Analysis and Forecast on China Fertilizer Industry (2015-2016)
This report will perform deep analysis on production, consumption, trade, market price and production margin of N-Fertilizer, P-Fertilizer, K-fertilizer and NPK sectors in 2015, as well as operational situation of main listed companies; it also will predict developmental trends in 2016.
Research Background
This report will perform deep analysis on production, consumption, trade, market price and production margin of N-Fertilizer, P-Fertilizer, K-fertilizer and NPK sectors in 2015, as well as operational situation of main listed companies; it also will predict developmental trends in 2016.
Fertilizer market in 2015 showed the following changes:
(1) Owing to an increase in operating rate, fertilizer output rebounded slightly. P-Fertilizer output increased by 10.5%; N-Fertilizer output went up 6.2%; the growth of K-Fertilizer output was 8.6 percentage points.
(2) Fertilizer import and export both increased by more 10%. DAP export increased by 64.3%, highest; urea export hit a record high, a bit higher than 2014. NPK import went up 32%; potash import ascended 33.2% to 9.43 million MT (product), a record high.
(3) Fertilizer consumption rose steadily.
(4) Fertilizer market price rebounded, but still fluctuated at a low level. Along with the decreasing of material prices, production costs kept reducing and producing margins went up slightly, but the overall N-Fertilizer sector still was in the red and NPK sector still made a relatively big profit.
This report will provide objective viewpoints and accurate data to market players for reference.
Research Background
This report will perform deep analysis on production, consumption, trade, market price and production margin of N-Fertilizer, P-Fertilizer, K-fertilizer and NPK sectors in 2015, as well as operational situation of main listed companies; it also will predict developmental trends in 2016.
Fertilizer market in 2015 showed the following changes:
(1) Owing to an increase in operating rate, fertilizer output rebounded slightly. P-Fertilizer output increased by 10.5%; N-Fertilizer output went up 6.2%; the growth of K-Fertilizer output was 8.6 percentage points.
(2) Fertilizer import and export both increased by more 10%. DAP export increased by 64.3%, highest; urea export hit a record high, a bit higher than 2014. NPK import went up 32%; potash import ascended 33.2% to 9.43 million MT (product), a record high.
(3) Fertilizer consumption rose steadily.
(4) Fertilizer market price rebounded, but still fluctuated at a low level. Along with the decreasing of material prices, production costs kept reducing and producing margins went up slightly, but the overall N-Fertilizer sector still was in the red and NPK sector still made a relatively big profit.
This report will provide objective viewpoints and accurate data to market players for reference.
RESEARCH BACKGROUND
CHAPTER ONE ANALYSIS ON POLICIES FOR FERTILIZER INDUSTRY IN 2015
1.1 Change of Agricultural Policy and Its Influence on Fertilizer Industry
1.1.1 A Drop in Agricultural Product Prices Influenced Fertilizer Market
1.1.2 No Influence of an Ajdustment of Subsidy Policies for Agriculture on Fertilizer Demand
1.2 Influence of Preferential Policies on Fertilizer Industry
1.2.1 An Increase in Railway Freight Had Little Influence on Fertilizer Market in the Short Term
1.2.2 Natural Gas Price Marketization will Speed up the Exit of Backward Urea Capacity
1.2.3 Along with the Cancelling of Preferential Price of Power for Fertilizer Production, High-Cost Producers Would be Eliminated
