In March, the spring fertilizer market was officially launched, and the demand for fertilizer began to release in most of the downstream areas of the country. Compared with the same period in previous years, the progress was slightly lagging behind. The main reason was that the demand was difficult to release. Influenced by fluctuations in raw material prices, low prices of agricultural products and poor weather conditions, the enthusiasm to take goods downstream in some areas has been greatly reduced, but the phenomenon of holding money has increased, and the market climate remains stalemate.

Demand is approaching, downstream or the same, but in the near future, raw materials market suspense, especially urea. Up to now, the main urea ex-factory quotation in Shandong Province is 1870-1910 yuan/ton. Although the domestic urea market seems relatively stable, under the circumstances of uncertain industrial and agricultural demand release and possible changes in the production situation of urea enterprises at any time, local shocks may also occur in the short term. Therefore, the market of finished fertilizer will fluctuate with it, but the range is limited. 。

Compound fertilizer, at present, the overall market is weak and stable. In terms of price, most of the mainstream ex-factory quotations are weak downward, because the raw material market is weak and the cost support is insufficient; the second reason is that the downstream demand is weak and the enterprises have to reduce prices and absorb orders; the third reason is that the industry is under great pressure of competition and the price war is fierce. On the demand side, the spring market has started and the overall process is lagging behind. First, the fertilizer price is relatively high, compared with the same period in previous years, it has increased in varying degrees. Second, the price level of agricultural products is too low, the downstream income is not good, and the willingness to plant decreases accordingly. Third, the Spring Festival is earlier this year, and there is still a long way to go after the festival from the fertilizer season. On the supply side, since the end of the festival, the production start-up rate of compound fertilizer enterprises has slowly increased to around 40% and has not reached the normal level of peak season at all. The first reason is that there are few new orders and some enterprises mainly execute pre-order. The second reason is that some enterprises have a high inventory pressure and only digestive inventory is the main factor in the initial stage. The third reason is that the "two sessions" have been held and some enterprises have stopped to varying degrees. Vehicle and production restriction.

Water-soluble fertilizers, the market tends to be good, stable goods. The price of water-soluble fertilizer is much higher than that of traditional fertilizer, and the corresponding profit margin is also slightly larger. The raw material market and the relationship between supply and demand have certain guiding significance for its product price positioning. However, price adjustment is not frequent, but preferential policies are flexible and diverse. At present, the mainstream price of water-soluble fertilizer in the market is basically at the pre-season level. Only some enterprises have slightly enlarged their preferential margins, and most of them are quite I wish to be strong. Originally winter was the peak season of water-soluble fertilizer demand. With the gradual change of planting structure, water-soluble fertilizer consumption in all seasons is still acceptable, mainly due to the increase of planting area of cash crops and the loss of traditional fertilizer advantages, and the downstream has a higher acceptance of new fertilizer. The number of large water-soluble fertilizer enterprises is small. Since the normalization of environmental protection inspection, the production conditions of most enterprises have met the standards. Even if the demand is released centrally, the supply can be satisfied. Similarly, during the recent "two sessions", the situation of partial production constraints inevitably occurs.

In summary, the change of urea market does affect the trend of the whole fertilizer market. After the recent stabilization of urea prices, some finished fertilizer enterprises plan to introduce new quotations and policies. Based on the current relationship between raw materials and supply and demand, the overall adjustment range should be very limited.