The price of compound fertilizer shows a stable trend mainly. Recently, affected by the weakening of the raw material market, the cost support is weakened and the procurement rhythm slows down. At present, enterprices of compound fertilizer mainly focus on early orders, the overall increase in 30 ~ 50 yuan (ton price, the same below), and the actual transaction center has risen steadily. Some compound fertilizer enterprises claimed that high nitrogen fertilizer sales policy will be announced in late March or early April.

Main compound fertilizer factory price: 45% sulfur base (15-15-15) in 2100 ~ 2250 yuan, 45% chlorine base (15-15-15) in 1850 ~ 2000 yuan, in the Northeast region, 45% sulfur base (12-18-15) in 2250 ~ 2350 yuan, the actual transaction is dealed independently.

The utilization rate of compound fertilizer in China is about 60%, which is 3% higher than that of the previous week. At present, the pre-order quantity of compound fertilizer enterprises is relatively large, and some enterprises basically have no inventory, so the factory operation rate is obviously improved.

Raw material in the compound fertilizer, sulfur price weakens, the price of yellow phosphorus slightly decreased. With the easing of the social public event, small and medium-sized enterprises in Hubei have resumed production, then high-priced new orders transaction was restrained. At present, the main factory-gate price of 55% powdered monoammonium in Hubei is 1900-1940 yuan. The supply of diammonium phosphate in Northwest, Northeast and other places gradually arrived and reached to the basic market, the port 64% diammonium particles FOB price is USD300 ~ USD307.

At present, the compound fertilizer market gradually turns to the high nitrogen fertilizer, only a few enterprises announce the policy, assiting mostly by payment to calculate and guarantee the interest. The urea price continues to drop, bringing certain difficulties to the sales and policy made for high nitrogen fertilizer. Considering that the downstream grain price is not high and the compound fertilizer enterprises are mostly supported by low-priced raw materials in the early stage, the price increase of high nitrogen fertilizer is expected to be limited, while it cannot be ruled out that some enterprises will increase preferential policies. At present, the start of compound fertilizer has reached a high level in recent years, and the device concentration degree has been significantly improved. It is expected that the late start will slow down, but the specific start should also be depended on the balance between inventory and orders.