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    Home > Agriculture News > Fertilizer News > Severe losses in the fertilizer industry. Fertilizer companies are deep in bankruptcy

    Severe losses in the fertilizer industry. Fertilizer companies are deep in bankruptcy

    • Last Update: 2022-03-06
    • Source: Internet
    • Author: User
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    According to reports, recently, Chen Hongkun, vice president of Jinzhengda Ecological Engineering Group, told reporters: "From the compound fertilizer industry, there are probably more than 200 million production capacity in the country, and the actual production and sales are only about 50 million tons, to 60 million.
    Tons, in fact, the operating rate of the entire industry is less than 30%.
    ” On the one hand, there is a serious overcapacity; on the other hand, many small and medium-sized enterprises compete with low prices and start price wars, even lower than the cost price, so that the entire fertilizer industry The loss is serious.
    In Linshu County, Shandong Province, there were hundreds of local fertilizer companies a few years ago, but now a large number of them have closed down.
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