Shanghai and Shenzhen stock involves a total of fertilizer -related 20 last week, stocks rose in price realization has eight , they are: Huaneng Power ( 4.00% ) , Salt Lake shares ( 3.28% ) , the sky ( 2.91% ) , Luxi Chemical ( 2.73% ) , six chemicals ( 2.68% ) , Hing fat Group ( 1.95% ) , Sichuan Meifeng ( 1.74% ) and Hubei Yihua ( 1.64% ) .

From the perspective of capital flows , although the overall mediocre fertilizer stocks last week , but there are still nine stocks gained during the main market of all ages, to achieve a net inflow of large single capital . Specifically, these nine stocks are: Luxi Chemical ( 49,284,100 yuan ) , Salt Lake shares ( 13,598,900 yuan ) , six chemicals ( 11,953,000 yuan ) , Hing Fat Group ( 8.101 million yuan ) , Sichuan Meifeng ( 3.3741 million yuan ) , Hubei Yihua ( 3.2604 million yuan ) , Chuanhuagufen ( 2.8726 million yuan ) , LTH ( 2,160,100 yuan ) and Yuntianhua ( 574,500 yuan ) .

From a valuation perspective , the fertilizer stocks lower earnings become one of the important reasons for its largest single funding recently received attention . Among them, Hubei Yihua ( 13.09 times ) , Huaneng Power ( 15.45 times ) , Salt Lake shares ( 19.91 times ) , Luxi Chemical ( 20.06 times ) , Guannonggufen ( 21.83 times ) , Sichuan Meifeng ( 23.40 times ) , etc. stocks the latest earnings (TTM) were less than 25 times, with a high margin of safety.

Liquidity , the turnover situation from last week , during which there are five stocks more than 10% of total turnover , they are: Hui Long shares ( 57.73% ) , Huaneng Power ( 14.36% ) , Sichuan America HSBC ( 11.69% ) , six chemicals ( 11.52% ) , Luxi Chemical ( 11.34% ) .

Fundamentals, According to statistics, in November 2013 average : Urea 1621 yuan / ton , down 17.04% , growth of 3.21% ; DAP 2650 yuan / ton , down 20.90% , a decrease of 6.17% ; chlorine potassium 2100 yuan / ton , down 26.52 percent , unchanged . October 2013 import and export volume ( physical quantity ) : 1,386,700 tons of nitrogen exports , down 13.84% , a decrease of 25.83% ; diammonium exports 629,000 tons , an increase of 34.68% , growth of 30.66% ; potash imports 269,700 tons , down 21.95% , a decrease of 1.16 percent .

Haitong Securities, said the price of urea rebound, the monthly average price in the ring after eight consecutive months of decline than it first appears qoq rise. Affected by the natural gas supply and gas companies operating rate fell head urea , urea prices rebound . In addition , domestic gas station price increases since July 10 . After rising gas prices , gas-based urea production costs increase , while the new gas-based urea production capacity pose significant constraints , the cost advantage of coal-based urea gradually. Natural gas price increases on coal-based urea enterprises to form long-term positive . Give the fertilizer industry "overweight" investment rating . Individual stocks, stocks of major concern include : Kim Tai , Huaneng Power upgrade .