Report Outline
CHAPTER ONE: MACRO-ECONOMY & FERTILIZER INDUSTRY'S DEVELOPMENT 1
1.1 China's Economic Situation 1
1.1.1 China's National Macro-Economy in 2008 & Economic Trend in 2009 1
1.1.2 Fulfillment of China's Economic Objectives in 2008 3
Table1.1 Fulfillment of Objectives Set for 2006-2008 3
1.1.3 Fulfillment of Agricultural Objectives in 2008 4
Table1.2 Fulfillment of Major Farm Product Supply Objectives Set in 2006-2008 4
1.1.4 Fulfillment of Objectives in Chemical Industry 4
Table1.3 Fulfillment of Major Chemical Product Supply Objectives Set in 2006-2008 5
1.1.5 Fulfillment of Objectives in Fertilizer Industry 5
Table1.4 Fulfillment of Fertilizer Objectives Set for 2006-2008 5
1.2 Impact of Agricultural Policies on Fertilizer Industry 5
1.2.1 Impact of State Grain Development Plan (2008 ~ 2020) on Fertilizer Market 5
1.2.2 Impact of Agricultural Subsidy on Fertilizer 6
1.2.3 Impact of Other Agricultural Policies on Fertilizer Market 6
1.3 Impact of Resource Policy on Fertilizer Production 7
1.3.1 Coal Policy Trend & Its Impact on Fertilizer Industry 7
1.3.2 Natural Gas Policy Trend & Its Impact on Fertilizer Industry 8
1.3.3 Mineral Resource Policy Trend & Its Impact on Fertilizer Industry 8
1.4 Readjustment of Fuel Policy & Its Impact on Fertilizer Distribution 9
1.5 Readjustment of Financial Policy & Its Impact on Fertilizer Industry's Development 10
1.6 Impact of International Financial Crisis on China's Fertilizer Market 10
1.7 Fixed Assets Investment in China's Fertilizer Industry 11
1.7.1 Investment in the Nitrogen Fertilizer Industry 11
Table1.5 Investment in the Nitrogen Fertilizer Industry 2005-2008 11
1.7.2 Investment in Phosphate fertilizer Industry 11
Table1.6 Investment in the Phosphate Fertilizer Industry 2005-2008 12
1.7.3 Investment in Potash fertilizer Industry 12
Table1.7 Investment in the Potash Fertilizer Industry 2005-2008 12
1.7.4 Investment in Compound Fertilizer Industry 12
Table1.8 Investment in the Compound Fertilizer Industry 2005-2008 13
1.8 Analysis of Fertilizer Industry's Competitiveness 13
1.8.1 Nitrogen Fertilizer Industry's Competitiveness 13
Table1.9 Competitiveness index of Nitrogen Fertilizer Industry 13
1.8.2 Phosphate Fertilizer Industry's Competitiveness 14
Table1.10 Competitiveness index of Phosphate Fertilizer Industry 14
1.8.3 Potash fertilizer Industry's Competitiveness 14
Table1.11 Competitiveness index of Potash Fertilizer Industry 15
1.8.4 Compound Fertilizer Industry's Competitiveness 15
Table1.12 Competitiveness index of Compound Fertilizer Industry 15
1.9 Changes in Fertilizer Product-Mix in 2008 15
Figure1.1 Proportion of China Fertilizer Production 16
1.10 Development of Fertilizer Distribution System 16
1.10.1 Overview of Fertilizer Distribution 16
1.10.2 Development of Farm Material Chain-Store Operation 17
1.10.3 Sinofert's Marketing Network 17
1.10.4 China Farm Supply Group's Marketing Network 18
1.10.5 Postal Farm Material Distribution 18
1.10.6 Foreign Enterprises' Fertilizer Distribution in China 18
CHAPTER TWO: REVIEW & OUTLOOK OF FERTILIZER MARKET IN 2008-2009 19
2.1 Market Review for 2008 19
2.1.1 Analysis of Fertilizer Industry's Boom Index in 2008 19
Table2.1 Economic Indicators of Fertilizer Industry in 2008 19
Figure2.1 Profit margin of chemical fertilizer manufacture 19
2.1.2 Fertilizer Market Trend in 2008 20
2.1.3 Impact of International Fertilizer Price on Chinese Market 20
Figure2.2 International Fertilizer Prices 21
2.1.4 Impact of Fertilizer Export Tax on Domestic Fertilizer Market 21
