Hubei Fertilizer Enterprises Commit to Implement Price Policy

On the 14th, the heads of 11 fertilizer production and sales companies in Hubei Province pledged to consciously assume social responsibility and strictly implement the national fertilizer price policy at the reminding meeting of the fertilizer price policy organized by the Provincial Price Bureau.

The monitoring data shows that since April, the price of chemical fertilizers has continued to rise. The price increase of chemical fertilizers in some regions has exceeded 30% year-on-year, and domestic urea prices have risen to 2,400 yuan/ton. Some companies took the opportunity to increase prices in disguise and drive up prices, disrupting the normal order of the fertilizer market. A special inspection of fertilizer prices conducted by the price department of Hubei Province showed that the ex-factory price of some manufacturers exceeded the upper limit of the government's guidance price, and the ex-factory price of urea reached 2,000 yuan/ton, and generally adopted the method of sales only, settlement before sales, etc. Avoiding price checks; Some fertilizer distributors and agents have broken through the state-stipulated difference rate, which directly boosted the rise in retail prices. In this regard, Hubei Provincial Price Bureau reiterated the fertilizer price-related policies, and require companies to consciously assume social responsibility, strict implementation of the national fertilizer policy, does not exceed the national limit of the ex-factory price, do a good job in price reporting and price adjustment filing, to maintain the fertilizer market The price is stable.

Relevant persons stated that after this reminder meeting, if any price violations are found, they will be dealt with severely, strictly, and expeditiously. At the reminder meeting, the relevant person in charge of Sinopec Hubei Chemical Fertilizer Branch revealed that after the country raised the export tariffs on urea and diammonium phosphate, the price of fertilizers in some regions has dropped back. With the advent of the off-season demand for fertilizers, the trend of fertilizer prices has risen too fast. It will ease.

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