September This Year, China's Exports Continued To Rebound Fertilizer
September This Year, China's Exports Continued To Rebound Fertilizer
Down 33.3% and 56.4%. Export average price was 296.3 U.S. dollars per ton of tons, down 34.7%. Main features of its exports are:
One month in September exports continue to rebound. After the first half of exports is shrinking rapidly after a single month since the second half of fertilizer exports expanded rapidly, which in September month, exports rose to 1.405 million tons, from a single month since June last year, exports for the first time more than 1 million tons. While exports continued to show the average price down trend, in September fell to 271.4 U.S. dollars per ton, the chain fell 8.1%.
2, general trade exports accounted for more than 9 percent. The first 3 quarters, China's general trade export of chemical fertilizers to 5.358 million tons, down 27.5%, accounting for the same period the total amount of fertilizer exports 91.1%.
Third, ASEAN, India and Bangladesh as the main export market. The first 3 quarters, China's exports of these three markets were 2.419 million tons of fertilizer, 1.041 million tons and 49.4 million tons, down 15.8%, respectively, 45% and 3.8% over the same period on the three together accounted for 67.2 of total exports of fertilizer %.
4, nearly six state-owned enterprises to become export, the private sector exports dropped significantly. The first 3 quarters, China's state-owned enterprises exported 3.47 million tons of fertilizer, down 0.4%, accounting for the same period the total amount of fertilizer exports 59%; the same period, private enterprises exported 1.024 million tons, down 55.6%, 17.4%.
5, urea is still the largest export variety, diammonium phosphate exports doubled. The first 3 quarters, China's exports of urea 2.046 million tons, down 52%; export diammonium phosphate 1.59 million tons, an increase of 1.2 times. Total exports of the two varieties of the same period in China's fertilizer exports accounted for 61.8% of the total.
Since the second half of 2008 has been depressed by the domestic market demand, prices fell and blocked the export of multiple adverse factors such as domestic enterprises operating rate of fertilizer shortage, production and management trouble. To resolve the outstanding contradictions fertilizer industry, and promote the sustained and healthy development of the industry early this year the State decided to establish a market-oriented price formation mechanism of chemical fertilizers, and again by the end of June this year to adjust export tax policy, then issued a "Circular on Further Deepening the fertilizer distribution Reform of the decision "to abolish the nature of the chemical fertilizer business enterprise ownership restrictions. This series of related support, to encourage policies have been put forward and the recent global Economy Situation is driving the international bulk commodity prices rebound rebound, a preliminary restoration of fertilizer exports, the domestic fertilizer industry showed signs of improvement. In addition to the domestic market
K There are still gaps in supply and demand, the nitrogen, P Than self-sufficient, which N Excess capacity in more than 15% expected this year will yield a substantial increase in supply and demand contradiction may be more prominent, which would lead to domestic fertilizer enterprises are facing the dual pressures of money and inventory. Early September this year, the domestic ex-factory price of urea has generally fallen to around 1,450 yuan per ton. Worth noting that, although the export tariff policy of moderation "relaxation" to stimulate the domestic fertilizer exports continued to rebound in the near future, but the exception of India and a few other countries (regions) on fertilizer prices because the government makes the actual consumption is heavily subsidized to maintain stability, Global fertilizer consumption in 2008-2009 is expected to fall by 2.2%. Foundation is not strong external demand, exports absorb the surplus production capacity is relatively limited role.
With the future release of the domestic production capacity further, the structural surplus of fertilizer production capacity will become increasingly difficult situation. Recently issued by the State "on the inhibition of overcapacity in some industries and duplication to guide the healthy development of industry, a number of views," also noted that the urgent need to further optimize the industrial structure of fertilizer industry.
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