After the National Conference on Phosphorus and Compound Fertilizer, there has not been much change in the winter storage market for compound fertilizers. Not only have there been no significant adjustments to the factory quotations of compound fertilizer enterprises, but downstream stocking enthusiasm has also not significantly increased. Since the launch of the winter storage market, the market for compound fertilizers has not been optimistic, especially in the long span of winter storage operations. Upstream compound fertilizer factories dare not easily carry out pre collection activities, and downstream distributors are also cautious in stocking up. However, there has been a subtle change in the atmosphere of the compound fertilizer market recently, due to the sudden release of positive news in the raw material market.

Since the end of autumn demand, the fertilizer market has been filled with pessimistic sentiment. Once there are positive voices, the speculative atmosphere will be particularly high. Recently, both phosphorus and potassium fertilizer prices have attempted to adjust upwards. Due to the significant increase in raw material sulfur prices, the prices of ammonium plants have remained stable with some rising, while some companies have suspended quotes or controlled orders; The trend of potassium chloride price increase is booming, mainly reflected in port cargo transactions, and the current price has shown a high level. Most raw material prices are rising, but there are few compound fertilizer companies that have the idea of price increases.

Firstly, the nitrogen fertilizer market is not considered favorable. The fluctuation trend of urea market has been going on for a long time, and the mainstream price has not formed a significant rise or fall. The overall fluctuation amplitude is very limited. Since there is no significant rebound in urea price in the short term, it is difficult to form a positive boost for the compound fertilizer winter storage market; In addition, the price of ammonium chloride has stabilized after falling to the bottom, and some companies have plans to explore an upward trend, but it may continue to be weak in the future. Overall, the ammonium chloride market is relatively stagnant. Without favorable support from the nitrogen fertilizer market, it may be difficult to drive a rebound in high nitrogen fertilizer prices in the Central Plains market solely based on the upward trend of ammonium and potassium chloride prices.

Secondly, emotional recovery is not very fast. After the conference on phosphorus and compound fertilizers, there has been some improvement in the atmosphere of the winter storage market for compound fertilizers. There has been an increase in downstream inquiries in some areas, but the actual transaction situation is still not ideal. The cautious sentiment of distributors has not been truly restored, and the main reason is the lack of confidence in the future market of compound fertilizers. They are worried about repeating the embarrassing situation of rising prices during the off-season and falling prices during the peak season of winter storage in the past two years; In addition, the attitude towards the winter storage market of compound fertilizers varies among downstream regions, especially in areas where spring crops do not use much fertilizer. Downstream awareness of winter storage is already weak, so compound fertilizer companies may have some difficulties in promoting winter storage by raising prices.

Finally, the factory's offer was not decisive. The progress of winter storage markets varies in different regions. Compared with other regions, only the winter storage market in Northeast China is relatively clear. Mainstream compound fertilizer factories have successively launched pre collection activities and introduced winter storage prices and policies, while the winter storage market of compound fertilizers in other regions is not very clear. Compound fertilizer enterprises dare not easily determine the winter storage advance price, mainly because the raw material market is volatile. Regardless of whether the compound fertilizer payment is guaranteed or bought out, the risks borne by the enterprise itself are difficult to avoid. Therefore, compound fertilizer enterprises are generally cautious in the process of launching the winter storage market.

Overall, the current price increase of compound fertilizers may not determine the future trend, as the winter storage market has just begun.