Domestic compound fertilizer market continues to decline

    The domestic market for compound fertilizer continued to decline, and the price of compound fertilizer continued to fall. Currently, the mainstream price of 45%[15~15~15] chlorine-based compound fertilizer is 2380-2430 yuan/ton, 45%[15~15~15]sulphur. The main ex-factory price of base compound fertilizer is 2550-2650 yuan/ton. Recently, the price of some compound fertilizer manufacturers in Shandong dropped by 20-30 yuan/ton, and the mainstream pricing in the market was mainly based on a single proposal. At present, there are signs of start-up in the markets of Jiangxi, Hunan and Guangdong and Guangxi. The price of 45% sulfur-based compound fertilizer in Guangdong is 2750-3000 yuan/ton. The market in Central Plains has not seen improvement yet. The northeast market has reached its final stage and the local market has never appeared. The dealers are more cautious in preparing fertilizers and it is expected that the short-term fertilizer market will continue to fall.

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