Fertilizer Price Trend last Week

By CnAgri2014-01-14 09:50:31 Print 　Urea: after New Year, urea price saw weak consolidation with slack demand. Urea price fluctuated within narrow ranges in Shandong and Hebei and major demand still came from NPK manufacturers. With low operating rate and few new orders, quotation began to loose by some manufacturers. Supported by tight gas supply, urea quotation still kept high in SW.  In NE, the price kept stable in general and was only increased by some manufacturers in Heilongjiang. Reserve in slack season has been finished 50-60% in downstream market in NE. Since  reserve large sized dealers has not started and new customs policy has not brought favors, domestic urea market shall keep weak. (Figure 1)
　　
    ABC: ABC market remained stable with basically unchanged retail price. (Figure 2)

　DAP: DAP market went stable this week. Arrivals kept increasing but most goods were in large dealers. According to preliminary statistics, market arrival is better than usual, which reaches about 50% in NE and NW. With Spring Festival coming, operating rate saw slight decline but kept stable generally. Railway transportation was busy in some areas, plus with railway freight increase, manufacturers had pressure of delivering. Sulfur and synthetic ammonia prices continue rising, which increased DAP costs. So DAP price is predicted to increase slightly later. (Figure 3)
　
    NPK: NPK market went well in general. With storage season coming and stability of raw material prices, dealers were positive in purchasing, which promoted increase of operating rate and large manufacturers produced with full capacity. (Figure 4)
　　
    MOP:  domestic MOP market remained as tepid as the week before New Year. Big contract price of Uralkali company has not been published, so MOP buyers are waiting and seeing. With recovery of NPK production, demand for MOP also increases correspondingly. But MOP market still lacks favorable factors in general.  In international market, Asian potassium market is negative and waits for Chinese big contract price coming out. Arrivals in border trade resumed normal but demand was still not strong.  Prices for both imported MOP and domestic MOP kept stable this week. (Figure 5)
　　　
    SOP: SOP price kept stable currently. Many manufacturers maintained normal production to fulfill orders. Stocks were not high. SOP price shall remain stable in future.  (Figure 6)




From “China Fertilizer Market Weekly Report”