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Comprehensive index of wholesale price of chemical fertilizer in China has been running steadily
Time:2019-03-21   Read:574second  

Recently (March 11 - March 15), China's chemical fertilizer wholesale price composite index has been running steadily. On March 18, the China Fertilizer Wholesale Price Composite Index (CFCI) was 2239.06 points, up 5.65 points, or 0.25%, compared with the previous year, up 49.61 points, or 2.27%, and down 139.81 points, or 5.88%, in the bi-base period.

On March 18, China Compound Fertilizer Retail Price Index (CCRI) was 2468.13 points, up 33.43 points, up 1.37%, down 10.59 points, down 0.43%, and up 21.42 points, up 0.88% over the base period.

_Supply Situation

For nitrogen fertilizer, the overall start-up rate of urea enterprises was basically the same as that of the previous week, while the start-up rate of gas enterprises increased. As for phosphate fertilizer, the overall starting rate of diammonium enterprises is 61%, which is basically the same as the previous week. As for potassium fertilizer, the arrival price of 60% of the base products of salt lake is 2350 yuan/ton, which is 70 yuan/ton lower than that in February; the arrival of potassium in port continues to increase, and the quotation is still flexible, which is basically flat compared with the previous week; the arrival volume of potassium in border trade is general, and the inquiries of downstream distributors increase, and the turnover is sporadic. As for compound fertilizer, the overall start-up rate of enterprises is 38%. In order to meet the demand for fertilizer in spring, some enterprises increase the start-up load.

_Demand Situation

_Nitrogen fertilizer, urea market demand overall warming up, good urea prices; agricultural demand has been started, follow-up, mainly wheat fertilizer in North China; industrial demand has rebounded, compound fertilizer enterprises and rubber sheet factories have returned to production, procurement demand has rebounded. As for phosphate fertilizer, the Northeast market of diammonium has made some progress, and the arrivals in North China and Central China are less than in previous years. As for potassium fertilizer, the overall start-up rate of compound fertilizer enterprises continued to rise, and the demand for potassium fertilizer procurement increased. In terms of compound fertilizer, cash crops and wheat fertilizers are the main fertilizers for grass-roots farmers, while the demand for fertilizers in spring in the northern region increases, and dealers'purchases increase.

International Market

_International nitrogen fertilizer prices have been boosted, mainly due to rising prices in the United States. International phosphate fertilizer prices have been running steadily. Demand for diammonium is mainly concentrated in India and Latin America. Chinese enterprises have some export orders. International potassium fertilizer prices have loosened, new single demand is tepid, and potential demand in Asia is slowly starting.

_Future Market Forecast

_In terms of nitrogen fertilizer market, the market supply is basically stable; demand has increased, market turnover is still acceptable, agricultural fertilizer preparation has been followed up, industrial demand has slowly rebounded; international urea prices have improved slightly; it is expected that urea prices will be generally stable in the short term, or will rise slightly with the continued follow-up of demand.

_Phosphorus fertilizer market, because spring tillage fertilizer is mainly high nitrogen fertilizer, the demand for diammonium is limited, downstream distributors are mainly on-demand, new orders follow-up is insufficient, it is expected that the price of diammonium will be weak and stable in the short term.

_Potassium fertilizer market, the port potassium continued to arrive, but the demand side of the procurement demand growth is limited, the market oversupply highlighted, it is expected that the price of potassium fertilizer will maintain a weak and stable consolidation trend in the short term.

_Compound fertilizer market, with the expansion of fertilizer demand in spring and the end of local production restrictions, the start-up rate of enterprises may further increase; raw materials, urea prices warming up, the supporting role of high nitrogen fertilizer costs increased; it is expected that the price of compound fertilizer will continue to be stable in the short term.

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