1.2.4 China Resumed Levying VAT on Fertilizer Sector, Bringing Great Influence on Potash Sector
1.2.5 Owing to the Tightening of Off-season Storage Policy, Off-season Reserves of Fertilizer in 2015 Further Went down
1.3 Influence of Other Policies on Fertilizer Industry
1.3.1 Simplification of Fertilizer Registration Procedure is Good for Development of New-Type Fertilizer
1.3.2 Along with the Loosening of Fertilizer Export Tariff, 2015 Fertilizer Export Hit a Record High
CHAPTER TWO ANALYSIS AND FORECAST ON UPSTEAM SECTORS OF FERTILIZER IN 2015-2016
2.1 Synthetic Ammonia Market Analysis in 2015
2.1.1 Ammonia Output Ascended Slightly to a Record High
2.1.2 Synthetic Ammonia Imports up about 1 times
2.1.3 Annual Average Price of Synthetic Ammonia down 6.2% year on year
2.2 Phosphorite Market Analysis in 2015
2.2.1 Phosphorite Output up 15% year on year
2.2.2 Phosphorite Export Decline Widened
2.2.4 Annual Average Price of Phosphorite down 3.3% year on year
2.3 Sulphur and Sulphuric Acid Market in 2015
2.3.1 Sulphuric Acid Output up 4.3% year on year
2.3.2 Sulfur Imports up 8%
2.3.3 2015 Average Sulfur Price was Almost Same as 2014
2.4 Forecast of Raw Material in 2016
2.4.1 Ammonia Output to Ascend Slightly and Import to Fluctuate Narrowly
2.4.2 Phosphorite Output to Further Go up and Export to Fluctuate Slightly
2.4.3 Sulfuric Acid Output to Improve Slightly and Sulfur Import to Go Up
CHAPTER THREE FORECAST AND ANALYSIS ON NITROGEN FERTILIZER MARKET, 2015-2016
3.1 2015 N-Fertilizer Overproduction was Aggravated
3.1.1 Location of Main N-Fertilizer Producers: Hubei, Henan and Shandong
3.1.2 N-Fertilizer Output up 6.2% Year on Year, Highest in the Last Three Years
3.1.3 Location of Urea Producers: Henan, Shandong and Shanxi
3.1.4 Urea Output Up to 34.65 Million MT, a Record High
3.1.5 A Slight Increase in Total Capacity
3.2 A Steady Growth of N-Fertilizer Consumption
3.2.1 Consumption of N-Fertilizer
3.2.1.1 Direct Consumption of N-Fertilizer by Province
3.2.1.2 Direct Consumption of N-Fertilizer by Crop Variety
3.2.2 Consumption of Urea
3.3 A Record High of Export Volume and a Fall in Export Price of Main N-Fertilizer Products in 2015
3.3.1 Urea Export Volume Decreased and Export Price Stabilized
3.3.1.1 Urea Export Down to 13.75 Million MT, the First Highest Level
3.3.1.2 Urea Export to India Accounted for 43.3%
3.3.1.3 Average Urea Export Price Dropped Slightly
3.3.2 Ammonium Chloride Export Ascended and Export Price Dropped
3.3.2.1 Ammonium Chloride Export Hit a Record High, 0.42 Million MT Higher than Last Year
3.3.2.2 Main Countries of Destination: Malaysia and Vietnam
3.3.2.3 2015 Average Ammonium Chloride Export Price Almost Same as 2014
3.3.3 Trade of Other N-Fertilizer Products
3.3.3.1 Ammonium Sulfate Export Hit a New Record of 5.28 Million MT
3.3.3.2 Ammonium Sulfate Export was 80,000 MT Less Than Last Year
3.4 After a Roller Coaster Ride, Main N-Fertilizer Product Prices Slumped Again in 2015
3.4.1 Anthracite Price Averaged at 830 RMB/MT, 149 RMB/MT Lower than Last Year
3.4.2 Urea Price Rose at First and Then Dropped to the Cost Line
3.4.3 Urea Production Margin Increased at First and Then Decreased, and Overall Profits Rebounded
3.5 N-Fertilizer Groups Analysis
3.5.1 Luxi Chemical Group Co., Ltd.
3.5.2 Sichuan Meifeng Chemical Industry Co., Ltd.
3.5.3 Hualu Hengsheng Group Co., Ltd.
3.5.4 Guizhou Chitianhua Industry Co., Ltd.
3.5.5 Sichuan Chemical Company Limited
3.5.6 Hubei Yihua Chemical Industry Co., Ltd.
3.6 N-fertilizer Market Forecast in 2016
3.6.1 N-Fertilizer and Urea Production Growth to Reduce
3.6.2 N-Fertilizer and Urea Consumption to Stabilize
3.6.3 N-Fertilizer Export Unable to Hit a New Record
3.6.4 N-Fertilizer Price and Production Margin to Further Go Down
CHAPTER FOUR FORECAST AND ANALYSIS ON PHOSPHATE FERTILIZER MARKET, 2015-2016
4.1 A Rapid Rise in P-Fertilizer Production in 2015
4.1.1 P-Fertilizer Output up 10.5% Year on Year, a High Point in the Last Three Years
4.1.2 Main P-Fertilizer Producing Provinces: Hubei, Guizhou, Yunnan and Sichuan
4.1.3 A Small Number of New-added Production Capacity
4.2 P-Fertilizer Consumption Stabilized
4.2.1 Consumption of P-Fertilizer
4.2.1.1 Direct Consumption of P-Fertilizer by Province
4.2.1.2 Direct Consumption of P-Fertilizer by Crop Variety
4.2.2 Consumption of DAP
4.2.2.1 Direct Consumption of DAP by Province
