The fertiliser shortage is not a new story, but in Europe it is heading deeper. Rising gas prices are making the business of producing nitrogen fertiliser in Europe a losing proposition.
In August, the domestic diammonium phosphate market trend is still weak, the price of raw material sulfur has fallen, the market continues to wait and see, the terminal demand has not been started, and the new orders of enterprises are limited.
Bumper harvests over the past four years have provided relatively healthy stocks for the rice market.
The latest data from the institution shows that the price of phosphate ore in China has risen rapidly this year and recently stood at 1000 yuan/ton.
Economic sanctions and political tensions due to the Russian-Ukrainian conflict have affected the global fertilizer market this year.
Time flies like a fleeting moment! In the blink of an eye, 2022 is halfway through, and urea has delivered a fairly satisfactory result despite the complicated situation this year.