Water Soluble Fertilizers Prices Trend and Forecast

North America

The US Water-Soluble fertilizers Prices continued to fall during the fourth quarter due to falling raw material costs. The cost of water-soluble fertilizers decreased by about 1.5% in October compared to the previous month's cost. A sufficient supply of downstream fertilizers and declining upstream ammonia and nitrogen costs have put pressure on the prices of water-soluble fertilizers in the domestic US market. The cost of Water-Soluble Fertilizers has decreased, and there are market uncertainties in the area. The market demand has fallen, which has put pressure on WSF stockholders' quotes to decline due to the hoarding of downstream fertilizers.

APAC

The pricing trend for Water-Soluble Fertilizers in the Asia-Pacific region remained low in Q4 due to a lack of demand from downstream fertilizer markets. Q4 was one of the lowest quarters for WSF pricing because of the decline in demand from industrial and agricultural consumers in the region. It is projected that the mood will remain negative until Q1 2023. Regular export amounts from China have also started to become a staple of the market, and certain Suppliers are already discussing potential December deliveries to Northeast Asia at reduced pricing. In addition, market players had already stockpiled supplies to prevent any imbalance for the impending new year's demand as more orders are anticipated.

Europe

Prices for European Water-Soluble Fertilizers initially varied but ultimately stayed on the low side during Q4 2022. The fourth Quarter's fluctuating demand was reflected in how the downstream fertilizer market reacted. Russia increased the import quotas for all nitrogen fertilizers in November, which helped to boost the domestic supply. Some nitrogen-based fertilizer production plants in Europe have closed due to increased coal and Natural Gas Prices, which are the primary raw materials necessary to produce fertilizers. Logistics were also kept in good shape by the fact that freight prices continued to be on the cheap side and that there were enough containers available.

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