Global fertilizer market picks up hope that fertilizer companies are full of confidence

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The global demand for diammonium phosphate has been warming, demand for urea procurement in India will not be reduced, negotiations on potash fertilizers will continue to be stagnant, and the recovery of the global fertilizer market is just around the corner. Fertilizer companies have full confidence in the future. This is the message from the Global Fertilizer Conference held in Washington, USA, on September 13-16.
Participants found that demand for DAP in India, Pakistan and other countries will maintain a strong momentum for a long period of time, especially in the United States. DNG is in short supply, and some dealers are planning to import from the US Gulf and Russia. In order to ensure domestic supply, the North African region is waiting for China's fertilizer products to supply the international market again at an appropriate price after November. According to another report, despite the fact that global demand for DAP has dropped significantly since August, industry insiders predict that the price of DAP destined for India, Pakistan, and Latin America and Australia will bottom out and there will be no major fluctuations in the near future. .
In terms of nitrogen fertilizer, as the global urea market gradually recovered, the downward trend in prices has been curbed, and market participants are also looking forward to the urea market rebound. IPL company released a positive signal at the beginning of the conference, which increased market confidence. Participants widely believed that in the next 1 to 2 months, the purchase price of India will remain stable, while some traders stressed that the US market is The market that truly determines world prices will only recover from the U.S. market, and global nitrogen fertilizers can recover. It is understood that global traders believe that the urea price will drop to a new level on the basis of the benchmark price in the New Orleans market. However, the Middle East producers believe that the recovery of the Indian market will cause a slight rebound in urea prices. What is more worth mentioning is that the situation of bids in Bangladesh and other markets shows that the international urea supply is very sufficient and can fully meet the needs of the global market. It is also understood that the 83,000 tons of urea purchased by the Indian government will not be reduced. These urea will be sourced from the Middle East (Saudi Arabia, Kuwait and Qatar) and the United States.
In terms of potash fertilizer, this meeting did not pay too much attention to potash fertilizer. This may be due to the fact that potash fertilizers do not produce higher agricultural benefits like nitrogen and phosphate fertilizers. Although potash producers in North America and Russia also conducted in-depth discussions on global potash prices, they did not have much impact on participants. In the issue of whether China should sign a short-term or long-term import agreement for potash fertilizer, there has been great disagreement between supply and demand sides. Some U.S. potash fertilizer suppliers said that the amount of fertilizing fertilizer used by U.S. farmers is declining, and it is expected that demand for potassium fertilizer will also decrease. Since potash is not the nutrient that produces the most agricultural benefits, what we are most concerned about at this meeting is not potassium.

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