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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