Phosphorus storage will start overseas urea rose

This week's larger increase in products: methyl ethyl ketone, 12.0%; neoprene (A-90), the Yangtze River Delta, 11.1%; ** (98%, the Yangtze River Delta), 5.9%; ** (solid, long triangle), 4.8%; adipic acid (Yangtze River Delta), 4.7%.

This week's big drop: coal tar (Yangtze River Delta), -3.0%; TDI (Yangtze River Delta), -3.0%; ** (Yangtze River Delta), -2.3%; pure pyridine (Shanghai Zhongshan), -1.7% ;** (Yangtze River Delta), -1.6%. ? Phosphorus light storage started, potassium supply shortage. This week, the dry season reserve for Phosphate fertilizers started in 2010-2011. Although the planned reserve volume of 700,000 tons was reduced from the previous year's 1 million tons, the supply of phosphate fertilizers remained tight due to the production reduction in the first half of the year and the large amount of exports in the previous period. 2900 yuan / ton.

The shortage of supply in the potash fertilizer market has not been eased. The transportation in the Qinghai region has not been smooth, and the border trade and port arrival volume have both fallen. At the same time, the utilization rate of downstream compound fertilizers remains high, and it is expected that the price of potash fertilizer will still have room to rise. The price of urea overseas has skyrocketed and domestic production restrictions have increased. This week, overseas urea prices rose sharply again, with Yuriyue (FOB) rising by US$20/tonne to US$300/tonne, and the United States Gulf (FOB) rising by US$11 to US$303/tonne. The recent domestic energy-saving and production-restricting work has had a major impact on urea companies. Under the combined effect of the sharp rise in overseas prices, urea prices in North China and East China have generally risen by RMB 10-20/ton this week. We expect that as the country gradually eliminates outdated production capacity and adjusts the industrial structure, the situation of oversupply in the urea industry is expected to gradually improve, and advantageous companies will benefit in the long term.

Energy-saving production restrictions push up the price of chlor-Alkali products. Since August 26, the State Council has formed six inspection teams to conduct special inspections on energy-saving and emission reduction in 18 key regions, and various localities have issued measures to restrict production in high energy-consuming industries. Affected by this, prices of calcium carbide, PVC and other products have recently risen, and some enterprises with resource advantages will benefit from it.

Phosphorus chemical industry continues to improve. Phosphorus ore market maintained a good momentum under the demand of downstream phosphate fertilizers, this week, Sichuan, Guizhou and other places appeared 10-30 yuan / ton gains. The price of yellow phosphorus continued to rise in the near future due to factors such as limited energy production, poor transportation, low initial inventory, and good downstream demand.

Refrigerant prices rose again. As the foreign methane chloride production line has not yet recovered, and the demand for PTFE and other fluorine materials continues to rise, the export volume of domestic PTFE raw material R22 has increased. In August, the prices of major domestic giant Juhua and Shandong Dongyue R22 refrigerant products were raised from RMB 15,000/ton to RMB 17,500/ton. At present, the supply of R22 is relatively scarce, and the market price in East China reached 20,000 yuan/ton, which has risen by about 30% since the beginning of August. The fluorine chemical industry has enjoyed good business conditions recently.