This chart shows NPK Fertilizer price assessments in USA Dollar per metric ton (USD/mt) in 3 locations, as follows:
- NPK Fertilizer (10-26-26), NEA (Northeast Asia): NPK Fertilizer (10-26-26), export spot price (formula), fob, Russia
- NPK Fertilizer (10-26-26), SEA (Southeast Asia): NPK Fertilizer (10-26-26), import spot price (formula), cfr, India
- NPK Fertilizer (16-16-16), CN (China): NPK Fertilizer (16-16-16), domestic spot price (formula), exw, China
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including NPK Fertilizer.
Data Use
NPK Fertilizer prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
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NPK Fertilizer Price Outlook
NPK Fertilizer Price Outlook. The price of NPK Fertilizer (China) was flat during June 2020. On a year-over-year basis, the prices of NPK Fertilizer (China) decreased significantly by 22%. Meanwhile, the average price of NPK Fertilizer (Southeast Asia) amounted to 285 USD per metric ton, from 350 USD per metric ton one year earlier. On a month-over-month basis, the price of NPK Fertilizer (Southeast Asia) is 3% lower than the price one month before.
The price of NPK Fertilizer (Northeast Asia) declined throughout June 2020, reaching 261 USD per metric ton. The price is 4% lower than the average price in the previous month and 26% lower than the average price one year before.
About NPK Fertilizer
About NPK Fertilizer. NPK Fertilizer (a.k.a. NPK) designates a group of fertilizers that contains all three major nutrients that are required in agriculture: nitrogen (N), phosphorus (P), and potassium (K). NPK Fertilizers have the important advantage of simplified application, since all nutrients can be dispensed in a single operation. Moreover, each granule of fertilizer has the same composition, ensuring uniform distribution of the nutrients in the soil.
The nutrient content in NPK Fertilizers is commonly expressed as a weight percentage (wt%) of N, P2O5 and K2O, in the respective order. If there are additional numbers in fertilizer grade, the fourth is wt% S and the fifth is wt% MgO.
Each of the main nutrients present in NPK Fertilizers has the following individual effect: nitrogen promotes plant growth, impacting plant size, weight and color; phosphorus promotes the reproductive phase of the plant, i.e., improves the quality and ripeness of seeds and fruits; potassium is responsible for nearly all metabolic processes of the plant which promote the synthesis of proteins and carbohydrates, important components for overall plant functions and immunity.
NPK Fertilizer Handling. NPK Fertilizers are hygroscopic, i.e., they absorb water molecules, and therefore the storage atmosphere should be air-conditioned. They can be stored at the plant in warehouses or in silos, with walls separating different grades of product. From the factory premises, it is usually shipped in bulk, inside polyethylene bags that can range from 40-50 kg bags to 500-1,200 kg big bags.
NPK Fertilizer Production. Raw materials and the respective production processes employed in the manufacturing of NPK Fertilizer are listed below.
- Ammonia + phosphate rock + potassium chloride/potassium sulfate + nitric acid (nitrophosphate route),
- Ammonia + mixture of sulfuric and phosphoric acids + potassium chloride/potassium sulfate (mixed acid route),
- Ammonium phosphate + potassium chloride
NPK Fertilizer Uses. The uses and applications of NPK Fertilizer may vary according to its specification. The main forms of NPK Fertilizer are nutrient ratio 1:1:1; nutrient ratio 1:2:3 and 1:1.5:2; nutrient ratio 1:1:1.5-1.7; nutrient ratio 3:1:1 and 2:1:1; and low-phosphate grades such as 15-5-20 and 15-9-15 in wt%. The ratios presented refer to N : P2O5 : K2O. For instance, 15-15-15 and 17-17-17 are weight percent specifications of each nutrient from fertilizers with a 1:1:1 ratio, while 24-8-8 and 30-10-10 are specifications from fertilizers with a 3:1:1 nutrient ratio.