The domestic market continued to slump, mainly due to the persistently weak demand situation. In particular, the fertilizer industry with the largest consumption was limited by the difficulty in negotiating export prices, and there was no procurement plan for raw materials**. ** The production companies or the traders in the port area are mostly subject to detention. The domestic refineries take control of low stock prices for inventory, while the port import sources have high import costs and the external disk is still firmly constrained. They are worried that it will be difficult for the investors to make short positions. The price of goods was limited, and short-term multi-scattered small ones fell mainly.
In view of the current market, the market focus is not the improvement of downstream demand, especially in the fertilizer market before the low season export negotiations, if the price has returned, the profit of fertilizer manufacturers in early-stage parking will choose to restart, then for raw materials **Demand is bound to increase. In particular, during March-April, domestic traders imported more **, while terminal factory stocks were limited, and international major manufacturers did not have much inventory pressure, and the shipping schedule for the Chinese market decreased in the later period. Refer to the second quarter ** contract price FOB195 USD. / Ton and above, if demand is released, the market is expected to have a shortage of goods and quickly return the situation.
However, from the recent period of international fertilizer transactions, although prices have rebounded, they are still far below the price FOB$550/tonne that can be accepted in the off-season exports of fertilizers in China. In particular, India recently traded several batches of diammonium and composites. Fertilizer orders, prices generally in the CFR550 US dollars / ton, affected by the pressure of the domestic chemical fertilizer manufacturers continue to take the goods, subject to high-end raw materials constraints, some fertilizer manufacturers are forced to choose to stop, limit production to maintain price measures.
Therefore, in the short-term perspective, whether the demand situation can be improved still needs to be waited, and domestic refineries have continued to fall in order to release inventory prices. Pressures on domestic traders have been increasing gradually. Recently, prices have not been significantly reduced due to strong external support. However, in the case of imbalance between supply and demand fundamentals, the overall market consolidation situation is difficult.
In view of the current market, the market focus is not the improvement of downstream demand, especially in the fertilizer market before the low season export negotiations, if the price has returned, the profit of fertilizer manufacturers in early-stage parking will choose to restart, then for raw materials **Demand is bound to increase. In particular, during March-April, domestic traders imported more **, while terminal factory stocks were limited, and international major manufacturers did not have much inventory pressure, and the shipping schedule for the Chinese market decreased in the later period. Refer to the second quarter ** contract price FOB195 USD. / Ton and above, if demand is released, the market is expected to have a shortage of goods and quickly return the situation.
However, from the recent period of international fertilizer transactions, although prices have rebounded, they are still far below the price FOB$550/tonne that can be accepted in the off-season exports of fertilizers in China. In particular, India recently traded several batches of diammonium and composites. Fertilizer orders, prices generally in the CFR550 US dollars / ton, affected by the pressure of the domestic chemical fertilizer manufacturers continue to take the goods, subject to high-end raw materials constraints, some fertilizer manufacturers are forced to choose to stop, limit production to maintain price measures.
Therefore, in the short-term perspective, whether the demand situation can be improved still needs to be waited, and domestic refineries have continued to fall in order to release inventory prices. Pressures on domestic traders have been increasing gradually. Recently, prices have not been significantly reduced due to strong external support. However, in the case of imbalance between supply and demand fundamentals, the overall market consolidation situation is difficult.
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