Recently (May 15th -5 19), China's fertilizer wholesale price composite index rose slightly. In May 23rd Chinese fertilizer wholesale price index (CFCI) for 1904.03 points, up 5.50 points, or 0.29%; rose 77.39 points, or 4.24%; than the period fell 474.84 points, or 19.96%. In May 23rd China fertilizer retail price index (CCRI) for 2272.69 points, up 6.11 points, or 0.27%; fell 84.85 points, or 3.60%; than the period fell 174.01 points, or 7.11%.
Supply: urea enterprises overall operating rate fell slightly to 55%. Diammonium phosphate domestic enterprises operating rate dropped significantly to 40%, enterprises focused on production, maintenance. The potash market, Saline Lake group increase the preferential fed marketing inventory to downstream port digestion; potash supply; border potash less inventory. Compound fertilizer market overall operating rate remained stable at 40%.
Demand: the urea market is light and out of date in the north, and the demand for South market is still good. The industrial market is on demand and less in quantity. Phosphate fertilizer market demand, enterprise marketing mainly fed. Potassium fertilizer market, 60% potassium chloride large single arrival price of 1820 yuan / ton, compared with the previous down 180 yuan / ton, the price dropped significantly, so that downstream enterprises active procurement, the market turnover increased. The market of compound fertilizer is affected by lower planting enthusiasm and more rain in South China, and the progress of fertilizer preparation is slow, and the market turnover is less, and the low price is the main factor.
International market: urea market procurement increased, buyers from Egypt and Arabia Bay procurement of large granular urea, support international urea prices remain at FOB190 U. S. dollars / ton. The market price of phosphate fertilizer has been relaxed, and Pakistan has purchased 50 thousand tons of diammonium phosphate from China, with a transaction price of US $CFR360-365 / ton. The potash fertilizer market is stable and the actual turnover is limited.
Nitrogen fertilizer, urea market demand, enterprises operating rate is low, businesses very price will obviously, the recent India or will purchase, urea prices will mainly steady. P, the market downturn, business shutdowns increased, exports are still taking away prices, expected short-term price steady, long-term downside risks. Potash, the market demand is light, the basic level of the arrival of the volume continues to increase, the overall outlook is expected to stabilize prices. Compound fertilizer, weak demand, environmental pressures caused business continued to slump, is expected to stabilize prices in the latter stage.