Compound fertilizer price reduction trend

As spring plowing preparations are wrapping up in some regions, the current compound fertilizer market has shown a noticeable slowdown. Despite expectations of improvement, the market remains sluggish. In northern areas, which are currently in the peak season for high-nitrogen fertilizer use, the ongoing decline in urea prices has had a negative impact on this segment. Additionally, the recent increase in railway freight rates has added further pressure to transportation costs. According to reports, the factory price for 45% chlorine-based compound fertilizer is now between 1,800 and 1,900 yuan per ton, while the ex-factory price for 45% NPK compound fertilizer stands at 2,150 to 2,250 yuan per ton, showing a stable trend so far. On the surface, the fertilizer market appears calm, but from a cost-accounting perspective, the downward trend in compound fertilizer prices is clearly visible. Analysts suggest that the market may face continued downward pressure in the coming months, as supply and demand dynamics, along with rising logistics costs, continue to shape the market landscape.