Thread Content
The fertilizer market in the Ningxia Hui Autonomous Region remained generally stable in the first quarter. Author/Source: China Fertilizer Network Date: 2020-04-27 Clicks: 95 As of now, all 55 fertilizer production enterprises in the region have resumed operations at full capacity, with a 100% recovery rate, ensuring an adequate supply of fertilizers. According to surveys of fertilizer information outlets in 7 stores across the region, since February, the prices of major fertilizer types have first risen before settling down; the highest prices were recorded in early March, and they were lower than the levels seen during the same period last year. In February, the prices of urea, diammonium phosphate, and high-concentration compound fertilizers were 1,688 yuan per ton, 2,650 yuan per ton, and 2,740 yuan per ton respectively, representing year-on-year decreases of 108 yuan per ton, 483 yuan per ton, and 300 yuan per ton respectively ; In March, the prices of urea, diammonium phosphate, and high-concentration compound fertilizers were 1,770 yuan per ton, 2,787 yuan per ton, and 2,869 yuan per ton respectively. Compared with the previous year, these prices decreased by 201 yuan per ton, 413 yuan per ton, and 56 yuan per ton respectively, while on a month-on-month basis they increased by 82 yuan per ton, 137 yuan per ton, and 129 yuan per ton respectively ; Since April, the prices of urea, diammonium phosphate, and high-concentration compound fertilizers have been 1,698 yuan/ton, 2,753 yuan/ton, and 2,839 yuan/ton respectively, representing decreases of 72 yuan/ton, 34 yuan/ton, and 30 yuan/ton compared to March. Stocks of various types of fertilizers are relatively ample; the highest levels of inventory and sales were recorded in February, while since March, both fertilizer inventory and sales have remained relatively stable. The COVID-19 pandemic has had a limited impact on the fertilizer market in our region, and the market as a whole has remained stable.