Figure2.3 Duty Rate for China's Exported Fertilizer 2007-2008 22
2.1.5 Analysis of Fertilizer Input/Yields in Crop Farming 22
Figure2.4 Returns from Major Crops in China 23
Figure2.5 Grain/Fertilizer Price Ratio 23
2.1.6 Fertilizer Production in 2008 24
Figure2.6 Monthly Total Fertilizer Production 24
2.1.7 Fertilizer Imports & Exports in 2008 24
Figure2.7 China Fertilizer Net Imports 25
Figure2.8 Proportion of China Fertilizer Imports 2007 25
Figure2.9 Proportion of China Fertilizer Imports 2008 26
Figure2.10 Proportion of China Fertilizer Exports 2008 26
Figure2.11 Proportion of China Fertilizer Exports 2008 26
2.1.8 Fertilizer Consumption in 2008 27
2.1.9 Fertilizer Price Trend in 2008 27
Figure2.12 Producer's Prices of Fertilizers 2006-2008 28
Figure2.13 Retail Prices of Fertilizers 1997-2008 29
2.2 Outlook of Fertilizer Market in 2009 30
2.2.1 Outlook of Fertilizer Market Trend in 2009 30
2.2.2 Estimates of Fertilizer Input/Yields in Crop Farming in 2009 30
2.2.3 Fertilizer Import Quotas & Import Agents in 2009 31
Table2.2 Preferential Tariff Rate Fertilizer Import Quotas for 2009 31
2.2.4 Fertilizer Import & Export Tax Policy for 2009 31
Figure2.14 Duty Rate for China's Exported Fertilizer 2008-2009 32
2.2.5 Government's Fertilizer Market Policy Orientation in 2009 32
2.2.5.1 Policy on Investment in Fertilizer Industry 32
2.2.5.2 Tax Policy & Preferential Treatment Policy 33
2.2.5.3 Policy for Fertilizer Reserve during Off-Season of Consumption 33
2.2.5.4 Fertilizer Import & Export Policy in 2009 33
2.2.5.5 Fertilizer Price Policy 34
2.2.5.6 Environmental Protection Policy 34
2.2.6 Estimates of Fertilizer Production in 2009 35
2.2.7 Estimates of Fertilizer Imports & Exports in 2009 35
2.2.8 Estimates of Fertilizer Consumption in 2009 35
CHAPTER THREE: REVIEW & OUTLOOK OF NITROGEN FERTILIZER MARKET IN 2008-2009 36
3.1 Review of Nitrogen fertilizer Market in 2008 36
3.1.1 Analysis of Nitrogen fertilizer Industry's Boom Index in 2008 36
Table3.1 Economic Indicators of Nitrogenous Fertilizer Industry in 2007 36
Figure3.1 Profit margin of Nitrogenous Fertilizer Industry 36
3.1.2 Nitrogen fertilizer Industry's Cost & Profit 37
Table3.2 Production Cost of Urea 37
3.1.3 Analysis of Nitrogen fertilizer Market in 2008 37
3.1.4 Nitrogen fertilizer Production in 2008 37
Figure3.2 Monthly Nitrogen Fertilizer Production 38
Figure3.3 Proportion of Nitrogen Fertilizer Production 2007 38
Figure3.4 Proportion of Nitrogen Fertilizer Production 2008 38
3.1.5 Nitrogen fertilizer Imports & Exports in 2008 39
Figure3.5 Monthly Urea Exports 39
3.1.6 Nitrogen fertilizer Consumption in 2008 39
3.1.7 Review of Urea Market in 2008 40
3.1.7.1 Analysis of Urea Market in 2008 40
3.1.7.2 Urea Production in 2008 40
Figure3.6 Monthly Urea Production 40
3.1.7.3 Urea Consumption in 2008 41
3.1.7.4 Urea Price Trend in 2008 41
3.1.7.4 Urea market trend 41
Figure3.7 China Urea Monthly Retail Prices 41
3.1.8 ABC Market in 2008 42
3.1.8.1 ABC Production in 2008 42
3.1.8.2 ABC Consumption in 2008 42
3.1.8.3 ABC Price Trend in 2008 42
Figure3.8 China ABC Monthly Retail Prices 42
3.2 Outlook of Nitrogen fertilizer Market in 2009 43
3.2.1 Potential Increase in Nitrogen fertilizer Productive Capacity in 2009 43
3.2.2 Outlook of Nitrogen fertilizer Market in 2009 43
3.2.3 Outlook of Urea Market in 2009 44
3.2.4 Impact of Customs Tariff on Urea Exports 44
Figure3.9 Duty Rate for China's Exported Urea 2007-2009 45
