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State Customs latest export data released in November China exported 896,000 tons of urea. This data is alarming. As from November 1, China's exports have performed 110% urea high tariffs, according to the normal situation is not much exports, but exports did in fact hit a new high this year, monthly exports, had the highest monthly export volume of 3 month to 53.6 million tons. This is the middle of the customs statistics lag reasons, some end of October to complete the export of urea may be the compilation of statistics is calculated in November, but the more important reason is that after a large number of urea into the Free Trade Zone, November international urea market conditions better, resulting in significant increase in exports.
December, the international urea prices fell sharply, the current small particles of urea FOB Baltic Sea has dropped to 290 ~ 310 U.S. dollars / ton, the price with the price difference between China's domestic urea, urea re-export of China is unlikely that China is expected in December urea exports will decline. Overall, urea export tariffs on the one hand, but mainly depends on the international and domestic price of urea has spread, so long as the international price of urea is high, then even if the tariff is high, there are always people will be exported through a variety of methods, lower international prices , and will really discourage exports.
Our monthly production of 490 million tons of urea, urea exports in November, up 896,000 tons, plus a large number of small November packaging urea exports, total exports of urea is expected to exceed 100 million tons, equivalent to approximately 20% of the urea exports, if coupled through Guangxi, Yunnan border even more exports of urea, which is the price of urea is difficult to support an important cause of decline. (Trees)
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