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India bid to boost exports of urea market good reproduction
Source:China fertilizer   Time:2014-09-24   Read:635second  
The September 17th India MMTC tender result is announced, the lowest quotation from Bary Chem CFR $302.77 / ton, equivalent to Chinese FOB283 dollars / ton, the price lower than the previous market expectations, the domestic traders and enterprises also pay more attention to whether or not to accept the. And last week to the lowest price of Nitrogen Fertilizer Association conducted a survey of Bary Chem company, on the 19 day a Bary Chem company on nitrogen CO "protest letter" also reflects the traders for the Urea Export urgent attitude. On the day, give response to nitrogen fertilizer association and Yu Chengqing. Other traders bidding results in bid price in CFR308-312 dollars / ton, according to the CIF price projections China FOB prices in 288-290 dollars / ton, equivalent to the domestic to Hong Kong price 1670 yuan / ton, equivalent to the ex factory price 1550-1590 yuan / ton. This price can basically and now the mainstream of domestic price standards, market industry temporarily can accept, continued weakness in domestic circumstances, exports bring a good support to the market. Since July, the domestic market demand of urea into the off-season. Although the middle of summer fertilizer demand, but the domestic market is not ideal, most parts of the country there is no price in the city. While in August the export good strong support, the size of the domestic grain prices rose sharply to 100 or even 200 yuan / ton, the market rose steadily. The visible market demand in the off-season, urea exports market is very important. At present the domestic North also gradual fall of preparing fertilizer period, but the overall situation is not ideal. Affected by the weather and continuous overcast and rainy weather, agricultural market shipment stalemate, downstream distributors cautious wait-and-see, agriculture is still stagnant demand. Industry, at present the compound fertilizer market wait-and-see atmosphere heavier, market guidance is unknown, the latter part of the market or relaxed down, present complex Hefei plant is on-demand procurement even with the volume decreasing trend from. Domestic demand is still dull, only rely on exports to rescue the market. India bidding price announced, some enterprises have connected with export orders, for the current market has driven a supporting role. With the North China, East China and other places the weather gradually clear up, the downstream demand is increased in the early agricultural. Corn harvest, some dealers began preparing the fertilizer sowing of wheat, boost exports and domestic demand has increased, some manufacturers offer a tentative rose slightly. But given the current Hong Kong stock of larger, autumn fertilizer demand for small features, the majority of dealers on the market is still cautious psychological, not rashly substantial take goods off. Overall, although the current market prices slightly weak, but exports are still the main force to promote the domestic market better. Before the domestic urea market will not appear too much adjustment, the overall stability oriented, local prices or slightly upward. Expected after October, exports are still the main support of the domestic market.
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