3.2.5 Outlook of Coal Supply & Natural Gas Supply to Urea Industry 45
3.2.6 Estimates of Nitrogen fertilizer production in 2009 45
3.2.7 Estimates of Nitrogen fertilizer Imports & Exports in 2009 46
3.2.8 Estimates of Nitrogen fertilizer Consumption in 2009 46
CHAPTER FOUR: REVIEW AND OUTLOOK OF PHOSPHATE FERTILIZER MARKET 2008-2009 47
4.1 Review of Phosphate Fertilizer Market in 2008 47
4.1.1 Analysis of Phosphate Industry's Boom Index in 2008 47
Table4.1 Operation Performance of the Phosphate Fertilizer Industry in 2008 47
Figure4.1 Profit Margin of Phosphate Fertilizer Industry 47
4.1.2 Phosphate Industry's Cost & Profit in 2008 48
Table4.2 Production Cost of SSP 48
4.1.3 Analysis of Phosphate Market in 2008 48
4.1.4 Phosphate Production in 2008 48
Figure4.2 Monthly Phosphate Fertilizer Production 49
Figure4.3 Proportion of Phosphate Fertilizer Production 2008 49
Figure4.4 Proportion of Phosphate Fertilizer Production 2007 50
4.1.5 Phosphate Imports & Exports in 2008 50
Figure4.5 Monthly TSP Exports 50
Figure4.6 Monthly SSP Exports 51
4.1.6 Phosphate Consumption in 2008 51
4.1.7 Phosphate Price Trend in 2008 51
Figure4.7 China SSP Monthly Retail Prices 52
4.2 Outlook of Phosphate Fertilizer Market in 2009 52
4.2.1 Outlook of Phosphate Market Trend in 2009 52
4.2.2 Outlook of Phosphate Raw Material Supply in 2009 52
4.2.3 Estimates of Phosphate Production in 2009 53
4.2.4 Estimates of Phosphate Imports & Exports in 2009 53
Figure4.8 Duty Rate for China's Exported TSP 2008-2009 53
Figure4.9 Duty Rate for China's Exported SSP 2008-2009 54
4.2.5 Estimates of Phosphate Consumption in 2009 54
CHAPTER FIVE: REVIEW AND OUTLOOK OF POTASH FERTILIZER MARKET 2008-2009 55
5.1.1 Analysis of Potash fertilizer Industry's Boom Index in 2008 55
Table5.1 Operation Performance of the Potash Fertilizer Industry in 2006 55
Figure5.1 Profit Margin of Potash Industry 55
5.1.2 Potash fertilizer Industry's Production Cost & Profit in 2008 56
Table5.2 Production Cost of K-fertilizer 56
5.1.3 Potash fertilizer Production by Qinghai Salt Lake Potash fertilizer Corp. 56
5.1.4 Potash fertilizer Production by Xinjiang Lop Nor Potash Fertilizer Co. Ltd. 56
5.1.5 Progress of Other Potash fertilizer Projects 57
5.1.6 Analysis of Potash fertilizer Market in 2008 57
5.1.7 Potash fertilizer Production in 2008 57
Figure5.2 Monthly Potash fertilizer Production 58
5.1.8 Potash fertilizer Imports & Exports in 2008 58
Figure5.3 Monthly MOP Imports 58
Figure5.4 Monthly SOP Imports 59
5.1.9 Potash fertilizer Consumption in 2008 59
5.1.10 Potash fertilizer Price Trend in 2008 59
Figure5.5 China MOP Monthly Retail Prices 60
Figure5.6 SOP Monthly Retail Prices 60
Figure5.7 China Imported MOP(red) Prices At Ports 61
Figure5.8 China Imported MOP(white) Prices At Ports 61
5.2 Outlook of Potash fertilizer Market in 2009 61
5.2.1 Estimates of Potash fertilizer Productive Capacity in 2009 61
5.2.2 Estimates of Potash fertilizer Market Trend in 2009 62
5.2.3 Estimates of Potash fertilizer Production in 2009 62
5.2.4 Outlook of Potash fertilizer Import Negotiations in 2009 62
5.2.5 Estimates of Potash fertilizer Imports & Exports in 2009 63
5.2.6 Estimates of Potash fertilizer Consumption in 2009 63
CHAPTER SIX: REVIEW AND OUTLOOK OF COMPOUND FERTILIZER MARKET 2008-2009 64
6.1 Review of Compound Fertilizer Market in 2008 64
6.1.1 Analysis of Compound Fertilizer Industry's Boom Index in 2008 64
Table6.1 Operation Performance of Compound Fertilizer Industry in 2008 64
Figure6.1 Profit Margin of Compound Fertilizer Industry 64
