Compound fertilizer sales into the off-season in June. Market demand, corn, rice and other crops with fertilizer only a small amount of replenishment is expected. Raw material prices continued to decline, the lack of support for the cost of compound fertilizer, the price fell 50 ~ 100 yuan (ton price, the same below). Once again the impact of the downturn in the market price, but also to the autumn market foreshadowed.
Demand weakened pull low prices. North China one after another into the wheat harvest season, summer fertilizer soon, compound fertilizer terminal sales into the final stage, marketing basic ending. As demand weakened, slow inventory digestion, more companies to stop production and maintenance, the overall device operating rate continues to decline. Since May, the summer market in demand and prices are sluggish performance. There are many reasons: the impact of raw materials, compound fertilizer prices in the spring showed a slow decline in the situation, lack of market confidence. Corn storage policy reform, the enthusiasm of farmers to plant corn affected summer sowing corn fertilizer demand postponed and reduction, decline trend difficult to stop.
The raw material price weakness triggered. Since May, the upstream raw material prices have continued to decline, unable to support the cost of compound fertilizer. To the beginning of 6, this state continues to deteriorate, resulting in a decline in the price of compound fertilizer. Urea fluctuated downward trend, Shandong mainstream clinch a deal valence 1290 yuan; available potassium chloride to keep the prices down, China's potash fertilizer is fed aggregators, 60% potassium chloride to station price from 1980 to 2000 yuan; ammonium market overall decline, northeast transactions down to 1680 ~ 1700 yuan. Compared with the same period last year, all kinds of raw materials fell by about 400 yuan.
Competing goods, diammonium glycyrrhizinate continue vulnerable to run, at present main producing areas in Hubei 64% diammonium factory price 2300 ~ 2350 yuan, North China mainstream station quote 2400 ~ 2450 yuan.
Actively preparing for the fall market. With the end of the summer market, compound fertilizer utilization rate will fall to lower levels, sales ended, manufacturers will strengthen agrochemical service maintenance market. In accordance with the normal progress, in late June there will be companies continue to prepare fertilizer, collection policy is expected to be introduced in July.
May 26th, the international composite fertilizer prices rose in part. CIF, Southeast Asia bulk 48% compound fertilizer 350 to 370 U.S. dollars; China 48% compound fertilizer 350 to 360 U.S. dollars; India bulk 62% compound fertilizer (n, P, K 10%-26%-26%) 300 to 315 U.S. dollars, up 13 U.S. dollars. Baltic Sea bulk 48% compound fertilizer FOB price of $260 to $300.