Last week, India and the United States PhoSChem reached50-70 million tons of diammonium glycyrrhizinate contract, price580 dollars / ton.

Recent domestic urea prices fall, Shandong area is actual transaction price of 2300 yuan / or so tons.

Domestic phosphate export window start, India large determined to support domestic prices. India as the world's largest fertilizer imports a country, its and the world's largest fertilizer export alliance signed price on the phosphate fertilizer market is full of significance of except off-season tariff, sea freight and port charges calculation,580 dollars / ton CIF corresponding domestic company factory price in the 3200 yuan / tons, with the current domestic ex-factory price keeps balance basically. The latter with phosphate export window period of domestic phosphate fertilizer will start, mainly to export, the price is expected to support future export price.

Domestic urea prices, the annual average price is still higher than last year. With the domestic fertilizer off-season, India orders the contract less than expected and high nitrogen compound fertilizer inventory digestion effect, recent urea prices fall. We think, the price adjustment did not break our prior expectations, namely this year than last year, greatly improve the fold. This year 1 to in May, domestic urea price than the last year has increased200 yuan / tons of worry to the middle of June, the domestic summer fertilizer started; India and Brazil, a new round of urea bidding started, is expected to be on the demand side to provide support for urea. At the same time, as far as we know, the downstream urea inventory is not big, once prices stabilize, s inventory demand is expected to be released quickly.

Recent domestic coal price glides, urea industry whole profit enhancement. The anthracite coal price appears bigger drop, Shanxi Yangquan anthracite washing block board price from last month1230 yuan / ton drop to1100 current yuan / ton of considering domestic half urea production capacity with anthracite as raw material, coal prices are expected to expand urea industry whole profit. ( a blue )