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    Home > Chemicals Industry > China Chemical > The nitrogen fertilizer industry had a good harvest last year

    The nitrogen fertilizer industry had a good harvest last year

    • Last Update: 2022-09-22
    • Source: Internet
    • Author: User
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      Sinochem New Network News At the 2022 Nitrogen Fertilizer Industry Work Conference and the 4th Council of the 7th China Nitrogen Fertilizer Industry Association held in Jiujiang City, Jiangxi from August 4th to 5th, Gu Zongqin, chairman of the China Nitrogen Fertilizer Industry Association, pointed out that in 2021, nitrogen fertilizer It is a very good year for the industry.
    The profit of the whole industry for the whole year exceeded 17 billion yuan, an increase of 389% over the previous year, and the profit rate reached 7.
    7%.
    It has achieved a rare good harvest for many years

    .

      Gu Zongqin summed up the three characteristics of the economic operation of the nitrogen fertilizer industry last year
    .
    First, the total nitrogen fertilizer production capacity decreased slightly, and the proportion of advanced technology production capacity increased

    .
    According to the statistics of the Nitrogen Fertilizer Association, China's synthetic ammonia production capacity in 2021 will be 64.
    88 million tons, a decrease of 490,000 tons over the previous year, and the production capacity using advanced coal gasification technology will be 32.
    84 million tons, accounting for 50.
    6% of the total production capacity, an increase of 4.
    5 percentage points over the previous year

    .
    Second, the nitrogen fertilizer market fluctuated sharply, and the industry's efficiency improved significantly

    .
    Last year, the entire industry realized a profit of more than 17 billion yuan, an increase of 389% over the previous year, and the profit rate reached 7.
    7%, achieving the best benefit in the past decade

    .
    Third, the apparent consumption of nitrogen fertilizer decreased slightly, and the non-agricultural demand increased significantly

    .
    In 2021, non-agricultural downstream benefits will be outstanding.
    The production, sales and prices of melamine and automotive urea have repeatedly hit new highs, driving strong growth in non-agricultural demand

    .

      Regarding the situation of the nitrogen fertilizer industry this year, the meeting believed that despite the influence of factors such as the conflict between Russia and Ukraine and the spread of the epidemic this year, the economic operation of China's nitrogen fertilizer industry has remained basically stable
    .
    From January to May, China's nitrogen fertilizer production and apparent consumption increased steadily, and the price of urea rose sharply.
    However, due to the large increase in raw materials, the industry profit margin declined slightly

    .

      According to the calculation of the Nitrogen Fertilizer Association, from January to May, the profit rate of China's nitrogen fertilizer industry was 9.
    94%, a year-on-year decrease of 0.
    05 percentage points

    .
    The output of nitrogen fertilizer, synthetic ammonia and urea increased by 0.
    7%, 3.
    4% and 3.
    7% respectively year-on-year

    .

      "From the current point of view, China's nitrogen fertilizer supply situation this year will be better than last year, and the supply guarantee can be implemented
    .
    The main reason is that the domestic production capacity is sufficient and the import and export policy is strictly controlled

    .
    " Wei Yong, director of the Information and Marketing Department of the Nitrogen Fertilizer Association, pointed out, but There are still some problems in the current industry operation

    .
    First, the coal supply guarantee policy needs to be further implemented

    .
    At present, the coal supply of most enterprises is still the same as in the past, the railway transportation capacity is not guaranteed, and the price continues to remain high

    .
    According to the statistics of the association, from January to May, the average ex-factory price of anthracite was 185 yuan (ton price, the same below), an increase of 80.
    6% year-on-year; the average ex-factory price of bituminous coal was 1,117 yuan, a year-on-year increase of 49.
    7%

    .
    Second, the price of electricity has risen sharply

    .
    From January to May, the average electricity price of key nitrogen fertilizer enterprises was 0.
    661 yuan/kWh, a year-on-year increase of 0.
    105 yuan/kWh, an increase of 18.
    9%

    .
    The power consumption per ton of urea is about 800 kWh, and the cost of urea has increased by 84 yuan year-on-year

    .
    The third is the high price of natural gas

    .
    From January to May, the average natural gas price of key gas head nitrogen fertilizer enterprises was 1.
    93 yuan/standard cubic meter, an increase of 11.
    5% year-on-year

    .
    The gas consumption per ton of urea is 700 cubic meters, and the cost of urea has increased by 139.
    3 yuan year-on-year

    .

      Regarding the industry operation trend in the second half of the year, Wei Yong believes that the rise in food prices will stimulate the increase in agricultural demand, and the improvement of the epidemic will also drive the increase in industrial demand.
    It is expected that the consumption of nitrogen fertilizer will increase

    .
    However, the nitrogen fertilizer plant put into operation in the first half of the year will significantly release production capacity in the second half of the year, when the market supply will be relatively loose, and it is expected that the price of nitrogen fertilizer will fluctuate and fall in the later period

    .

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