December 23, 2024

The first quarter of the overall increase in the fertilizer market

Drying equipment

Fertilizer prices stabilized and the overall increase was large. From January to March, the average price of urea market was 2,307 yuan/ton, a year-on-year increase of 15.5%; the average price of diammonium phosphate was 3,223 yuan/ton, a year-on-year decrease of 5.5%; it was one of the very few products whose prices dropped; the average monoammonium phosphate price 2770 yuan / ton, an increase of 2.7%; domestic average price of potassium chloride 3107 yuan / ton, an increase of 8.2%; 45% chlorine-based compound fertilizer average price of 2803 yuan / ton, an increase of 14.1%.

Pesticide prices rose steadily. From January to March, the average market price of dichlorvos (80% emulsion) was 23.0 yuan/kg, up 2.6% year-on-year; the average price of omethoate (40% emulsion) was 23.0 yuan/kg, up 2.6% year-on-year; and the average price of paraquat was 19.0 yuan. /500ml, a year-on-year increase of 1.2%.

Sales of refined oil continued to increase. In March, domestic sales of refined oil products reached 24.02 million tons, a year-on-year increase of 5.5% and an increase of 16.1% from the previous quarter. Among them, gasoline sales amounted to 7.06 million tons, a year-on-year increase of 12.0%; diesel sales amounted to 15.74 million tons, a year-on-year increase of 2.1%.

The growth of basic chemical raw materials continued to fall. Data show that in March, the producer prices of industrial raw materials for basic chemical raw materials fell by 1% year-on-year, and fell for the first time since December 2009. From January to March, the cumulative prices of producers of basic chemical raw materials rose by 0.2%, which was 0.6 percentage points lower than that of January-February.

The market for synthetic materials remains sluggish. In March, the ex-factory price of manufacturers of composite materials decreased by 8.2% year-on-year, a decrease of 1.8% from the previous month. From January to March, the cumulative ex-factory price of producers of synthetic materials decreased by 6.8% year-on-year, a decrease of 1.8% from January to February.

Rubber product prices continue to fall. In March, the ex-factory price of rubber product manufacturers rose by 1.5%, down 1.7 percentage points from the previous month. Among them, tire manufacturing rose by 0.8%, narrowing by 2.8 percentage points from the previous month; reclaimed rubber manufacturing rose by 3.4%, compared with the previous month. Narrowing by 1.1 percentage points. From January to March, the cumulative producer prices of rubber product manufacturers rose by 3.5% year-on-year.

The general level of special chemicals prices continued to decline. In March, the ex-factory price of manufacturers of specialty chemicals was down 5.3% year-on-year, a decrease of 0.1% from the previous month, showing signs of stabilizing, but still a large drop in the chemical industry. From January to March, the cumulative ex-factory price decreased by 4.9% year-on-year, 0.2% more than that in January-February.

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