Representatives of all parties reached a consensus at the industry situation analysis meeting on chemical fertilizers and pesticides entering the industrial restructuring period.

The fertilizer market, which has been on an upward trajectory for over a year, appears to have stabilized in the second half of this year. However, this stability is expected to be short-lived, as the industry is likely to enter another phase of restructuring. Industry experts predict that next year will bring a peak of adjustments. These insights were shared at the "Agricultural Resources Daily" conference on August 25th and 26th, where leaders, experts, and representatives from the fertilizer and pesticide sectors gathered to discuss current trends and future prospects. Tang Tiejun, Director of the Price Division at the National Development and Reform Commission, emphasized that the government's guidance price for fertilizers will remain unchanged in the second half of the year. However, authorities are accelerating research into post-price release subsidy mechanisms for farmers. Wang Wenshan, Chairman of the Large and Medium Nitrogen Branch of the Nitrogen and Phosphate Association, echoed the sentiment that policy adjustments are inevitable. He stated that structural reforms are essential for driving industry progress. It is reported that since last year, there has been a surge in new construction and expansion projects within the domestic nitrogen and phosphate fertilizer industries. According to preliminary statistics, these projects are expected to come online in the coming years. It is estimated that next year, the nitrogen fertilizer sector will see an increase in production capacity of 3 to 4 million tons, with even greater growth anticipated in the phosphate fertilizer industry. Pan Derun, vice president of the China Petroleum and Chemical Industry Association, warned the industry against excessive investment. Gu Zongqin, president of the China Petroleum and Chemical Industry Planning Institute, noted that the liberalization of fertilizer prices is a growing trend, but companies must carefully plan their strategies accordingly. At the meeting, experts also highlighted that the pesticide industry is undergoing its own industrial restructuring. Key changes include the gradual replacement of highly toxic and high-residue pesticides, prompting major shifts in product lines among local manufacturers. Additionally, foreign pesticide companies are relocating production to China, leading to significant changes in the industry’s structure. Chinese pesticide firms are increasingly integrating into the global supply chains of multinational corporations. Most of the world’s top pesticide manufacturers have established production facilities in China. Companies like Bayer, Syngenta, and DuPont have set up over 15 pesticide manufacturing plants in the country, with total investments exceeding $100 million. Initially, these companies aimed to produce and sell domestically, but due to China’s cost advantages and evolving market conditions, many of their products are now being exported globally.

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