4.2.2.2 Direct Consumption of DAP by Crop Variety
4.3 P-Fertilizer Export Volume Hit a Historically High Point and Export Price Kept Increasing in 2015
4.3.1 DAP Export Price and Volume both Ascended
4.3.2 MAP Export Volume and Price both Ascended
4.3.3 Trade of Other P-Fertilizer Products
4.4 2015 Ammonium Acid Phosphate Price Improved
4.4.1 MAP Price Stabilized and Overall Price Rebounded Slightly
4.4.2 DAP Price Dropped but Overall Price Rose Slightly
4.4.3 MAP Production Margin Ascended Slightly
4.4.4 DAP Production Margin up Nearly 1 Time
4.5 P-Fertilizer Groups Analysis
4.5.1 Yunnan Yuntianhua Co., Ltd.
4.5.2 Anhui Liuguo Chemical Co., Ltd.
4.5.3 Wengfu Group
4.6 P-fertilizer Market Forecast in 2016
4.6.1 P-Fertilizer Production to Increase Steadily
4.6.2 P-Fertilizer Consumption to Stabilize
4.6.3 P-Fertilizer Export Volume to Increase and Export Price to Decrease
4.6.4 P-Fertilizer Market Price and Production Margin to Fall Slowly
CHAPTER FIVE FORECAST AND ANALYSIS ON POTASH FERTILIZER MARKET, 2015-2016
5.1Potash Production Topped 6 Million MT
5.1.1 Potash Output Reached 6.163 Million MT, up 8.6% Year on Year
5.1.2 Proportion of Potash Output in Qinghai and Xinjiang Increased to More 90%
5.1.3 Newly-added Potash Capacity mainly was from SOP
5.2 2015 K-Fertilizer Consumption Improved Gently
5.2.1 Consumption of K-Fertilizer
5.2.2 Consumption of MOP
5.2.2.1 Direct Consumption of MOP by Province
5.2.2.2 Direct Consumption of MOP by Crop Variety
5.3 2015 K-Fertilizer Import Price Dropped and Import Volume Hit a New Record
5.3.1 MOP Import Volume Hit a New Record
5.3.1.1 MOP Import Volume up 33% Year on Year
5.3.1.2 Main Original Countries: Belarus, Russian Federation and Canada
5.3.1.3 MOP Import Price Stabilized
5.3.2 A Continuous Drop in SOP Import Volume for Three Years
5.3.2.1 SOP Import Volume down 15.2%
5.3.2.2 SOP Export Price was 5 US Dollars/MT Lower than Last Year
5.4 Changes in Market Price of Main Potash Products in 2015
5.4.1 MOP Price Rebounded Slightly
5.4.2 SOP Price Dropped
5.5 K-Fertilizer Groups Analysis
5.5.1 Qinghai Salt Lake Industry Group Company Limited
5.5.2 Golmud Tibetan Potash Fertilizer Co., Ltd.
5.5.3 SDIC Xinjiang Luobupo Potassium Salt Co., Ltd.
5.6 K-fertilizer Market Forecast in 2016
5.6.1 K-Fertilizer Production Growth to Slow Down
5.6.2 K-Fertilizer Consumption to Increase Slightly
5.6.3 Potash Import Still will Maintain at a High Level
5.6.4 K-Fertilizer Price to Drop Slightly
CHAPTER SIX FORECAST AND ANALYSIS ON COMPOUND FERTILIZER MARKET, 2015-2016
6.1 2015 Compound Fertilizer Production Kept Increasing
6.1.1 Compound Fertilizer Production Increased Slightly
6.1.2 Newly-added Compound Fertilizer Capacity Mainly was from New-Type NPK
6.2 2015 NPK Consumption Ascended Slightly
6.2.1 Consumption of Compound Fertilizer
6.2.1.1 Direct Consumption of Compound Fertilizer by Province
6.2.1.2 Direct Consumption of Compound Fertilizer by Crop Variety
6.2.2 Consumption of NPK Compound Fertilizer
6.2.2.1 Direct Consumption of NPK Compound Fertilizer by Province
6.2.2.2 Direct Consumption of NPK Compound Fertilizer by Crop Variety
6.3 2015 NPK Import Further Rose, but Export Couldn’t Have a Breakthrough
6.3.1 NPK Import Rebounded Slightly
6.3.2 NPK Import Price was 13 US Dollars/MT Lower Than Last Year
6.3.3 Main Original Countries: Norway and Russian Federation
6.3.4 NPK Export Volume still Was Extremely Small
6.4 2015 NPK Price Ascended at First and then Dropped and Average Price Fell Slightly
6.5 Compound Fertilizer Groups Analysis
6.5.1 Kingenta Ecological Engineering Group Co., Ltd.
6.5.2 Stanley Fertilizer Limited by Share Ltd
6.5.3 Shenzhen Batian Ecotypic Engineering Company Limited.
6.5.4 Shindoo Chemi-Industry Co., Ltd.
6.5.5 Hubei Xinyangfeng Fertilizer Co., Ltd.
6.5.6 Anhui Sierte Fertilizer Industry Co., Ltd.
6.6 Compound Fertilizer Market Forecast in 2016
6.6.1 NPK Output to Further Go up
6.6.2 Growth of Compound Fertilizer Consumption will Decline
6.6.3 NPK Import still to Maintain at a High Level
6.6.4 NPK Price still to Fluctuate at a Low Level
ATTACHED TABLES
Table 1-1, Bench Mark Price of Railway Freight
Table 1-2, Changes in Rate of Freight of Fertilizer for Agriculture, 2006-2014
Table 3-1, Newly-Added Urea Capacity, 2015
Table 3-2, Shanxi Luxi Chemical Group’s Urea Subsidiaries
Table 3-3, Sichuan Meifeng’s Urea Subsidiaries
