The economic operation of the nitrogen fertilizer industry in 2021 presents 5 major characteristics

On May 13, the "2022 Spring Nitrogen Fertilizer Market Situation Analysis Conference" hosted by the China Nitrogen Fertilizer Industry Association was held in Beijing by video conference.
The main task of the conference was to release the previous year's national nitrogen fertilizer production and market information, and analyze the current nitrogen fertilizer.
Industry situation, study the market development trend in spring and the whole year, and clarify the focus of this year's market work
.

Gu Zongqin, chairman of China Nitrogen Fertilizer Industry Association, delivered an important speech at the meeting on "Working together, overcoming difficulties, and making every effort to ensure the stable operation of the domestic nitrogen fertilizer market"
.
He pointed out that in 2021, under the strong leadership of the CPC Central Committee and the strong support of government departments at all levels, the nitrogen fertilizer industry will overcome many difficulties such as the new crown epidemic, tight raw material supply, and double control of energy consumption, and strive to do a good job in nitrogen fertilizer production.
With high market profits, nitrogen fertilizer resources are given priority to the domestic market, which ensures a stable supply of domestic nitrogen fertilizers, keeps nitrogen fertilizer prices in a reasonable range, and makes important contributions to China's agricultural harvest
.

Gu Zongqin said that the economic operation of China's nitrogen fertilizer industry in 2021 mainly presents five major characteristics
.
First, nitrogen fertilizer production capacity decreased slightly, and advanced production capacity increased significantly; second, nitrogen fertilizer production decreased year-on-year; third, imports decreased and exports increased; fourth, non-agricultural consumption increased significantly; fifth, nitrogen fertilizer and chemical product prices rose significantly
.

According to statistics from the China Nitrogen Fertilizer Industry Association, by the end of 2021, the national synthetic ammonia production capacity will total 64.
88 million tons/year, a year-on-year decrease of 490,000 tons/year
.
Among them, the production capacity using advanced coal gasification technology is 32.
84 million tons/year, accounting for 50.
6% of the total production capacity, an increase of 4.
5 percentage points year-on-year
.
The national urea production capacity totaled 65.
4 million tons/year, a year-on-year decrease of 460,000 tons/year
.
Among them, the urea production capacity of advanced coal gasification technology is 32.
63 million tons/year, accounting for 49.
9% of the total production capacity, an increase of 4.
0 percentage points
.
From January to December last year, the country's cumulative production of synthetic ammonia was 59.
092 million tons, a year-on-year increase of 0.
4%; nitrogen fertilizer output was 39.
785 million tons (converted to pure nitrogen), a year-on-year decrease of 1.
2%; urea output was 55.
627 million tons In kind, it decreased by 1.
1% year-on-year
.

According to customs statistics, China's nitrogen fertilizer exports from January to December last year were 6.
833 million tons (in pure form), a year-on-year increase of 8.
3%, and imports were 219,000 tons (in pure form), a year-on-year decrease of 9.
6%
.
From January to December, China exported 5.
299 million tons of urea in kind, a year-on-year decrease of 2.
8%
.
From January to December, China imported 54,000 tons of urea in kind, a year-on-year increase of 3218.
9%
.

According to the calculation of China Nitrogen Fertilizer Industry Association, from January to December 2021, the apparent consumption of nitrogen fertilizer in China was 33.
183 million tons (in pure form), a year-on-year decrease of 3.
0%; the apparent consumption of urea was 50.
381 million tons, a year-on-year decrease of 0.
8%
.
Among them, urea consumption in non-agricultural fields was about 20.
09 million tons, a year-on-year increase of 7.
4%, and nitrogen fertilizer consumption in non-agricultural fields was 10.
107 million tons of pure nitrogen, a year-on-year increase of 6.
7%
.

According to statistics, from January to December 2021, the national cumulative average ex-factory price of urea was 2,313 yuan/ton, a year-on-year increase of 40.
3%; the average ex-factory price of commercial liquid ammonia was 3,735 yuan/ton, a year-on-year increase of 42.
7%; the average ex-factory price of refined methanol produced by nitrogen fertilizer enterprises The price was 2,544 yuan/ton, a year-on-year increase of 40.
3%
.
Month by month, the price increase in the first five months was relatively small, and the price increase in the last seven months was relatively large
.
According to the statistics of China Nitrogen Fertilizer Industry Association, the cumulative average ex-factory price of urea from January to May was 1,986 yuan/ton, a year-on-year increase of 317 yuan/ton, an increase of 19.
0%
.
After June, due to the double control of energy consumption, the skyrocketing coal price and the increase in the price of nitrogen fertilizer in the international market, the price of urea rose sharply
.

Gu Zongqin pointed out that, in general, in the first half of 2021, driven by a series of national measures to ensure supply and stabilize prices, and with the joint efforts of all nitrogen fertilizer production and distribution enterprises, domestic nitrogen fertilizer supply was stable and prices were relatively stable
.
In the second half of the year, affected by rising raw material prices and production restrictions, the supply of nitrogen fertilizers was tight, and prices rose considerably.
However, compared with international market prices, domestic nitrogen fertilizer market prices were still relatively low
.