Last week, urea prices Roundup: Tariff dust settles , the market reaction lighter
Source: China Fertilizer Network Author: Pei Qin Time:2013-12-23 Read:625second
2014 fertilizer import and export tariff policy formally introduced at the beginning of the week , including urea aspects seasonal time same as last year , the off-season is from July to October , the peak season from January to June and November and December ; different tax rates to make a significant adjustment is , the ban on the export of last season into this year 's ad valorem situation , the tax rate is 15 % plus 40 yuan / ton, off-season from the amount of tax rate to 40 yuan / ton. Although the tariff policy obviously loose , but the domestic market has not made much reaction , weeks or even a steady decline in prices , investigate its reason in the following points : the problem of overcapacity , changes in market sentiment , and other objective factors, such as weather , food prices , macroeconomic and other issues. Although the first half of next year , fertilizer demand and time are more concentrated, but in the role of various factors , the demand for it appears blurred. Even in the export volume increases, the increase in production capacity is also considered to be its offset , so that after a tariff is expected to determine the market can only be stable to right. And although has entered into mid- December , the domestic market is still Dongchu tepid situation before without substantial grassroots demand , dealers dare inventory Moreover, the Spring Festival earlier this year , there are some years after the prepared fertilizer time , the market continued to show wait and see attitude , stalemate game between manufacturers continue to follow the situation in the market is not effective before the impact of positive factors , manufacturers can only transfer or kicked upstairs or to suck out single .
On the whole , in the context of overcapacity , the market is difficult to have a better atmosphere Dongchu improvement, preparedness tepid trend will continue into next month manure , and if the mainstream regional prices fell 1,600 yuan / ton when the upper and lower levels , the number of persons able to attract some of the margin call , to stabilize the current market, the latter can push the market you need to look at the impact of changes in international prices of export-led . Wu Yuan -li domestic urea prices this week, analysts expect the consolidation trend continues weak , companies cut prices again after the mainstream market will gradually stabilize.