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In mid-April, in order to ensure the domestic use of spring plowing, the state decided to add 100% special export tariffs to all export fertilizers and some chemical fertilizers based on the current export tax rate from April 20 to September 30. Affected by this, in April, China's fertilizer exports began to fall. According to the analysis of the economic data provided by the Petrochemical Association, in April, China's chemical fertilizer exports (refine, the same below) were 585,000 tons, an increase of 87.6% year-on-year, an increase of 82.8 percentage points from the first quarter. Among them, the export of nitrogen fertilizer was 431,000 tons, an increase of 193.7% year-on-year, an increase of 9.3% compared with the first quarter; and the export of phosphate fertilizer was 133,000 tons, a year-on-year decrease of 13.4%.
At the same time, China's fertilizer production has also slowed down significantly. In April, China's fertilizer production (refine, the same below) totaled 5.449 million tons, an increase of 4.1% year-on-year, and the growth rate was down 11.2% year-on-year. Among them, nitrogen fertilizer and phosphate fertilizer output were 3.854 million tons and 1.282 million tons, respectively, an increase of 3.4% and 3.1%, respectively, an increase of 12 percentage points year-on-year decline.
The economic data provided by the petrochemical association also shows that in April, when the peak season for spring plowing was used, market demand gradually increased, and fertilizer prices continued to rise. Except for urea being subject to strict price limits, the growth of other major chemical fertilizers exceeds 50%. In April, the average price of monoammonium phosphate market reached 4,050 yuan/ton, up by 105.9% year-on-year; the average price of diammonium phosphate was 4,100 yuan/ton, up 59.9% year-on-year; the market prices of chlorine-based and sulfur-based compound fertilizer increased by 55.3% year-on-year. And 58.9%.
Fortunately, China's fertilizer industry continues to maintain a relatively rapid growth. In April, China's fertilizer manufacturing industry realized a total industrial output value of 42.64 billion yuan, an increase of 48.9% year-on-year and an increase of 3.6%. Among them, the nitrogen fertilizer manufacturing industry achieved a total industrial output value of 17.35 billion yuan, a year-on-year increase of 34%, an increase of 5% from the previous period; the total output value of the phosphate fertilizer manufacturing industry was 5.88 billion yuan, an increase of 72.8% year-on-year, and an increase of 6.7% from the previous month; the compound fertilizer manufacturing industry realized The total industrial value was 16.66 billion yuan, a year-on-year increase of 59.7%, and a month-on-month increase of 0.5%.
Production and exports both fell back In the first quarter, the fertilizer industry, which was affected by factors such as tight supply of raw materials and escalating prices and slower domestic demand, has been noticed by the industry. Under the promotion of the national macro-control policy, significant changes have now taken place. From the statistical communique just released by the China Petroleum and Chemical Industry Association, the economic operation started to return to rationality in April: Fertilizer production slowed down significantly and exports began to fall.