Fertilizer Production in Jan. ~ Sept. 2013

By CnAgri2013-11-01 11:17:45 Print

China’s fertilizer production registered 55.578 million MT (nutrient, same below) in Jan. ~ Sept., including 38.41 million MT nitrogen, 13.584 million MT phosphorus and 3.54 million MT potassium, up 7.9%, 7.5%, 6.7% and 17.13% respectively on the year-on-year basis.
 
Nitrogen supply features a structural surplus and producers are struggling in difficulty. Domestic urea capacity is predicted to reach 80 million MT/year by the end of this year. Moreover, 18 urea projects, designed with a total capacity 12 million MT/year, are scheduled to wrapped in 2014 and 2015. On the other hand, domestic urea demand of various kinds is predicted to be only 67.3 million MT a year by 2015. Annual urea exports are predicted to be 3 ~ 7 million MT a year in the next few years. Worse, urea capacity is under rapid expansion in other countries, too. Chinese urea producers are expected to face greater competition.




From “China Livestock and Feed Market Weekly Report”