Himfr.com Discusses the Factors of Fertilizer Price Declines

BEIJING, Nov. 10 /Xinhua-PRNewswire/ -- Himfr.com ( http://www.himfr.com/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that the average price of domestic fertilizer ( http://www.himfr.com/buy-fertilizer/ ) dropped 1.4%. The main varieties are urea and Diammonium Phosphate ( http://www.himfr.com/buy-Diammonium_Phosphate/ ), with their average prices dropping 5.1% and 2.9%; while potassium chloride prices rose 1.2%. Himfr analyzes that fertilizer market conditions are hard to improve over the short term: fertilizer prices are expected to remain lower.

At present, it is winter wheat ( http://www.himfr.com/buy-winter_wheat/) sowing time, but dealers continue the hold, wait and see attitude, meaning the market is not active and fertilizer price rises lack any drive. Although, fertilizer prices still remain high, rising 60.7% compared with the same period of the last year.

Currently, the domestic fertilizer market has two main features. First, the price of fertilizer on a whole is down. In September, urea ( http://www.cheaponsale.com/buy-urea/ ) and diammonium phosphate wholesale prices were 1900 Yuan/ton and 4,500 Yuan/ton compared with August, a decrease of 400 Yuan per ton.

In addition, local farmers and fertilizer dealers do not have a strong will to buy. Although the autumn season is a time for fertilizer, because of the weak purchase power, the fertilizer market remained dull, and potash fertilizer ( http://www.cheaponsale.com/buy-potash_fertilizer/ ) through a greater impact on the international market will continue to keep a high price, while nitrogen ( http://www.cheaponsale.com/buy-nitrogen/ ) and phosphate fertilizer prices will continue downwards.

The main reason for fertilizer price declines are: coal, sulfur ( http://www.himfr.com/buy-sulfur/ ) and other raw materials that are also experiencing price drops; fertilizer production cost declines, effected by upward tariffs; chemical fertilizer exports are being restricted that increases domestic supply; and the limited purchasing power of farmers.

For more information, please contact:

Himfr.com

Tel: +86-10-5211-8138

Email: cs@himfr.com

Address: Room 610, Ximen commercial Building, 256 Xinhua Street,

Tong Zhou district, Beijing, China

Post Code: 100110