Recently (July 3rd -7 7), China's fertilizer wholesale price composite index fell slightly. In July 10th Chinese fertilizer wholesale price index (CFCI) for 1919.31 points, down 3.83 points, or 0.20%; rose 225.71 points, or 13.33%; than the period fell 459.56 points, or 19.32%; July 10th Chinese fertilizer retail price index (CCRI) for 2280.71 points, up 14.68 points, or 0.65%; a drop of 16.08 points, or 0.70%; than the period fell 166 points, or 6.78%.
Supply: nitrogen fertilizer, urea production enterprises overhaul, the operating rate of less than 60%, local sources of tension, the cost of support is obvious; P, slightly upward starts, the north and east parts of transaction, tight spot; K, the major port type traders continue to stop selling, sell, cash flow is relatively reduced, border trade the port inventory low potassium fertilizer, potassium fertilizer can be made inventory; enterprises operating rate increased slowly, some enterprises still shut down by environmental pressures.
Demand: nitrogen fertilizer, northeast and southwest of the market in general, weak demand, favorable corn fertilizer demand in North China, urea enterprises very price mentality strong, dealers wait-and-see, demand remained the overall demand for general industrial use with mining. Phosphate fertilizer, a large number of orders in the major producing areas, stable production, good demand; export market is still dominated by pre orders, new transactions less. K, a new single weak demand, port and border trade sale, hoarding phenomenon increased; compound fertilizer, the new deal less, light market, dealers wait-and-see.
International market: International Fertilizer Trading is weak, the market price decline; the international fertilizer market little hope, July India will formally implement VAT tax, further bearish India diammonium international potash importer; the smooth operation of the market, trading was light, no big progress Chinese potash contract.
N, the local area in summer started preparing fertilizer, strong market prices, the recent agricultural is completely open, or the market will fall gradually upward; fertilizer procurement, must have the support of urea, urea is expected to market prices in the short term or will be steady or rise slightly. Phosphate fertilizer, in addition to North China and East China, other domestic markets show calm. The preparation of fertilizer market began in August, the current domestic demand is limited, and the enterprise advance orders abundant, is expected to post DAP prices steady operation; potash fertilizer, potash fertilizer import demand, Chinese contract balance, expected short-term price of potassium chloride will continue to stabilize the main complex; Hefei, high cost support, and general demand, is expected to the price is still the main stable.