Urea: This week urea price declines. Moreover due to agricultural cycle demands, there are little positive factors to support urea market. In addition, most of compound fertilizer enterprises hold wait – and – see and game attitude towards raw material purchasing, thus most of them only buy goods based on their demands. While in NC and EC fertilizer demands are weak, some factories hold a new round price – promotion; in NE, SW, Guangdong and Guangxi Agro – area urea price declines slightly. In short, it predicted that domestic urea price will continue decline. (Figure 1)
 
DAP: This week DAP market is stable, and most of factories began shifting their focus to export market. In addition, large – scale enterprises export grim is well with stable goods congregation. In later domestic consuming ability will become weaker and weaker. Thus it predicted that at present DAP price will still keep stable. (Figure 2)











From “China Fertilizer Market Weekly Report”