On January 16, the 16th Symposium of Compound Fertilizer Enterprise Collaboration and the 3rd Meeting of Directors of the Second New Fertilizer Branch were held in the International Hotel in Zhijiang City, Hubei Province. The meeting believes that 2018 phosphate compound fertilizer or will continue to cut patterns.<\/p>\n
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 slightly eased in 2017, and the overall price is higher than 2016. Following a 7.4% drop in 2016 production, the slight drop of 0.8% for the first 11 months of 2017 continued. Among them, the output of diammonium was 14,822,000 tons, down 1.9% over the same period of last year; the output of monoammonium was 12,766,000 tons, down 3% over the same period of last year. With the acceleration of new fertilizer application and promotion, the compound annual growth rate of new fertilizers will be above 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% and the market of biostimulant is expected to approach 20%.<\/p>\n
The meeting held that the sluggish grain prices at home and abroad will affect the input of agriculture, the overcapacity of basic fertilizers, and the serious homogeneity of products, which are the internal causes of the industry as a whole with low profitability and fierce market competition.<\/p>\n
Xiuxue Feng, executive vice president of China Phosphate Compound Fertilizer Industry Association, said the supply-side reform advanced in depth, the demand for agriculture was declining, and the high pressure of safety and environmental protection became the norm. The phosphate compound fertilizer industry should be extended in the industrial chain through effective ways of technological transformation, reform and innovation Make efforts to better promote industrial development.<\/p>\n","protected":false},"excerpt":{"rendered":"