**Frustration remains the same, survive in the cracks

Since October 2012, the number of factory inspections has increased significantly. The areas where inspection and repair facilities are relatively concentrated include Shandong, Jiangsu, Hebei, Henan, Hubei, and Hunan, and most of them are concentrated in compound fertilizer factories. Even if the manufacturers focus on overhauling, the sluggish market has always shrouded the entire acid market.

** Aspects: Today's Puguang Plant's factory price cuts are now being implemented at RMB 1340/tonne, down from RMB 40. The current inventory of solids in the plant is about 70,000 tons. The price of Wanzhou Port remained unchanged and remained at 1,420 yuan/ton, but the port inventory has already risen to 16,000 tons, and the pressure has already appeared.

Kuwait KPC announced on October 10th that 30,000 tons of pellets** were tendered. The successful bidder was Ruiqi, which was priced at US$160/ton low FOB Shuaibai. The schedule was October 25-27. The manufacturer then issued a new round of bidding, with the closing date to be on the 17th and the shipping schedule in early November. Manufacturers in the fourth quarter of negotiations with traders, prices still failed to reach a unification, which is the main reason for manufacturers to release the port spot ** sales bidding.

Qatar Tasweep completed a new round of 30,000-tonne tenders on October 16 in the middle or late November. The port of shipment was RasLaffan. The tender price has not yet been announced, but according to sources, the tender offer price is 158-159 US dollars. / Ton, the result may fall below $ 160/ton.

Phosphatic fertilizer: The mainstream factory price of an ammonium 55% pumice brick is 2350-2400 yuan/ton, and the actual transaction is a single proposal. According to market feedback, the lowest price is at around 2,200 yuan/ton. Diammonium 64% brown mainstream factory price 3100 yuan / ton, the market feedback the lowest price in the 2700-2800 yuan / ton.

It is forecasted that foreign ** offers have been low in the fourth quarter, and today's Sinopec's factory price of ** is again lowered. The operating rate of compound fertilizer manufacturers is always low, and the enthusiasm of factory delivery is not high. Most manufacturers of fertilizers have been using acetic acid equipment. In the parking state, the use of ** has been considerably worse than before. Coupled with the low price of downstream chemical plants, the acid market has a relatively large number of negative factors; this month's ** imports are about 80,000 to 90,000 tons, but exports are few, and imbalances in supply and demand have become uncontroversial. Upstream product prices have reduced cost pressures. However, there is no procurement in the downstream, and the market consumption capacity is limited. The acid market is under heavy pressure and survives in the cracks.