To ensure stable supply and price, the regulatory authorities launched a strong attack. Following the joint research on the coal and iron ore markets conducted by the national development and Reform Commission and the General Administration of market supervision on June 17 and 21, the two departments recently launched a joint research focusing on the urea market.
According to the national development and Reform Commission (NDRC) on June 28, the NDRC and the State Administration of Market Supervision recently sent a joint research team to Henan and Hebei provinces to carry out special research to understand the operation of the fertilizer futures and spot markets. The research group went to Zhengzhou Commodity Exchange, some urea production and circulation enterprises and agricultural materials sales stores to learn about the supply and demand of urea market, spot and futures prices, enterprise operation, product export, etc., analyze and judge the market situation and price trend in the later period, and listen to the opinions and suggestions on how to ensure the supply and price stability of agricultural materials such as fertilizer.
The two departments said that in the next step, they will continue to pay close attention to the market dynamics of agricultural means such as urea with relevant departments, strengthen market supervision, resolutely crack down on hoarding, bidding up prices, fabricating and spreading price increase information, and maintain the market order and price stability of agricultural means such as fertilizer.
Stabilize the price of agricultural materials such as chemical fertilizer
Since the beginning of this year, the domestic fertilizer price has entered a rising channel.
Zhang Linglu, an analyst of Everbright futures, said that China’s current round of urea price rise was caused by the macro environment. Since the fourth quarter of last year, in order to stimulate economic recovery, developed economies have implemented monetary easing policies to varying degrees, adding fuel to this round of commodity bull market.
Industry insiders pointed out that the current “three summers” critical period, the state timely control, severely crack down on price speculation. After intensive regulation and control, the growth rate will probably not rise sharply again.