Nitrogen fertilizer companies stated: Standardize urea export business and do a good job in ensuring supply and stable price

Sinochem News On April 22, the China Nitrogen Fertilizer Industry Association issued the \”Initiative on Standardizing the Export Business of Urea and Maintaining the Order of Urea Export\” to all nitrogen fertilizer manufacturers.
Immediately after the Zhengzhou Commodity Exchange issued the \”Announcement on the Implementation of Trading Limits on Some Urea Futures Contracts\” on the same day, starting from April 24, 2024, non-futures company members or customers will place orders on the 2406, 2407, 2408 and 2409 contracts of urea futures. The maximum number of daily opening transactions is 2,000 lots.
In recent days, the China Nitrogen Association’s initiative has aroused strong response from nitrogen fertilizer and urea companies, including Mingquan Group Co., Ltd., Anhui Haoyuan Chemical Group Co., Ltd., Jiangsu Huachang Chemical Co., Ltd., Hebei Dongguang Chemical Co., Ltd., Linggu Chemical Industry Group Co., Ltd., Henan Xinlianxin Chemical Industry Group Co., Ltd., Hebei Yangmei Zhengyuan Chemical Industry Group Co., Ltd. and other key nitrogen fertilizer manufacturers expressed in interviews that they must follow the Nitrogen Fertilizer Association’s initiative to standardize export business and conscientiously Do a good job in ensuring supply and stabilizing prices.
The refinery of Mingquan Group Co., Ltd. has more than 2 million tons of urea. Its synthetic ammonia output and urea output are among the top in Shandong Province, and both are among the top ten in the domestic industry.
Sun Honghai, chairman of the company, said that after the China Nitrogen Association issued an initiative to standardize the urea export business and maintain the order of urea exports, they responded immediately and conducted repeated studies on the international market situation. They believed that the current export of urea products has no price advantage. For the time being, Regardless of product exports, we will continue to delve into the domestic market to ensure stable supply and ensure good spring farming.
Jia Jian, deputy general manager of Anhui Haoyuan Chemical Group Co., Ltd., said that the company has no export inspection business for the time being. If there is export business in the future, it will strictly follow the requirements of the China Nitrogen Association and customs inspection procedures.
At present, enterprises are operating at full capacity, mainly to meet domestic industrial and agricultural production needs, especially to ensure the use of fertilizers for agricultural spring plowing, and to actively stabilize prices and ensure supply.
Hu Bo, chairman of Jiangsu Huachang Chemical Co., Ltd., said that while the company insists on focusing on the domestic market and ensuring the use of fertilizers for spring plowing and preparation, it also focuses on exploring the international market and has launched the export of urea products to ensure legal compliance.
In the next step, the company will strictly comply with government requirements and conscientiously complete the inspection application work in strict accordance with the requirements of the China Nitrogen Association\’s initiative.
Wang Zhihe, chairman of Hebei Dongguang Chemical Co., Ltd., said that Dongguang Chemical currently does not carry out inspection and export business.
As a key urea manufacturer in the country and the largest urea manufacturer in Hebei Province, Dongguang Chemical will actively respond to the China Nitrogen Association’s initiative, strictly regulate the signing of urea export trade contracts, standardize export inspection and customs declarations, etc., and actively maintain the order of urea exports.
At present, the company is operating at full capacity to produce fertilizers, and is doing its best to stabilize the price and supply of spring plowing fertilizers in Hebei Province and surrounding provinces.
Zheng Nan, general manager of Henan Xinlianxin International Trading Co., Ltd., said that Xinlianxin Group, as one of the largest urea manufacturers in China, has always carefully followed the national and industry recommendations.
He said that in the past few decades, Xinlianxin Group has always maintained its original aspirations and has done a lot of effective work in ensuring the supply of domestic fertilizer markets and ensuring national food security, and has been praised by the Ministry of Industry and Information Technology many times.
In terms of exports, Xinlianxin Group, as a China Customs AEO advanced certification enterprise, is at the forefront of the industry in terms of product quality and export operation standardization. Every single urea export will undergo legal inspection in accordance with national regulations.
Xinlianxin Group will definitely respond to the self-discipline initiative proposed by the Nitrogen Fertilizer Association and ensure that export data is accurate and quickly transmitted to relevant departments.
Xinlianxin Group will also actively cooperate with national policy needs in both international and domestic markets, and contribute Xinlianxin\’s strength to ensure the overall stable supply of the domestic fertilizer market.
Wang Weijun, Secretary of the Party Committee and Chairman of Hebei Lu\’an Zhengyuan Chemical Group Co., Ltd., said that Zhengyuan Group actively responded to the call of the country and the Nitrogen Fertilizer Association to ensure supply and stable prices. Urea was operating at full capacity. In the first quarter, all 320,000 tons of urea produced were put into Hebei, Fujian, and Guangdong. In other domestic markets, the export inspection business of urea has not been carried out.
In the later period, on the basis of ensuring domestic supply, Zhengyuan Group will strictly comply with relevant national regulations to conduct export inspections, standardize inspection behavior, carry out urea export business in a timely manner according to international demand, and work with the association to maintain the order of China\’s urea exports.