Table 3-4, Hubei Yihua’s Urea Subsidiaries
Table 3-5, China Nitrogenous Fertilizer Supply and Demand, 2008-2016
Table 3-6, China Urea Supply and Demand, 2008-2016
Table 4-1, Yuntianhua Group’s Ammonium Phosphate Subsidiaries
Table 4-2, Liuguo Chemical’s Ammonium Phosphate Subsidiaries
Table 4-3, Wengfu’s Ammonium Phosphate Subsidiaries
Table 4-4, China Phosphate Fertilizer Supply and Demand, 2008-2016
Table 5-1, China Potash Fertilizer Supply and Demand, 2008-2016
Table 6-1, 2015 Compound Fertilizer Capacity Newly Built and Proposed
Table 6-2, Location and Capacity of Kingenta’s Compound Fertilizer Producers
Table 6-4, Batian’s Compound Fertilizer Subsidiaries
Table 6-5, Location and Capacity of Shindoo Chemi-Industry’s NPK Subsidiaries
Table 6-6, Location and Capacity of Hubei Newyangfeng’s Compound Fertilizer Producing Subsidiaries
Attached Table 2-1, China’s Synthetic Ammonia Output by Month, 2011-2015
Attached Table 2-2, Synthetic Ammonia Output by Province, 2011-2015
Attached Table 2-3, China Synthetic Ammonia Imports by Month, 2011-2015
Attached Table 2-4, China’s Rock Phosphate Output by Month, 2011-2015
Attached Table 2-5, China’s Rock Phosphate Export by Month, 2011-2015
Attached Table 2-6, China’s Sulfuric Acid Output by Month, 2011-2015
Attached Table 2-7, Sulfur Imports by Month, 2011-2015
Attached Table 3-1, China’s N-fertilizer Output by Province, 2011-2015
Atached Table 3-2, China’s N-fertilizer Output by Month, 2011-2015
Attached Table 3-3, China’s Urea Output by Province, 2011-2015
Attached Table 3-4, China’s Urea Output by Month, 2011-2015
Attached Table 3-5, Direct Consumption of N- Fertilizer by Province, 2010-2014
Attached Table 3-6, Direct Consumption of N- Fertilizer by Crop Variety, 2010-2014
Attached Table 3-7, Direct Consumption of Urea by Province, 2010-2014
Attached Table 3-8, Direct Consumption of Urea by Crop Variety, 2010-2014
Attached Table 3-9, China’s Urea Exports by Month, 2011-2015
Attached Table 3-10, China’s Ammonium Chloride Exports by Month, 2011-2015
Attached Table 3-11, China’s Ammonium Sulfate Exports by Month, 2011-2015
Attached Table 3-12, China’s Ammonium Nitrate Exports by Month, 2011-2015
Attached Table 4-1, China’s P-fertilizer Output by Province, 2011-2015
Attached Table 4-2, China’s P-fertilizer Output by Month, 2011-2015
Attached Table 4-3, Direct Consumption of P- Fertilizer by Province, 2010-2014
Attached Table 4-4, Direct Consumption of P- Fertilizer by Crop Variety, 2010-2014
Attached Table 4-5, Direct Consumption of DAP by Province, 2010-2014
Attached Table 4-6, Direct Consumption of DAP by Crop Variety, 2010-2014
Attached Table 4-7, China’s DAP Exports by Month, 2011-2015
Attached Table 4-8, China’s MAP Exports by Month, 2011-2015
Attached Table 4-9, China’s SSP Exports by Month, 2011-2015
Attached Table 4-10, China’s TSP Exports by Month, 2011-2015
Attached Table 5-1, China’s K-fertilizer Output by Month, 2011-2015
Attached Table 5-2, China’s K-fertilizer Output by Province, 2011-2015
Attached Table 5-3, Direct Consumption of K- Fertilizer by Province, 2010-2014
Attached Table 5-4, Direct Consumption of K- Fertilizer by Crop Variety, 2010-2014
Attached Table 5-5, Direct Consumption of MOP by Province, 2010-2014
Attached Table 5-6, Direct Consumption of MOP by Crop Variety, 2010-2014
Attached Table 5-7, China’s MOP Imports by Month, 2011-2015
Attached Table 5-8, China’s SOP Imports by Month, 2011-2015
Attached Table 6-1, Direct Consumption of Compound Fertilizer by Province, 2010-2014
Attached Table 6-2, Direct Consumption of Compound Fertilizer by Crop Variety, 2010-2014
Attached Table 6-3, Direct Consumption of NPK Compound Fertilizer by Province, 2010-2014
Attached Table 6-4, Direct Consumption of NPK Compound Fertilizer by Crop Variety, 2010-2014
ATTACHED FIGURES
Fig.2-1, China’s Synthetic Ammonia Output, 2006-2015
Fig.2-2, Synthetic Ammonia Output by Province, 2015
Fig.2-3, China Synthetic Ammonia Imports, 2007-2015
Fig.2-4, Average Factory Prices of Synthetic Ammonia, 2014-2015
Fig.2-5, China’s Rock Phosphate Output, 2006-2015
Fig.2-6, China’s Rock Phosphate Exports and Price, 2013-2015
Fig.2-7, Average Factory Prices of 30% Rock Phosphate, 2014-2015
Fig.2-8, Changes in Sulfuric Acid Output in China, 2006-2015
Fig.2-9, Changes in Sulfur Imports in China, 2006-2015
Fig.2-10, Average Factory Prices of Solid Sulfur, 2013-2015
