After several months of negotiations, India's annual potash fertilizer contract was finally announced on April 4, 2023.

Xinhua news in Beijing, January 4 (reporters Xu Ke, Dong Xue), Foreign ministry spokesman Wang Wenbin said at a regular press conference that Regional Comprehensive Economic Partnership (RCEP) has enabled regional countries to deepen cooperation and increase efficiency, which is a major victory for multilateralism and free trade. China will work with all parties to actively participate in the construction of RCEP mechanism and make positive contributions to regional prosperity and world economic

On 9 Nov., Argentine grain port workers have staged a surprise strike because of poor wage negotiations and other factors, delaying exports by one of the world's largest exporters, the labor union representing the country's grain port workers expressed on Monday.

With the end of the National Day holiday, the end of the 2023 statutory holidays, the overall price of urea has experienced a small fluctuation, ranging from 20 to 40 yuan (ton price.

On the previous trading day, the spot price of urea in Shandong decreased.

According to the data released by the National Bureau of Statistics on September 15, from January to August, the national fixed assets investment (excluding farmers) was 32704.2 billion yuan, showing an increase of 3.2% year-on-year, including 5.9% growth in manufacturing investment and 13.2% in chemical raw materials and chemical products manufacturing investment.

On September 4th, RCF in India issued a urea import tender, which would be closed on September 15th. The quotation will be valid until September 25th, and the latest shipping date will be November 14th.

According to data released by the National Bureau of Statistics recently, prices of coal across the country rose and fell in mid August.

IPL released a urea import tender on July 25th, and the tender opened on August 9th. The latest shipping date will be September 26th.

The market price of potassium sulfate fluctuated slightly.

Due to the high temperature weather, the demand for electricity in North Africa has greatly increased, natural gas consumption has increased, and there is a gap in supply and demand. Urea factories that use natural gas as raw materials have been required to reduce production. Since July, the price of urea in Egypt has risen significantly to over $400 per ton.

Recently, the continuously sluggish international potassium fertilizer market has finally begun to show signs of recovery.

This week, there was news that monoammonium may hit the bottom and rebound. In fact, the price of monoammonium has stabilized for a period of time, some industries speculated that monoammonium may hit the bottom, but others still hold a bearish attitude.

According to Wind data, on the morning of June 21st, the offshore renminbi (RMB) US dollar exchange rate dropped below 7.2 yuan, marking the first time since November last year. As of 10:06, the lowest offshore RMB to US dollar exchange rate was reported at 7.2005 yuan, with a decline of nearly 200 basis points within the day.

After four months of hard negotiations, on June 6, 2023, the China Import Potassium Fertilizer Joint Negotiation Group and the international potassium fertilizer supplier Canpotex reached an agreement on the 2023 potassium fertilizer import contract, agreeing to a new standard potassium chloride import price of CFR usd307/ton, a decrease of usd283/ton, compared to the 2022 contract price, a year-on-year decrease of 48%, and valid until December 31, 2023. Other terms remain unchanged.

The domestic urea market, which has been declining for more than two months, seems to have shown signs of buffering recently, while at the same time, the market price has not dropped further and has shown a significant rebound.

It is understood that in 2022, the national natural gas production reached 217.8 billion cubic meters, showing a year-on-year increase of 6.4%;

Market demand rebounded and extended business growth.