On January 16, the 16th Symposium on Compound Fertilizer Enterprise Collaboration and the 3rd Board Meeting of the 2nd New Fertilizer Branch were held in Zhijiang, Hubei Province. The meeting concluded that the phosphate compound fertilizer industry may maintain a downward trend.

 
According to Wang Ying, director of Information Department of China Phosphate Compound Fertilizer Industry Association, the contradiction between supply and demand of phosphate compound fertilizer market slowed down slightly in 2017, the overall price is higher than that in 2016; output continued to decrease slightly in the first 11 months of 2017 after falling 7.4% in 2016 Down 0.8%. Among them, the output of diammonium phosphate was 1482.2 million tons, down by 1.9% over the same period of last year; the output of monoammonium phosphate was 12.766 million tons, down by 3% over the same period of last year; and the output of potash fertilizer increased by 3.7% over the same period of last year. The growth of new types of fertilizers in China will increase at a compound annual growth rate of over 10% in the next five years. The growth rates of water soluble fertilizers and slow release fertilizers are expected to be close to 15% and 10% respectively. The growth rate of biostimulating hormones is expected to approach 20%.

 
The meeting held that domestic and foreign grain prices continued to slump affect agricultural inputs. Overcapacity of basic fertilizers, unbalanced development of varieties and serious homogeneity of products led to the industry as a whole lacking in profitability and fierce market competition. In addition, a series of external factors such as acceleration of supply-side reform, cancellation of state support policies and sustainability of safety and environmental protection high pressure , The industry as a whole market environment deteriorated, small scale, backward technology, poor competitiveness of enterprises and devices will be eliminated, the industry as a whole or will continue to cut production trends, “reducing the efficiency of”, “organic fertilizer alternative” spawning a new pattern of the market The trend will not change.

 
Representatives of 28 Phosphate Compound Fertilizer enterprises from all over the country predicted the trend of the spring plowing market in 2018 based on the production and operation in 2017, which reflected the outstanding difficulties and demands in the production and operation. The “fertilizer classification and requirements”, new fertilizer development, Data, product counterfeiting and other aspects of the proposed improvements and policy recommendations.