Fig.3-1, Proportion of N-fertilizer Output of Each Province,2015
Fig.3-2, Changes in N-fertilizer Output in China, 2006-2015
Fig.3-3, Proportion of Urea Output of Each Province, 2015
Fig.3-4, Changes in Urea Output in China, 2006-2015
Fig.3-5, Direct Consumption of N-Fertilizer by Province, 2014
Fig.3-6, Direct Consumption of N-Fertilizer by Crop, 2014
Fig.3-7, Direct Consumption of Urea by Province, 2014
Fig.3-8, Direct Consumption of Urea by Crop, 2014
Fig.3-9, Changes of China’s Urea Exports, 2004-2015
Fig.3-10, Changes of Urea Export Countries, 2007-2015
Fig.3-11, China Urea FOB Price by Month, 2012-2015
Fig.3-12, Changes of China Ammonium Chloride Export, 2006-2015
Fig.3-13, Changes of Ammonium Chloride Export Countries, 2009-2015
Fig.3-14, China Ammonium Chloride Export FOB Price by Month, 2012-2015
Fig.3-15, Changes of China Ammonium Sulfate Export, 2006-2015
Fig.3-16, Changes of China Ammonium Nitrate Export, 2006-2015
Fig.3-17, Factory Prices of Anthracite in Major Provinces, 2013-2015
Fig.3-18, Factory Prices of Urea in Major Provinces, 2012-2015
Fig.3-19, Urea Production Cost Using Coal as a Raw Material in Jincheng, Shanxi, 2013-2015
Fig.4-1, Changes in P-fertilizer Output in China, 2006-2015
Fig.4-2, Proportion of P-fertilizer Output of Each Province, 2015
Fig.4-3, Direct Consumption of P-Fertilizer by Province, 2010-2014
Fig.4-4, Direct Consumption of P-Fertilizer by Crop, 2010-2014
Fig.4-5, Direct Consumption of DAP by Province, 2014
Fig.4-6, Direct Consumption of DAP by Crop, 2014
Fig.4-7, Changes of China’s DAP Exports, 2006-2015
Fig.4-8, Changes of DAP Export Countries, 2008-2015
Fig.4-8, China DAP Export FOB Price by Month, 2013-2015
Fig.4-9, Changes of China’s MAP Exports, 2006-2015
Fig.4-10, Changes of MAP Export Countries, 2008-2015
Fig.4-11, China MAP Export FOB Price by Month, 2013-2015
Fig.4-12, Changes of China’s Other SSP Exports, 2006-2015
Fig.4-13, Changes of China’s TSP Exports, 2006-2015
Fig.4-14, Factory Prices of MAP(55% powder) in Major Provinces, 2012-2015
Fig.4-15, Factory Prices of 64% DAP in Major Provinces, 2012-2015
Fig.4-16, Average Production Cost of MAP in China, 2013-2015
Fig.4-17, Average Production Cost of DAP in China, 2013-2015
Fig.5-1, Changes in K-fertilizer Output in China, 2006-2015
Fig.5-2, Proportion of K-fertilizer Output of Each Province, 2015
Fig.5-3, Direct Consumption of K-Fertilizer by Province, 2014
Fig.5-4, Direct Consumption of K-Fertilizer by Crop Variety, 2014
Fig.5-5, Direct Consumption of MOP by Province, 2014
Fig.5-6, Direct Consumption of MOP by Crop Variety, 2014
Fig.5-7, Changes of China’s MOP Imports, 2006-2015
Fig.5-8, China’s MOP Imports by Country, 2008-2015
Fig.5-9, China MOP Import CIF Price by Month, 2013-2015
Fig.5-10, China’s SOP Imports, 2006-2015
Fig.5-11, China SOP Import CIF Price by Month, 2013-2015
Fig.5-12, Prices of Domestic 60% MOP and Imported Potassium, 2014-2015
Fig.5-13, Prevailing Price of SOP (50% Powder and 50% Granulated), 2014-2015
Fig.6-1, Changes in Compound Fertilizer Output in China, 2006-2015
Fig.6-2, Direct Consumption of Compound Fertilizer by Province, 2014
Fig.6-3, Direct Consumption of Compound Fertilizer by Crop Variety, 2014
Fig.6-4, Direct Consumption of NPK Compound Fertilizer by Province, 2014
Fig.6-5, Direct Consumption of NPK Compound Fertilizer by Crop Variety, 2014
Fig.6-6, NPK Compound Fertilizer Imports, 2006-2015
Fig.6-7, China NPK Compound Fertilizer Import CIF Price by Month, 2013-2015
Fig.6-8, NPK Compound Fertilizer Imports by Country, 2008-2015
Fig.6-9, NPK Compound Fertilizer Exports, 2006-2015
Fig.6-10, Average Factory Price of 45%CL (15-15-15) and 45% S (15-15-15) NPK, 2014-2015
CHAPTER ONE ANALYSIS ON POLICIES FOR FERTILIZER INDUSTRY IN 2015
1.1 Change of Agricultural Policy and Its Influence on Fertilizer Industry
1.1.1 A Drop in Agricultural Product Prices Influenced Fertilizer Market
1.1.2 No Influence of an Ajdustment of Subsidy Policies for Agriculture on Fertilizer Demand
1.2 Influence of Preferential Policies on Fertilizer Industry
1.2.1 An Increase in Railway Freight Had Little Influence on Fertilizer Market in the Short Term
1.2.2 Natural Gas Price Marketization will Speed up the Exit of Backward Urea Capacity
1.2.3 Along with the Cancelling of Preferential Price of Power for Fertilizer Production, High-Cost Producers Would be Eliminated
