Chinese fertilizer network data show that by the end of last week, China's Yantai, Qingdao and other major ports of the total amount of urea in Hong Kong is about 1 million 42 thousand and 474 tons, the end of April on the occasion of the total Hong Kong stock approximately 1 million 313 thousand tons, with bid to India from Hong Kong and other low-priced urea has a small amount of exports, Hong Kong Deposit is only diminished, and part of the goods store the time may have been over 3 months. The early Chinese urea enterprises to reduce domestic competition pressure and will be sent to the port of urea price, while the international price improvement plan to stay 2017 India tender occasion took the opportunity to export, but the international part of new urea capacity gradually release, competition, now it seems that small Cui overdraft positive to the bad, has been in two aspects threatening domestic urea market.
The threat of restricting domestic urea prices due to late April part of urea enterprises once again facing cost pressures, many enterprises or normal maintenance or for preparing for the next round of demand and gradually discontinued, and part of the market speculation reduced coal supplies, The Belt and Road "and the environmental protection inspection and so on, the price of urea has continued significantly upward, which the 26 day Linyi goods price up to 1620 yuan / ton. Then the port in the "priority" principle, to urea goods import and export prices rise, the return rate is also faster, which was a port of Hong Kong Deposit is about 136 thousand tons of urea in the fastest speed up to 2 thousand tons / day, and the data show that the port of Hong Kong is only about 80 thousand tons of urea. Visible, obvious effect. Although the main reason for the decline in the latter stage of the price decline is still domestic demand downturn, but this round of port urea reflux also really caused more pressure to the domestic market. At present, the urea port can be compared to a 1 million tons inventory of manufacturers, both domestic and foreign, are port, urea destination. Recently, the price of urea has dropped slightly due to the low operating rate, and 110 thousand tons of the Yantai port and the Middle East imported urea have also begun to be sold in China. The price of urea will continue to rebound, and the pressure on the port should be considered.
Two threats prevent domestic urea export first over the years in China's biggest exporter of urea in India this year, two Indian goods tender urea has ended, China's urea goods in international competition can suffer a big (two bid total only about 180 thousand tons, far below the previous ranging from 40-50 million, more than 1 million the number of tons), and at the same time and India plan pointed out that the next five years, will try to achieve zero urea imports; look over China's urea export destination for the top five countries in the United States, it is reported that the United States Agrium company is located in the Berg area of Texas, the annual production capacity of 610 thousand tons of urea is expected new capacity will be put into operation by the end of the second quarter, Weaver in Iowa fertilizer equipment will also be out of urea and ammonium nitrate solution at the end of the second quarter. Therefore, the main destination of China's urea export countries have begun to reduce imports of urea, while the Middle East and other low cost urea will continue to weaken China's Urea Export competitiveness, the new trend of the port must re-examine the goods for export of urea, the domestic urea enterprises should be more cautious, and in the premise of Hong Kong Deposit slightly high, estimated export distributors should be part of the Hong Kong deposit through the exit or return after consumption will choose some of the low price of new goods purchasing.
Finally, should face more pressure in the future of our country and the current high urea export port deposit but also threatening the domestic urea market at the same time, urea downstream industry sustained environmental pressure and agricultural needs doldrums, cancel the preferential policies in the premise of fertilizer to the past three years under the urea enterprise cost high, domestic urea manufacturers will face more pressure.