Urea prices, I believe it is cost-push factors, after all, and per kWh compared to electricity last year, up 6 points, coal each company rose 67.8 yuan per ton. 1-4 months, the urea price rose about 13 percent, the cost of urea increased by an average of about 15%. Personally believe that in the Indian tender, the market prices of urea in mid-May may fall. Although the urea industry in the state of production and sales, but the second half of the urea industry of the day and will not be very good too. Theoretically, if the price of urea soaring coal prices should be soaring, but I have not seen the upward trend of coal prices. 

Reporter: April 23, Shanxi Coal organization owned enterprises held a market analysis that early continuous rise in urea market risk, requiring enterprises to stabilize market prices, currently running, how? 

Wang Yi: Shanxi Coal annual urea production in about 10 million tons from January to April this year, plans to produce 3,663,500 tons of urea, the actual completion of the production of 3.7405 million tons, 102% of the plan. Seminar on April 23, Shanxi Coal organize the 21 fertilizer production enterprises held in Guiyang City, the fertilizer market situation, we agreed that rising the price of urea has increased post-market risk, to maintain the proper stability of the price of urea countries, manufacturers are favorable. Therefore, we propose that all enterprises to stabilize the current price can not be false prices, imaginary numbers not do any good for business. In fact, the urea market to maintain the current production and sales situation is due to stable industry policy for the development of enterprises is not easy. They were able to stabilize the price is more favorable for the development of enterprises, unwise to chase and false price is bound to be to increase the risk of market. From the current point of view, the enactment of certain measures, all enterprises and the implementation of relatively good, there is no random false prices. 

Reporter: Do you think the urea prices are cost driven? There are other reasons? 

Wang Yi: For the prices, I consider that there are cost-push factors, after all, and every degree compared to electricity last year, up 6 points, coal each company rose 67.8 yuan per ton. 1-4 months, the urea price rose about 13 percent, the cost of urea increased by an average of about 15%. 

The other reasons are mainly the following three aspects: First, the offer unrealistically high, from the current market point of view, although the offer is higher, but not much real implementation of the high turnover of enterprises; industrial demand, especially demand for real estate centralized purchasing also to some extent after the push pull prices. Third, the centralized procurement of fertilizer companies. It is due to the concentration superposition of procurement, which leads to the price artificially high, in fact, the real transaction price is not high, statistics, our business from January to April, the average ex-factory price 2150 yuan / ton. 

Reporter: At present in the agricultural off-season agricultural fertilizer, urea prices have been at a high level, due to the current price market volume is not large, do you think the urea market outlook, how prices will change? 

Wang Yi: I personally believe in the Indian tender, the market prices of urea may fall, especially in the recent international crude oil prices fell below $ 100 / barrel drop in oil prices may result in urea prices to fall. 

Although the urea industry in the state of production and sales, but I think the second half of the urea industry days and not very good. Theoretically, if the price of urea soaring coal prices should be soaring, but I have not seen the upward trend of coal prices. We will develop appropriate measures to strictly control the internal corporate casual unrealistically high offer, we do not want the enterprise bustling saw a price rise of the play, but in the end is also declining, the current market situation hard to come by Jin Coal under the unique conditions last year, the urea corporate profit margins less than 4%, for enterprises and the industry's long-term stable and healthy development of our business should be to fulfill certain social responsibilities, to stabilize the market, price stability, a stable policy purpose.