1.2.4 China Resumed Levying VAT on Fertilizer Sector, Bringing Great Influence on Potash Sector
1.2.5 Owing to the Tightening of Off-season Storage Policy, Off-season Reserves of Fertilizer in 2015 Further Went down
1.3 Influence of Other Policies on Fertilizer Industry
1.3.1 Simplification of Fertilizer Registration Procedure is Good for Development of New-Type Fertilizer
1.3.2 Along with the Loosening of Fertilizer Export Tariff, 2015 Fertilizer Export Hit a Record High
CHAPTER TWO ANALYSIS AND FORECAST ON UPSTEAM SECTORS OF FERTILIZER IN 2015-2016
2.1 Synthetic Ammonia Market Analysis in 2015
2.1.1 Ammonia Output Ascended Slightly to a Record High
2.1.2 Synthetic Ammonia Imports up about 1 times
2.1.3 Annual Average Price of Synthetic Ammonia down 6.2% year on year
2.2 Phosphorite Market Analysis in 2015
2.2.1 Phosphorite Output up 15% year on year
2.2.2 Phosphorite Export Decline Widened
2.2.4 Annual Average Price of Phosphorite down 3.3% year on year
2.3 Sulphur and Sulphuric Acid Market in 2015
2.3.1 Sulphuric Acid Output up 4.3% year on year
2.3.2 Sulfur Imports up 8%
2.3.3 2015 Average Sulfur Price was Almost Same as 2014
2.4 Forecast of Raw Material in 2016
2.4.1 Ammonia Output to Ascend Slightly and Import to Fluctuate Narrowly
2.4.2 Phosphorite Output to Further Go up and Export to Fluctuate Slightly
2.4.3 Sulfuric Acid Output to Improve Slightly and Sulfur Import to Go Up
CHAPTER THREE FORECAST AND ANALYSIS ON NITROGEN FERTILIZER MARKET, 2015-2016
3.1 2015 N-Fertilizer Overproduction was Aggravated
3.1.1 Location of Main N-Fertilizer Producers: Hubei, Henan and Shandong
3.1.2 N-Fertilizer Output up 6.2% Year on Year, Highest in the Last Three Years
3.1.3 Location of Urea Producers: Henan, Shandong and Shanxi
3.1.4 Urea Output Up to 34.65 Million MT, a Record High
3.1.5 A Slight Increase in Total Capacity
3.2 A Steady Growth of N-Fertilizer Consumption
3.2.1 Consumption of N-Fertilizer
3.2.1.1 Direct Consumption of N-Fertilizer by Province
3.2.1.2 Direct Consumption of N-Fertilizer by Crop Variety
3.2.2 Consumption of Urea
3.3 A Record High of Export Volume and a Fall in Export Price of Main N-Fertilizer Products in 2015
3.3.1 Urea Export Volume Decreased and Export Price Stabilized
3.3.1.1 Urea Export Down to 13.75 Million MT, the First Highest Level
3.3.1.2 Urea Export to India Accounted for 43.3%
3.3.1.3 Average Urea Export Price Dropped Slightly
3.3.2 Ammonium Chloride Export Ascended and Export Price Dropped
3.3.2.1 Ammonium Chloride Export Hit a Record High, 0.42 Million MT Higher than Last Year
3.3.2.2 Main Countries of Destination: Malaysia and Vietnam
3.3.2.3 2015 Average Ammonium Chloride Export Price Almost Same as 2014
3.3.3 Trade of Other N-Fertilizer Products
3.3.3.1 Ammonium Sulfate Export Hit a New Record of 5.28 Million MT
3.3.3.2 Ammonium Sulfate Export was 80,000 MT Less Than Last Year
3.4 After a Roller Coaster Ride, Main N-Fertilizer Product Prices Slumped Again in 2015
3.4.1 Anthracite Price Averaged at 830 RMB/MT, 149 RMB/MT Lower than Last Year
3.4.2 Urea Price Rose at First and Then Dropped to the Cost Line
3.4.3 Urea Production Margin Increased at First and Then Decreased, and Overall Profits Rebounded
3.5 N-Fertilizer Groups Analysis
3.5.1 Luxi Chemical Group Co., Ltd.
3.5.2 Sichuan Meifeng Chemical Industry Co., Ltd.
3.5.3 Hualu Hengsheng Group Co., Ltd.
3.5.4 Guizhou Chitianhua Industry Co., Ltd.
3.5.5 Sichuan Chemical Company Limited
3.5.6 Hubei Yihua Chemical Industry Co., Ltd.
3.6 N-fertilizer Market Forecast in 2016
3.6.1 N-Fertilizer and Urea Production Growth to Reduce
3.6.2 N-Fertilizer and Urea Consumption to Stabilize
3.6.3 N-Fertilizer Export Unable to Hit a New Record
3.6.4 N-Fertilizer Price and Production Margin to Further Go Down
CHAPTER FOUR FORECAST AND ANALYSIS ON PHOSPHATE FERTILIZER MARKET, 2015-2016
4.1 A Rapid Rise in P-Fertilizer Production in 2015
4.1.1 P-Fertilizer Output up 10.5% Year on Year, a High Point in the Last Three Years
4.1.2 Main P-Fertilizer Producing Provinces: Hubei, Guizhou, Yunnan and Sichuan
4.1.3 A Small Number of New-added Production Capacity
4.2 P-Fertilizer Consumption Stabilized
4.2.1 Consumption of P-Fertilizer
4.2.1.1 Direct Consumption of P-Fertilizer by Province
4.2.1.2 Direct Consumption of P-Fertilizer by Crop Variety
4.2.2 Consumption of DAP
4.2.2.1 Direct Consumption of DAP by Province
4.2.2.2 Direct Consumption of DAP by Crop Variety
4.3 P-Fertilizer Export Volume Hit a Historically High Point and Export Price Kept Increasing in 2015
4.3.1 DAP Export Price and Volume both Ascended
4.3.2 MAP Export Volume and Price both Ascended
4.3.3 Trade of Other P-Fertilizer Products
4.4 2015 Ammonium Acid Phosphate Price Improved
4.4.1 MAP Price Stabilized and Overall Price Rebounded Slightly
4.4.2 DAP Price Dropped but Overall Price Rose Slightly
4.4.3 MAP Production Margin Ascended Slightly
4.4.4 DAP Production Margin up Nearly 1 Time
4.5 P-Fertilizer Groups Analysis
4.5.1 Yunnan Yuntianhua Co., Ltd.
4.5.2 Anhui Liuguo Chemical Co., Ltd.
4.5.3 Wengfu Group
4.6 P-fertilizer Market Forecast in 2016
4.6.1 P-Fertilizer Production to Increase Steadily
4.6.2 P-Fertilizer Consumption to Stabilize
4.6.3 P-Fertilizer Export Volume to Increase and Export Price to Decrease
4.6.4 P-Fertilizer Market Price and Production Margin to Fall Slowly
CHAPTER FIVE FORECAST AND ANALYSIS ON POTASH FERTILIZER MARKET, 2015-2016
5.1Potash Production Topped 6 Million MT
5.1.1 Potash Output Reached 6.163 Million MT, up 8.6% Year on Year
5.1.2 Proportion of Potash Output in Qinghai and Xinjiang Increased to More 90%
5.1.3 Newly-added Potash Capacity mainly was from SOP
5.2 2015 K-Fertilizer Consumption Improved Gently
5.2.1 Consumption of K-Fertilizer
5.2.2 Consumption of MOP
5.2.2.1 Direct Consumption of MOP by Province
5.2.2.2 Direct Consumption of MOP by Crop Variety
5.3 2015 K-Fertilizer Import Price Dropped and Import Volume Hit a New Record
5.3.1 MOP Import Volume Hit a New Record
5.3.1.1 MOP Import Volume up 33% Year on Year
5.3.1.2 Main Original Countries: Belarus, Russian Federation and Canada
5.3.1.3 MOP Import Price Stabilized
5.3.2 A Continuous Drop in SOP Import Volume for Three Years
5.3.2.1 SOP Import Volume down 15.2%
5.3.2.2 SOP Export Price was 5 US Dollars/MT Lower than Last Year
5.4 Changes in Market Price of Main Potash Products in 2015
5.4.1 MOP Price Rebounded Slightly
5.4.2 SOP Price Dropped
5.5 K-Fertilizer Groups Analysis
5.5.1 Qinghai Salt Lake Industry Group Company Limited
5.5.2 Golmud Tibetan Potash Fertilizer Co., Ltd.
5.5.3 SDIC Xinjiang Luobupo Potassium Salt Co., Ltd.
5.6 K-fertilizer Market Forecast in 2016
5.6.1 K-Fertilizer Production Growth to Slow Down
5.6.2 K-Fertilizer Consumption to Increase Slightly
5.6.3 Potash Import Still will Maintain at a High Level
5.6.4 K-Fertilizer Price to Drop Slightly
CHAPTER SIX FORECAST AND ANALYSIS ON COMPOUND FERTILIZER MARKET, 2015-2016
6.1 2015 Compound Fertilizer Production Kept Increasing
6.1.1 Compound Fertilizer Production Increased Slightly
6.1.2 Newly-added Compound Fertilizer Capacity Mainly was from New-Type NPK
6.2 2015 NPK Consumption Ascended Slightly
6.2.1 Consumption of Compound Fertilizer
6.2.1.1 Direct Consumption of Compound Fertilizer by Province
6.2.1.2 Direct Consumption of Compound Fertilizer by Crop Variety
6.2.2 Consumption of NPK Compound Fertilizer
6.2.2.1 Direct Consumption of NPK Compound Fertilizer by Province
6.2.2.2 Direct Consumption of NPK Compound Fertilizer by Crop Variety
6.3 2015 NPK Import Further Rose, but Export Couldn’t Have a Breakthrough
6.3.1 NPK Import Rebounded Slightly
6.3.2 NPK Import Price was 13 US Dollars/MT Lower Than Last Year
6.3.3 Main Original Countries: Norway and Russian Federation
6.3.4 NPK Export Volume still Was Extremely Small
6.4 2015 NPK Price Ascended at First and then Dropped and Average Price Fell Slightly
