Economic data released in the chemical industry. In August fertilizer production fell 1.7%, nitrogenous fertilizer production 3.9%, phosphate and potash fertilizers production growth of 0.1% and 11.6%, respectively. In January-August this year, 45.8 million tons of chemical fertilizers, down 2.3%, where n and p production decreased by 3.1% and 2.9%, potash production increased 7.6%.
Data show that in 2014 from 1 July, the fertilizer industry total sales total of 499.4 billion yuan, an increase of 4.9%, total profits 11.839 billion yuan, compared with 31.6%. Nitrogen, potash and phosphate sales revenue was 147.615 billion yuan, 15.298 billion yuan, 53.494 billion yuan, respectively reducing 5.1%, growth, growth 16.1%.
Industry profits, with the exception of compound fertilizer and organic fertilizer and microbial fertilizer grew, others showed a downward trend. Under the influence of urea prices dropped significantly, from 1 to the nitrogen industry July deficit of 3.281 billion yuan, profit margins are only-2.22%, industry losses reached 49.1%; phosphates and potash achieved double-digit growth in both sales and profits decreased by 18.7% and 21%. Meanwhile, fertilizer and organic fertilizer and microbial fertilizer rise, 8.573 billion yuan and profits of 3.465 billion yuan, respectively, the total profits far exceeds that of nitrogen, potash and phosphate industries.