l  On August 25, the People’s Bank of China announced to reduce both deposit and lending benchmark rate by 0.25 percentage point, and to lower deposit reserve rate by 0.5 percentage point, which will be conducive to reduce social financing cost and support the real economy sustainable and healthy development.
 
l  Currently, the first draft of “Nitrogen Fertilizer Development Guidelines for The 13^th Five Years ” has been completed. The guideline refers that, by 2020, the total output of nitrogen fertilizer will be controlled in 61 million tons, and the capacity utilization ratio can rise up to 80% above; the capacity utilization ratio of synthetic ammonia adopting the anthracite will increase from 24% (currently) to 40% or so; The consumption of traditional elemental urea will decrease from 40 million tons to 20 million tons, and the reduced 20 million tons will be replaced by 10 million tons appreciation of urea and 10 million tons urea ammonium nitrate solution; The nitro compound fertilizer will be developed to 15 million tons. In short, this guideline points out the direction for large nitrogenous fertilizer enterprises’ transformation.




























From “China Fertilizer Market Weekly Report”