The Ministry of Finance’s latest announcement of the Customs Tariff Commission of the State Council regarding the implementation of the tariff implementation plan for 2013 showed that the export tariffs on a number of fertilizer varieties were reduced, and the export window period for some varieties in the off-season was extended, which favored the export of chemical fertilizers. Analysts believe that fertilizer exports are expected to rebound in 2013, and the current fertilizer market has shown signs of stabilization, and the prices of urea and other products have even begun to rebound. The previous report of the China Securities Journal has pointed out that the fertilizer export tariff policy in 2013 is expected to relax moderately. The benefit of diammonium is even more pronounced in the industry analysis. Compared with the export tariff policy of 2012, the new tariff policy is good for the export of urea, ammonium phosphate and dual fertilizer.
In the off-season, export tariffs for urea are reduced from 7% to 2%, during the off-season, the export base price is increased by RMB 160 to RMB 2,260/tonne; the off-season export tariffs for diammonium and monoammonium are reduced from 7% to 5%, and the off-season export window period is extended by 1 month ( From May 16 to October 15, 64% diammonium off-season export base price raised by RMB 100 to RMB 3,500, 57% diammonium export base price raised by RMB 300 to RMB 3,200; NP compound fertilizer export tax rate and window period Same as diammonium.
In contrast, the diammonium phosphate benefit is even more pronounced due to the extended export window period in the off-season for one month. The tariff rate for diammonium was lowered and the benchmark price was adjusted upwards. At the same time, the window period was still ahead of schedule, which means that manufacturers will begin to collect ports to prepare for export in April next year. The demand for diammonium will obviously improve year-on-year.
It is understood that phosphate fertilizer companies and phosphate fertilizer associations are the main promoters of this policy adjustment. In early 2012, the regulatory policy of domestic regulatory authorities on urea was introduced at 2,400 yuan/ton (equivalent to the policy target). The current price of the fertilizer market is relatively low, which provides room for policy relaxation.
In winter, it is more difficult to dig pits. According to the experience of previous years, the winter season is generally the season of “digging pits†in the fertilizer market. Only when the manufacturers lower the price of products, dealers are willing to use winter storage. At present, the fertilizer winter storage has begun to expand, and some small and medium-sized distributors are getting more aggressive. Analysts believe that due to policy expectations, it is difficult for fertilizer prices to bottom out again, and dealers would not miss the best time to get goods. It is expected that there will be regional supply shortages in the spring of the next few varieties that are not actively stocked.
Judging from the trend of urea prices, a certain degree of rebound has begun to appear. According to the business community monitoring, the average domestic urea factory price rose from RMB 1980/ton at the beginning of the week to RMB 2022.5/ton at the weekend, or an increase of 2.15%. At present, the factory price of urea enterprises in Hebei is around RMB 2040-2050/ton, the factory price of urea enterprises in Henan is around RMB 2010-2090/ton, the factory price of urea enterprises in Jiangsu is around RMB 2080-2150/ton, and the factory price in Anhui is 2030. -2100 yuan / ton, two lakes factory price 2040-2100 yuan / ton.
Business community urea analyst Zhang Ming said that the domestic urea market is expected to continue upward. In terms of demand, the winter reserves in the Northeast and South China regions have been officially launched; some manufacturers in Shanxi, Shandong, Hebei, and Jiangsu have also successively shipped to the northeast and south China; the operating rate of compound fertilizer manufacturers has continued to rise, and the purchase of urea has increased significantly. On the supply side, natural gas supply was tight, and the three gas-headed urea producers in Sichuan Province stopped.
Of course, the final export situation of domestic fertilizer companies still needs to be determined by the price of the international fertilizer market at that time. Although China's fertilizer products have a certain degree of competitiveness in the international market, with the changes in international natural gas and coal prices, some emerging fertilizer producers are rising.
Xi'an Jmlai Bio-Tech Co., Ltd. , https://www.jmlaisarms.com