Domestic compound fertilizer quotations continue to adjust at low levels

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The domestic compound fertilizer market is basically stable, and quotations continue to adjust at low levels. Due to the restriction of the fertilizer use period, the main markets of domestic compound fertilizer companies this week are still concentrated in areas where autumn crops are grown, such as Hebei, Henan, Anhui and Shandong. With the launch of wholesale markets in some areas, more and more companies have canceled the early interest calculation policy, and the number of companies requiring customers to pay in cash and buy out operations is gradually increasing. As for the bottom line, it needs to be considered appropriately. Of course, when the auxiliary policies were cancelled, the quotations given by manufacturers also decreased. However, as the market demand decreased and the prices of urea and potash fertilizers continued to fall, the new transaction volume was still very small. The situation of some companies' early spot shortage and delivery difficulties has also been alleviated. At the same time, based on the analysis of the fertilizer consumption period, companies may be able to complete shipments to the autumn market by the middle to late this month. The wholesale and retail market can also be fully launched in the second half of this month, but the retail market may continue until October. In addition, in a few southern areas such as Sichuan, although small spring crops such as rape and wheat use fertilizer for autumn sowing in October, due to the small area of ​​cultivated land and small amount of fertilizer, dealers are very less motivated to prepare fertilizer. Some local and surrounding companies can meet the market demand. ； Inner Mongolia, Shanxi, Heiji, Heilongjiang and other areas where one-season crops are planted will not have a fertilizing period until spring plowing next year. The winter storage market has also been delayed due to unstable raw material prices and unclear winter storage policies.