6.1.2 The Compound Fertilizer Industry's Cost & Yields in 2008 65
Table6.2 Production Cost of Compound Fertilizer 65
6.1.3 Impact of Sulfur Imports on Compound Fertilizer Market in 2008 65
6.1.4 Analysis of Compound Fertilizer Market Trend in 2008 65
6.1.5 Compound Fertilizer Production in 2008 66
Figure6.2 Monthly DAP Production 66
6.1.6 Compound Fertilizer Imports & Exports in 2008 66
Figure6.3 Monthly DAP Imports 67
Figure6.4 Monthly DAP Exports 67
Figure6.5 Monthly MAP Exports 67
Figure6.6 Monthly Complex Fertilizer (NPK) Imports 68
Figure6.7 Monthly Complex Fertilizer (NPK) Exports 68
6.1.7 Compound Fertilizer Consumption in 2008 68
6.1.8 NPK DAP & MAP Price Trend in 2008 69
Figure6.8 China DAP Monthly Retail Prices 69
Figure6.9 China NPK Monthly Retail Prices 69
Figure6.10 China Imports DAP Prices at Ports 70
Figure6.11 China Imported NPK Prices at Ports 70
6.2 Outlook of Compound Fertilizer Market in 2009 70
6.2.1 Estimates of Compound Fertilizer Industry's Capacity Expansion in 2009 70
6.2.2 Outlook of Compound Fertilizer Market Trend in 2009 71
6.2.3 Readjustment of Compound Fertilizer Export Tax & Its Impact on Compound Fertilizer Market in 2009 71
Figure6.12 Duty Rate for China's Exported DAP 2007-2009 72
Figure6.13 Duty Rate for China's Exported MAP 2008-2009 72
Figure6.14 Duty Rate for China's Exported NPK 2008-2009 73
6.2.4 Estimates of Compound Fertilizer Production in 2009 73
6.2.5 Estimates of Compound Fertilizer Imports & Exports in 2009 73
6.2.5.1 Estimates of DAP & MAP Imports & Exports 73
6.2.5.2 Estimates of NPK Imports & Exports 73
6.2.6 Estimates of Compound Fertilizer Consumption in 2009 74
CHAPTER SEVEN: REVIEW AND OUTLOOK OF RELATED INDUSTRIES 2008-2009 75
7.1. Review & Outlook of Synthetic Ammonia Market in 2008 ~ 2009 75
7.1.1 Coal & Natural Gas Supply in 2008 75
7.1.2 Synthetic Ammonia Production in 2008 75
Figure7.1 Monthly Ammonium Production 75
7.1.3 Synthetic Ammonia Imports & Exports in 2008 76
7.1.4 Synthetic Ammonia Price Trend in 2008 76
7.1.5 Estimates of Synthetic Ammonia Production in 2009 76
7.1.6 Estimates of Synthetic Ammonia Imports & Exports in 2009 76
7.2 Review & Outlook of Phosphorite Market in 2008 ~ 2009 76
7.2.1 Analysis of Phosphorite Supply in 2008 76
7.2.2 Phosphorite Production in 2008 77
Figure7.2 Monthly Phosphorite Production 78
7.2.3 Phosphorite Imports & Exports in 2008 78
Figure7.3 Monthly Phosphorite Exports 78
7.2.4 Phosphorite Price Trend in 2008 79
7.2.5 Estimates of Phosphorite Production in 2009 79
7.2.6 Estimates of Phosphorite Imports & Exports in 2009 79
7.3 Review & Outlook of Sulfur & Sulfuric Acid Market in 2008 ~ 2009 79
7.3.1 Analysis of Sulfur & Sulfuric Acid Supply in 2008 79
7.3.2 Sulfur & Sulfuric Acid Production in 2008 80
Figure7.4 Monthly Sulphric Acid Production 80
7.3.3 Pyrites Production in 2008 80
7.3.4 Sulfur & Sulfuric Acid Imports & Exports in 2008 81
Figure7.5 Monthly Sulfur Imports 81
7.3.5 Price Trend of Sulfur Sulfuric Acid & Pyrites in 2008 81
7.3.6 Estimates of Sulfur & Sulfuric acid Production in 2009 82
7.3.7 Estimates of Pyrites Production in 2009 82
7.3.8 Estimates of Sulfur & Sulfuric Acid Imports in 2009 82
7.4 Review & Outlook of Phosphoric Acid in 2008 ~ 2009 82
7.4.1 Phosphoric Acid Production in 2008 82
7.4.2 Phosphoric Acid Imports & Exports in 2008 82
7.4.3 Estimates of Phosphoric Acid Production in 2009 83
7.4.4 Estimates of Phosphoric Acid Imports & Exports in 2009 83
APPENDIX I
TABLE
Chemical Fertilizer 84
