The market for compound fertilizers has continued to deteriorate recently. The price of raw materials is strong, and the inventory of low-priced inventory in previous periods is depleted. Some companies are under huge cost pressure. The demand for downstream agriculture is gloomy. With the approach of the Spring Festival, shipments and production are suppressed. With an additional 5.5 million tons of light storage, the compound fertilizer does not exceed one third in principle, and the impact on the market has not yet appeared.

The data shows that the mainstream ex-factory price of 45% sulfur-based compound fertilizer in Shandong is 2,400-2,500 yuan (t price, the same below), 45% of chlorine-based compound fertilizer is 2,100-2,200 yuan, Hubei 45% of sulfur-based compound fertilizer is 2,350-2,450 yuan, 45% Chlorine-based compound fertilizer is from 2050 to 2150 yuan; Henan 45% sulfur-based compound fertilizer is from 2300 to 2400 yuan, and 45% chlorine-based compound fertilizer is from 2050 to 2150 yuan, basically stable.

At present, dealers mainly rely on payment, and the purchase volume of new orders is limited. As the Spring Festival approached, the trading atmosphere of the compound fertilizer market remained light. At present, the inventory of compound fertilizer market is limited, and the market demand in the spring is considerable. It is not ruled out that enterprises with small inventory will start to increase inventory. The cost of raw materials for compound fertilizers still has room to rise, and business pressure will continue to increase. It is expected that the price of compound fertilizer will remain stable in the short term.