According to customs statistics, in the first three quarters of China's imports of fertilizers 3.447 million tons, worth 1.75 billion U.S. dollars, compared with same period last year (the same below) decreased by 24.7%, and 27.3% respectively. Imports were mainly the following features:
A general trade imports into the more than 6. Prior three quarters, our way of general trade, import of fertilizers 2.366 million tons, down 17.3%, accounting for the same period China's total imports, 68.6% chemical fertilizers; to a bonded warehouse entry and exit of goods the importation of 702,000 tons, an increase of 1.3 times, accounting for 20.4%.
2, Russia, Belarus and the European Union as the main source of imports. The first 3 quarters, China's imports from Russia and Belarus, respectively, fertilizer 1.361 million tons and 56 million tons, respectively, a decrease of 35.3% and 3%; from the European Union imports of 394,000 tons, an increase of 49.9%. Since these three markets accounted for the same period total imports of chemical fertilizer in China 67.1% of total imports.
Third, the main state-owned enterprises for imports. The first 3 quarters, China's state-owned enterprises imported fertilizers 1.629 million tons, down 27%, accounting for the same period the total of China's fertilizer imports 47.2%; the same period, collective enterprises imported 1.019 million tons, an increase of 22%, accounting for 29.6%.
4, KCl is still the largest imported varieties. The first 3 quarters, China's imports of potassium chloride 1.84 million tons, down 51.5%, accounting for the same period the total amount of China's fertilizer imports 53.4%. In addition, the import of nitrogen, phosphorus and potassium fertilizer 1.029 million tons, an increase of 1.4 times.
For a long time China's dependence on imports to make up for lack of domestic potash resources, but with the development and utilization of domestic resources as well as overseas production base under construction, import dependence is gradually reduced, and this year in the application of the domestic fertilizer sales season is far lower than expected , domestic potash fertilizer relatively insufficient effective demand, it is estimated the current domestic potash inventories are still more than 4 million tons. In addition, the negotiations to start later this year, imports of potash, has not yet been able to achieve substantial results. India and international supplier of pre-signed the contract price of 460 U.S. dollars per tonne on the international market have a profound impact on potash pricing.
Despite sluggish domestic demand continued to be beneficial to our negotiations, "chips", but rely heavily on imports of domestic potash fertilizer in the short term the situation will not completely change, once the stock of domestic potash fertilizer to the process is over, the situation of shortage of domestic resources under the control of contract price of the initiative is still more difficult. (Meng-han)