Shandong fertilizer prices are running high

Affected by such factors as rising costs of coal and inadequate storage and fertilizers in the entire circulation, the price of Shandong fertilizer declined slightly in the previous period, but it still rose sharply year-on-year. In Lunan, the prices of urea, diammonium phosphate, and compound fertilizers rose by 24%, 22%, and 38% respectively.

The round of fertilizer preparation is coming to an end. Although the price of compound fertilizer will not change much in the past month, the price of fertilizer in Shandong market will keep rising in November when the peak of fertilizer use comes. Moreover, with the decline in the grade of phosphate rock, the marginal cost of mining will continue to increase, coupled with the more stringent mining and management of phosphate rock in the provinces, the value of phosphate rock resources will also be long-term bullish, and will undoubtedly cause further pressure on rising fertilizer prices. .

Although the days of Shandong's chemical fertilizer industry are better than those of previous years, it is only a low-profit operation. It is understood that under the influence of cost pressures, fertilizer companies have seen little change in profits compared with last year, but benefited from the reduction in the number of start-up companies in the industry and the strong market demand. This year's sales volume was better than the same period of last year, but there was no significant increase in efficiency.