6.5 Compound Fertilizer Groups Analysis
6.5.1 Kingenta Ecological Engineering Group Co., Ltd.
6.5.2 Stanley Fertilizer Limited by Share Ltd
6.5.3 Shenzhen Batian Ecotypic Engineering Company Limited.
6.5.4 Shindoo Chemi-Industry Co., Ltd.
6.5.5 Hubei Xinyangfeng Fertilizer Co., Ltd.
6.5.6 Anhui Sierte Fertilizer Industry Co., Ltd.
6.6 Compound Fertilizer Market Forecast in 2016
6.6.1 NPK Output to Further Go up
6.6.2 Growth of Compound Fertilizer Consumption will Decline
6.6.3 NPK Import still to Maintain at a High Level
6.6.4 NPK Price still to Fluctuate at a Low Level
ATTACHED TABLES
Table 1-1, Bench Mark Price of Railway Freight
Table 1-2, Changes in Rate of Freight of Fertilizer for Agriculture, 2006-2014
Table 3-1, Newly-Added Urea Capacity, 2015
Table 3-2, Shanxi Luxi Chemical Group’s Urea Subsidiaries
Table 3-3, Sichuan Meifeng’s Urea Subsidiaries
Table 3-4, Hubei Yihua’s Urea Subsidiaries
Table 3-5, China Nitrogenous Fertilizer Supply and Demand, 2008-2016
Table 3-6, China Urea Supply and Demand, 2008-2016
Table 4-1, Yuntianhua Group’s Ammonium Phosphate Subsidiaries
Table 4-2, Liuguo Chemical’s Ammonium Phosphate Subsidiaries
Table 4-3, Wengfu’s Ammonium Phosphate Subsidiaries
Table 4-4, China Phosphate Fertilizer Supply and Demand, 2008-2016
Table 5-1, China Potash Fertilizer Supply and Demand, 2008-2016
Table 6-1, 2015 Compound Fertilizer Capacity Newly Built and Proposed
Table 6-2, Location and Capacity of Kingenta’s Compound Fertilizer Producers
Table 6-4, Batian’s Compound Fertilizer Subsidiaries
Table 6-5, Location and Capacity of Shindoo Chemi-Industry’s NPK Subsidiaries
Table 6-6, Location and Capacity of Hubei Newyangfeng’s Compound Fertilizer Producing Subsidiaries
Attached Table 2-1, China’s Synthetic Ammonia Output by Month, 2011-2015
Attached Table 2-2, Synthetic Ammonia Output by Province, 2011-2015
Attached Table 2-3, China Synthetic Ammonia Imports by Month, 2011-2015
Attached Table 2-4, China’s Rock Phosphate Output by Month, 2011-2015
Attached Table 2-5, China’s Rock Phosphate Export by Month, 2011-2015
Attached Table 2-6, China’s Sulfuric Acid Output by Month, 2011-2015
Attached Table 2-7, Sulfur Imports by Month, 2011-2015
Attached Table 3-1, China’s N-fertilizer Output by Province, 2011-2015
Atached Table 3-2, China’s N-fertilizer Output by Month, 2011-2015
Attached Table 3-3, China’s Urea Output by Province, 2011-2015
Attached Table 3-4, China’s Urea Output by Month, 2011-2015
Attached Table 3-5, Direct Consumption of N- Fertilizer by Province, 2010-2014
Attached Table 3-6, Direct Consumption of N- Fertilizer by Crop Variety, 2010-2014
Attached Table 3-7, Direct Consumption of Urea by Province, 2010-2014
Attached Table 3-8, Direct Consumption of Urea by Crop Variety, 2010-2014
Attached Table 3-9, China’s Urea Exports by Month, 2011-2015
Attached Table 3-10, China’s Ammonium Chloride Exports by Month, 2011-2015
Attached Table 3-11, China’s Ammonium Sulfate Exports by Month, 2011-2015
Attached Table 3-12, China’s Ammonium Nitrate Exports by Month, 2011-2015
Attached Table 4-1, China’s P-fertilizer Output by Province, 2011-2015
Attached Table 4-2, China’s P-fertilizer Output by Month, 2011-2015
Attached Table 4-3, Direct Consumption of P- Fertilizer by Province, 2010-2014
Attached Table 4-4, Direct Consumption of P- Fertilizer by Crop Variety, 2010-2014
Attached Table 4-5, Direct Consumption of DAP by Province, 2010-2014
Attached Table 4-6, Direct Consumption of DAP by Crop Variety, 2010-2014
Attached Table 4-7, China’s DAP Exports by Month, 2011-2015
Attached Table 4-8, China’s MAP Exports by Month, 2011-2015
Attached Table 4-9, China’s SSP Exports by Month, 2011-2015
Attached Table 4-10, China’s TSP Exports by Month, 2011-2015
Attached Table 5-1, China’s K-fertilizer Output by Month, 2011-2015
Attached Table 5-2, China’s K-fertilizer Output by Province, 2011-2015
Attached Table 5-3, Direct Consumption of K- Fertilizer by Province, 2010-2014
Attached Table 5-4, Direct Consumption of K- Fertilizer by Crop Variety, 2010-2014
Attached Table 5-5, Direct Consumption of MOP by Province, 2010-2014
Attached Table 5-6, Direct Consumption of MOP by Crop Variety, 2010-2014
Attached Table 5-7, China’s MOP Imports by Month, 2011-2015
Attached Table 5-8, China’s SOP Imports by Month, 2011-2015
Attached Table 6-1, Direct Consumption of Compound Fertilizer by Province, 2010-2014
Attached Table 6-2, Direct Consumption of Compound Fertilizer by Crop Variety, 2010-2014
