Urea massive exports in 2012 is the fact, we are more concerned about is: What will 2013 so a large number of export urea market what impact, it is related to the vital interests of manufacturing companies and each dealer. After the the urea a large number of export in 2010, creating the bull market of the 2011 year of urea. Of a large number of export in 2012 whether to also bring up the the 2013 urea bullish it?
2012 National urea exports reached 6.95 million tons, is the second highest in the history, especially in the off-season export outside the window period December urea export volume reached 1.658 million tons, breaking the single-month export highest. Window period why urea but also a large number of export?
It is understood that, in November and December last year, the urea plant also received a large number of export orders. Is not the only one possible: season exports, the execution of it is off-season export tariffs. If so, then the seasonal tariff policy of the country would be empty, not only upset the normal market order, and also raise the domestic price of urea, harm the interests of the farmers.
Chinese urea exports year 2010 the year reached 7.01 million tons, which exported 2.95 million tons of urea in November and December, the export tariff policy is to perform on October 16 to December 31 7% low season tariffs, but then a lot of exports contributed to the reform of the the 2011 urea export window period: the urea export window period adjustment 7,8,9,10 four months.
2011 annual export urea 356 tons, exported 6.95 million tons of urea in the whole of 2012, a difference of 3.39 million tons, this set of figures show that urea social inventory brought forward from 2012 to 2013 than 2011, be carried forward to 2012 society with a significant drop in stock. Decline in the number is difficult to judge in the end, because urea production and consumption are no precise statistics. If we have a difference of 3.39 million tons as reduce the amount of carry-over, then, according to November 2012, domestic urea production increased by 500,000 tons per month compared to the same period last year calculation, this point is equivalent to 6 million tons new The annual production capacity. It takes seven months of production to make up for exports caused by the gap, to this point in time, we close the the urea export window period would begin to set in Hong Kong, shows that the 2013 urea compared to 2012 in the supply more tense status.
The first half of 2012 of urea is basically in a bull market, prices hit record highs, and 2013 appears to be a more favorable: the early tariff policy adjustments to stimulate urea prices are rising, the 2012 huge export volume will take over stimulate urea prices baton, 2013 bullish or urea will further expand.