Customs: From April 12th to August 31st, urea inspection will be lifted, and receipts will be issued within 10 working days. After this news was released on April 12th, urea prices increased by 120-150 yuan/ton over the weekend. Although exports have not yet provided direct benefits for domestic urea, the cost and mentality of downstream compound fertilizers have been greatly improved.

Since the beginning of the year, the fertilizer industry has been in a weak and stable situation, with urea prices fluctuating and falling, and the price once fell below 2000 yuan/ton the North China region; The price of phosphate fertilizer is slowly falling, and the price of ammonium in Hubei Province has declined by about 200 yuan/ton; The price of potassium fertilizer has significantly decreased, with a decrease of around 630 yuan/ton before the Tomb-Sweeping Day. After the festival, there are gradually signs of recovery, and the price has slowly rebounded to around 2430 yuan/ton. The low prices of raw materials have led to a stalemate in the compound fertilizer industry, making it difficult for large-scale enterprises to maintain their previous high prices, and the main source of advance income. The price of 40% high nitrogen fertilizer for some small and medium-sized enterprises in Henan and Hebei regions has dropped to around 1850-1930 yuan/ton. At such a low price, there is still a lack of follow-up on new orders, and the enthusiasm for picking up goods at the terminal is weak. All parties are cautious in their operations.

With the confirmation of urea export news, domestic scale enterprises are currently mainly observing, and prices and policies will not be changed; Low-priced high nitrogen fertilizer factories have stopped accepting orders and are expected to have room for price increases within this week, with a range of around 100-200 yuan/ton. In summary, the situation for the next month is likely to be for large factories to wait and see, while small factories will raise prices.

There are still about 40 days left until the summer fertilizer season. Can the news of urea exports drive the sales of compound fertilizer in summer? Next, we need to pay more attention to the further clarification of the trend of raw material prices and the situation of downstream pickup.