China increases urea exports 15% year on year

23 July 2008 11:40  [Source: ICIS news]

LONDON (ICIS news)--China exported more than 232,000 tonnes of urea in June 2008, nearly 15% more than the same month in 2007, statistics released by China customs showed on Wednesday.

From January to June 2008, total urea exports were around 3.8m tonnes, over twice as much as the same period in 2007, when around 1.2m tonnes were exported.

However, June exports dropped substantially from May 2008, when more than 533,000 tonnes were exported, .

These figures showed that despite the 135% export tax, China was still heading for a bumper year in terms of exports.

With global urea prices rising sharply, Chinese tonnes continue to be traded internationally although to a lesser degree since the tax was introduced.

For more on urea visit ICIS chemical intelligence
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By: Carl Roache
+44 20 8652 3214

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