Himfr.com Predicts China Phosphate Fertilizer Export to Resume

BEIJING, Nov. 20 /PRNewswire/ -- Himfr.com ( http://www.himfr.com/ ), one
of China's leading B2B search platforms with more than 30 B2B industry
websites to its name, reports that recently, with the overall reduction in
tariff, the Chinese fertilizer
( http://www.cheaponsale.com/Products/ ) market has improved over the second
half of the year. In the first half of the year, the low season and decline in
raw material prices led product prices to fall. With export restrictions
creating a surplus in the market, China's chemical fertilizer
( http://www.cheaponsale.com/buy-chemical_fertilizer/ ) business has been in
hot water. With price plummeted 8% within a quarter and under a low season,
the phosphate fertilizer industry was hit worst.
As a whole, the export tax on fertilizer has been reduced in general, for
urea, in peak season the special tariff came down from 150% to 75%; in low
season, the minimum tariff came down to 10%, compare with 30% and 25% in 2008,
the new tariff is significantly lower.
The new export tariff policy set low season export benchmark prices for
nitrogen
( http://www.cheaponsale.com/buy-nitrogen/ ) and phosphate fertilizers. In the
export low seasons, if the export price is lower than the benchmark price, 10%
is applicable to the export tariffs; if the export price is higher than the
benchmark price, export tariff will be calculated based on a formula. So if
the product export price is higher than benchmark price, allowing it for a 10%
export tariff, both the export price and the tariff will become higher. The
new tariff policy promotes fertilizer enterprises to export.
To set a higher benchmark prices, enterprises will export actively. At
present, the ex-factory price of urea in the domestic market accounts for
1600-1700 yuan/ton, the Diammonium Hydrogen Phosphate
( http://www.cheaponsale.com/buy-Diammonium_Hydrogen_Phosphate/ ) 2700-3200
yuan/ton, and monoammonium phosphate
( http://www.cheaponsale.com/buy-monoammonium_phosphate/ ) 1800-2000 yuan/ton,
while the three products' benchmark price are 2300 yuan/ton, 4000 yuan/ton,
and 3700 yuan/ton, respectively, that the ex-factory price is much lower than
benchmark price. With domestic consumption in low season, enterprises export
enthusiasm will increase.
Domestic phosphorite ( http://www.cheaponsale.com/buy-phosphorite/ ) are
now at a much lower price than in the international market, sulfur
( http://www.himfr.com/buy-sulfur/ ) price is basically the same with the
international market, so domestic enterprises phosphate fertilizer market cost
less than aboard. It is estimated that sulfur will rise to 900 yuan/ton,
phosphorite 400 yuan/ton, and synthetic ammonia
( http://www.himfr.com/buy-synthetic_ammonia/ ) 2800 yuan/ton. With production
cost of domestic diammonium phosphate at 2100-2200 yuan/ton, and that the
international FOB price come down from 1100-1200 U.S dollar/ton to 550-650
U.S.
dollar/ton (3740-4420 yuan/ton), inclusive of costs in transportation,
warehousing, insurance and the low season's 10% export tariff, exporters will
enjoy a 1100-1600 yuan/ton profit. Himfr.com thus believes that domestic
phosphate fertilizer exports will resume rapidly.
For more information on the above products, please visit
http://www.cheaponsale.com .
For more information, please contact:

Himfr.com
Room 610, Ximen commercial Building, 256 Xinhua Street,
Tong Zhou district, Beijing, China 100110
Tel: +86-10-5211-8138
Email: cs@himfr.com

SOURCE Himfr.com

Himfr.com, Room 610, Ximen commercial Building, 256 Xinhua Street, Tong Zhou
district, Beijing, China 100110, +86-10-5211-8138, cs@himfr.com