The fertilizer market is preparing for spring plowing, with a structural rise in prices

As the spring plowing preparation season arrives, the fertilizer market welcomes the traditional peak demand period. Recently, the domestic fertilizer market has shown a structural upward trend, with prices of nitrogen, phosphorus, and potassium rising, and compound fertilizer prices stabilizing at high levels with a significant year-on-year increase, attracting widespread attention in the industry. According to monitoring data from ZhuoChuang Information, the price trends of major fertilizer varieties in January varied. Among them, the average market price of urea reached 1,755 yuan/ton, an increase of 2.16% month-on-month and 3.53% year-on-year. The increase in phosphorus fertilizer is even more pronounced, with the average monthly price of 55% monoammonium phosphate at 3,873.82 yuan/ton, up 2.49% month-on-month and a staggering 28.79% year-on-year; the average monthly price of 64% diammonium phosphate was 4,366.05 yuan/ton, with a slight increase of 0.42% month-on-month and a year-on-year increase of 12.56%. Potassium fertilizer prices have shown a steady rise; as of January 28, the monthly average price of 62% white potassium at the port was 3,258 yuan/ton, with a slight increase of 0.09% month-on-month and a year-on-year increase of 24.66%. The compound fertilizer market is stabilizing at high levels, with the monthly ex-factory average price of 45% compound fertilizer at approximately 3,136 yuan/ton, down 2.37% month-on-month, but still up 16.36% compared to the same period last year. (Shanghai Securities News)