China urea imports surge to over 300,000 T in 2017

2018-01-04 16:07:00 Import & Export,  Steel Products sxcoal.com

China urea imports hit a record high of more than 300,000 tonnes in 2017, surging 11 times from the volume in 2013, sources said.


Industry insiders deemed it possible, adding part of the imports had arrived at domestic ports, some were on the way.


With urea price spread between domestic and overseas markets these years, China's urea exports have slumped these years while the imports have surged year by year.



Data showed the imports totaled 30,400 tonnes in 2013, 5,867 tonnes in 2014, 7,640 tonnes in 2015 and 65,800 tonnes in 2016.


One of the insiders said it was very likely the surged imports would be resold to other countries no matter domestic importers bought before or after India issued a tender with CFR purchase price of $235-240/t.


Customs data showed China imported 114,600 tonnes of urea in the first 11 months last year, indicating there were 200,000 tonnes or so flowing into the country in December.


Insiders also noted the surged imports wouldn't yet bring noticeable changes in the domestic market.


In January-November of 2017, China exported 4.1 million tonnes of this fertilizer, tumbling 49.7% from a year ago.


(Writing by Alex Guo   Editing by Tammy Yang)
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