The latest data released by the National Bureau of statistics show that the first quarter of this year China produced a total of 14 million 931 thousand tons of urea (physical volume, the same below), over the same period last year was 18 million 849 thousand tons, down 3 million 918 thousand tons, a decline of 20.8%, a decline in recent years the most.
From the specific situation of the provinces to see, in addition to Sichuan, Hainan, Qinghai and other provinces have increased production, the vast majority of the province's output was down trend. Urea production in the province, Shanxi fell 13.4%, Henan fell by 14.9%, Shandong fell by 18.4%, Inner Mongolia fell by 26.8%, fell by 23.9%. Non major production provinces, Jilin, Zhejiang production decline is more than 70%. Hunan last year, there are 103 thousand tons of urea production in the first quarter of this year, manufacturers all discontinued.
However, although a large decline in urea production, the impact of the spring market is not large, the market is not out of stock. The main reason is that this year, China's urea exports also fell sharply, more urea in the domestic market. According to Chinese customs statistics, in the first quarter of this year, China exported 1 million 241 thousand tons of urea, the same period last year was 2 million 960 thousand tons, down by 1 million 719 thousand tons, a decline of up to 58.1%. In addition, with the implementation of zero growth policy, the domestic demand for urea is also declining.