Vneconomy.vn – It is forecast by Mr. Vo Van Quyen – Director of Domestic Market Department (Ministry of Industry and Trade) that national demand of fertilizer in the 4th Quarter, 2012 is about 550,000 tons while the supply is nearly 850,000 tons which ensure the stable supply and demand of fertilizers till end of the year.
As for supplying, it is known that Phu My, Ca Mau and Ha Bac Fertilizer Plants are under stable operations and Ninh Binh Fertilizer Plant has also been put into operations by end of September with 85% capacity; therefore, total amount of urea production in the last quarter of the year is expected to reach 550 thousand tons. In addition to that, about 140 thousand tons of market inventory and 150 thousand tons imported in the last 3 months of the year will make the total supply reach 850 thousand tons. Thus, urea supply in the 4th Quarter will be ensured for the Winter-Spring crop.
As for pricing, domestic urea pricing has been stable in recent days and tends to slightly decrease due to low demand, which so resulted in price lowering among competitive agents for capital recovery. In the world market, the price of CIS urea is about 380 USD/ton FOB while Middle Eastern urea imported to Thailand is about 420 USD/ton CFR. The world’s price tends to be stable with fewer fluctuation in recent weeks and forecast to slightly increase in October and year-end.
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