed in Hong Kong and Singapore, enjoyed a profit of RMB190 million in the first half of this year, up 8.9% on the year-on-year basis.
 
Kingenta, Stanley and Batian are NPK producers and Xinlianxin is a urea producer.

From “China Fertilizer Market Weekly Report”