After several months of negotiations, India's annual potash fertilizer contract was finally announced on April 4, 2023.
Xinhua news in Beijing, January 4 (reporters Xu Ke, Dong Xue), Foreign ministry spokesman Wang Wenbin said at a regular press conference that Regional Comprehensive Economic Partnership (RCEP) has enabled regional countries to deepen cooperation and increase efficiency, which is a major victory for multilateralism and free trade. China will work with all parties to actively participate in the construction of RCEP mechanism and make positive contributions to regional prosperity and world economic
On 9 Nov., Argentine grain port workers have staged a surprise strike because of poor wage negotiations and other factors, delaying exports by one of the world's largest exporters, the labor union representing the country's grain port workers expressed on Monday.
The potash fertilizer market has not changed much, and the sellers are still trying to raise the price, while the downstream remains unmoved for the time being.
Before and after the Spring Festival, with the continuous recovery of some gas-head urea production enterprises, the capacity utilization rate of China's urea industry rose significantly as expected.
The General Administration of Customs announced on January 13 that the total import and export value of China's goods trade in 2022 has reached 42.07 trillion yuan, making an increase of 7.7% over 2021.
Just after the New Year's holiday, the domestic compound fertilizer market has become stable. Due to the impact of raw material price fluctuations, the downstream has a strong wait-and-see atmosphere. Although some manufacturers cut prices to attract orders, the market transaction is still flat. At present, the main factory quotation of 45% sulfur based compound fertilizer is 3250~3400 yuan/ton, that of 45% chlorine-based compound fertilizer is 2950~3100 yuan/ton, and that of 48% high nitro
The Philippine Department of Agriculture (DA) said that the planned intergovernmental agreement on fertilizer procurement for rice farmers will be completed next month.
After the rebound of potassium chloride, the price of potassium sulfate also rebounded significantly. At present, the upward trend of the price continues.
According to the Information Telegraphic Agency of Russia-TASS, on the 17th, the Russian Vice Foreign Minister Vershinin said in an interview that due to sanctions, the export of chemical fertilizers in Russia fell by 38% from March to September this year, and international buyers lost nearly 8 million tons of chemical fertilizer supply.
According to the data released by the National Bureau of Statistics on November 9, in October, the demand of some industries increased, and the national PPI rose slightly month-on-month. However, affected by the high comparison base in the same period last year, the year-on-year increase turned to decrease.
The nationwide epidemic have a relapse rapidly, and the urea market was weak again.
At present, potash fertilizer is in the off-season of sales, and domestic demand releases slowly. Downstream factories and traders do not accept the current price well and are not eager to purchase. Market participants are pessimistic about the future market, and it is expected that the demand will be weaker in the later period.
The expectation of the domestic urea market before the festival is still relatively partial to the supplier, that is slightly stronger. From the perspective of the trend of the domestic market during the National Day to the present, it is basically the same. The price fluctuates narrowly within the range of 30-50 yuan/ton. According to the short-term analysis of the current situation in China, the price is still under pressure. The specific reasons are as follows.
It is reported that Autumn is one of the most important seasons of the year for compound fertilizer, with the demand accounting for about 40% of the whole year. In some regions, the demand in this season alone can account for 60% of the whole year.
The General Administration of Customs announced on September 7 that in the first eight months of this year, China's total foreign trade import and export value achieved stable growth.
The operating rate drops to 50%, and these fertilizers will be out of stock in the peak season
On August 22, the reporter learned from the China Nitrogen Fertilizer Industry Association that since July, Sichuan Province has generally experienced continuous high-temperature weather, and the temperature in some areas has exceeded 40 ℃, resulting in a sharp increase in the use of air conditioners and a surge in the province's electricity demand.
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