Table1 Chemical Fertilizer Balance Sheet 2004-2009 84
Table2 Import by Major Chemical Fertilizer Products 2004-2008 84
Table3 Exports by Major Chemical Fertilizer Products 2004-2008 85
Table4 Chemical Fertilizer Production 2004-2008 86
Table5 Chemical Fertilizer Consumption 2004-2008 87
N-Fertilizer 88
Table6 N-Fertilizer Balance Sheet 2004-2009 88
Table7 Balance Sheet of Urea in China 2004-2009 88
Table8 N-Fertilizer Production by Variety 2004-2008 89
Table9 N-Fertilizer Production 2004-2008 89
Table10 N-Fertilizer Consumption 2004-2008 90
Table11 China's Urea Imports by Country Original 2004-2008 91
Table12 China's Urea Exports by Destination Country 2004-2008 91
Table13 Urea Imports by Customs 2004-2008 93
Table14 China's Urea Exports by Customs 2004-2008 93
Table15 China's Urea Imports by Provinces 2004-2008 94
Table16 China's Urea Exports by Provinces 2004-2008 95
P-Fertilizer 96
Table17 P-Fertilizers Balance Sheet 2004-2009 96
Table18 P-Fertilizer Production by Variety 2004-2008 96
Table19 P-Fertilizer Production 2004-2008 97
Table20 P-Fertilizer Consumption 2004-2008 98
K-Fertilizer 99
Table21 K-Fertilizers Balance Sheet 2004-2009 99
Table22 K-Fertilizer Production by Variety 2004-2008 99
Table23 K-Fertilizer Production 2004-2008 99
Table24 K-Fertilizer Consumption 2004-2008 100
Table25 China's MOP Imports by Country Original 2004-2008 101
Table26 China's MOP Exports by Destination Country 2004-2008 102
Table27 MOP Imports by Customs 2004-2008 104
Table28 China's MOP Exports by Customs 2004-2008 104
Table29 MOP Imports by Provinces 2004-2008 105
Table30 China's SOP Imports by Country Original 2004-2008 106
Table31 China's SOP Exports by Destination Country 2004-2008 106
Table32 SOP Imports by Customs 2004-2008 108
Table33 China's SOP Exports by Customs 2004-2008 108
Table34 SOP Imports by Provinces 2004-2008 109
Compound Fertilizer 110
Table35 Balance Sheet of Compound Fertilizer in China 2004-2009 110
Table36 Balance Sheet of DAP in China 2004-2009 110
Table37 Balance Sheet of NPK in China 2004-2009 110
Table38 Compound Fertilizer Production 2004-2008 111
Table39 Compound Fertilizer Consumption 2004-2008 112
Table40 China's NPK Imports by Country Original 2004-2008 113
Table41 China's NPK Exports by Destination Country 2004-2008 113
Table42 NPK Imports by Customs 2004-2008 116
Table43 China's NPK Exports by Customs 2004-2008 117
Table44 NPK Imports by Provinces 2004-2008 118
Table45 China's DAP Imports by Country Original 2004-2008 118
Table46 China's DAP Exports by Country Destination 2004-2008 119
Table47 DAP Imports by Customs 2004-2008 121
Table48 China's DAP Exports by Customs 2004-2008 121
Table49 DAP Imports by Province 2004-2008 122
Chemical Fertilizer Related Products 123
Table50 China's Import by Major Chemical Fertilizer Related Products 2004-2008 123
Table51 China's Production by Major Chemical Fertilizer Related Products 2004-2008 123
Table52 China's Sulfur Import by Country Original 2003-2007 123
Table53 China's Sulfur Import by Customs 2004-2008 125
Table54 China's Exports by Major Chemical Fertilizer Related Products 2004-2008 126
Table55 China Phosphorite Exports by Destination Country 2004-2008 126
Table56 China Phosphorite Exports by Customs 2004-2008 127
APPENDIX II
CHRONICLES OF CHEMICAL FERTILIZER MARKET IN 2007 129
Policy 129
Investment & Construction 131
Investment & Construction in Nitrogen Fertilizer Industry 131
Investment in potash Fertilizer 133
Investment in Phosphate and Compound Fertilizers 134