Attached Table 6-3, Direct Consumption of NPK Compound Fertilizer by Province, 2010-2014
Attached Table 6-4, Direct Consumption of NPK Compound Fertilizer by Crop Variety, 2010-2014
ATTACHED FIGURES
Fig.2-1, China’s Synthetic Ammonia Output, 2006-2015
Fig.2-2, Synthetic Ammonia Output by Province, 2015
Fig.2-3, China Synthetic Ammonia Imports, 2007-2015
Fig.2-4, Average Factory Prices of Synthetic Ammonia, 2014-2015
Fig.2-5, China’s Rock Phosphate Output, 2006-2015
Fig.2-6, China’s Rock Phosphate Exports and Price, 2013-2015
Fig.2-7, Average Factory Prices of 30% Rock Phosphate, 2014-2015
Fig.2-8, Changes in Sulfuric Acid Output in China, 2006-2015
Fig.2-9, Changes in Sulfur Imports in China, 2006-2015
Fig.2-10, Average Factory Prices of Solid Sulfur, 2013-2015
Fig.3-1, Proportion of N-fertilizer Output of Each Province,2015
Fig.3-2, Changes in N-fertilizer Output in China, 2006-2015
Fig.3-3, Proportion of Urea Output of Each Province, 2015
Fig.3-4, Changes in Urea Output in China, 2006-2015
Fig.3-5, Direct Consumption of N-Fertilizer by Province, 2014
Fig.3-6, Direct Consumption of N-Fertilizer by Crop, 2014
Fig.3-7, Direct Consumption of Urea by Province, 2014
Fig.3-8, Direct Consumption of Urea by Crop, 2014
Fig.3-9, Changes of China’s Urea Exports, 2004-2015
Fig.3-10, Changes of Urea Export Countries, 2007-2015
Fig.3-11, China Urea FOB Price by Month, 2012-2015
Fig.3-12, Changes of China Ammonium Chloride Export, 2006-2015
Fig.3-13, Changes of Ammonium Chloride Export Countries, 2009-2015
Fig.3-14, China Ammonium Chloride Export FOB Price by Month, 2012-2015
Fig.3-15, Changes of China Ammonium Sulfate Export, 2006-2015
Fig.3-16, Changes of China Ammonium Nitrate Export, 2006-2015
Fig.3-17, Factory Prices of Anthracite in Major Provinces, 2013-2015
Fig.3-18, Factory Prices of Urea in Major Provinces, 2012-2015
Fig.3-19, Urea Production Cost Using Coal as a Raw Material in Jincheng, Shanxi, 2013-2015
Fig.4-1, Changes in P-fertilizer Output in China, 2006-2015
Fig.4-2, Proportion of P-fertilizer Output of Each Province, 2015
Fig.4-3, Direct Consumption of P-Fertilizer by Province, 2010-2014
Fig.4-4, Direct Consumption of P-Fertilizer by Crop, 2010-2014
Fig.4-5, Direct Consumption of DAP by Province, 2014
Fig.4-6, Direct Consumption of DAP by Crop, 2014
Fig.4-7, Changes of China’s DAP Exports, 2006-2015
Fig.4-8, Changes of DAP Export Countries, 2008-2015
Fig.4-8, China DAP Export FOB Price by Month, 2013-2015
Fig.4-9, Changes of China’s MAP Exports, 2006-2015
Fig.4-10, Changes of MAP Export Countries, 2008-2015
Fig.4-11, China MAP Export FOB Price by Month, 2013-2015
Fig.4-12, Changes of China’s Other SSP Exports, 2006-2015
Fig.4-13, Changes of China’s TSP Exports, 2006-2015
Fig.4-14, Factory Prices of MAP(55% powder) in Major Provinces, 2012-2015
Fig.4-15, Factory Prices of 64% DAP in Major Provinces, 2012-2015
Fig.4-16, Average Production Cost of MAP in China, 2013-2015
Fig.4-17, Average Production Cost of DAP in China, 2013-2015
Fig.5-1, Changes in K-fertilizer Output in China, 2006-2015
Fig.5-2, Proportion of K-fertilizer Output of Each Province, 2015
Fig.5-3, Direct Consumption of K-Fertilizer by Province, 2014
Fig.5-4, Direct Consumption of K-Fertilizer by Crop Variety, 2014
Fig.5-5, Direct Consumption of MOP by Province, 2014
Fig.5-6, Direct Consumption of MOP by Crop Variety, 2014
Fig.5-7, Changes of China’s MOP Imports, 2006-2015
Fig.5-8, China’s MOP Imports by Country, 2008-2015
Fig.5-9, China MOP Import CIF Price by Month, 2013-2015
Fig.5-10, China’s SOP Imports, 2006-2015
Fig.5-11, China SOP Import CIF Price by Month, 2013-2015
Fig.5-12, Prices of Domestic 60% MOP and Imported Potassium, 2014-2015
Fig.5-13, Prevailing Price of SOP (50% Powder and 50% Granulated), 2014-2015
Fig.6-1, Changes in Compound Fertilizer Output in China, 2006-2015
Fig.6-2, Direct Consumption of Compound Fertilizer by Province, 2014
Fig.6-3, Direct Consumption of Compound Fertilizer by Crop Variety, 2014
Fig.6-4, Direct Consumption of NPK Compound Fertilizer by Province, 2014
Fig.6-5, Direct Consumption of NPK Compound Fertilizer by Crop Variety, 2014
Fig.6-6, NPK Compound Fertilizer Imports, 2006-2015
Fig.6-7, China NPK Compound Fertilizer Import CIF Price by Month, 2013-2015
Fig.6-8, NPK Compound Fertilizer Imports by Country, 2008-2015
Fig.6-9, NPK Compound Fertilizer Exports, 2006-2015
Fig.6-10, Average Factory Price of 45%CL (15-15-15) and 45% S (15-15-15) NPK, 2014-2015
