It is planned that the entry barrier to nitrate based NPK industry will be raised. Relevant industry standards such as the standards on “urea-ammonium nitrate solution” and “nitrate based NPK” have already taken shape and are waiting for the approvals from relevant government agencies. It is expected that these standards will be announced within the year.
Analysts said that if the expansion rate of the industry can be controlled and the product quality can by enhanced at the same time, market promotion will be smoother and the high prosperity of the industry will be continued.
Besides, because of the high solubility in water and recent promotion of fertigation, nitrate based fertilizer is enjoying a good momentum of future development. In the “Technology Guidance on Fertigation” issued by the General Office of the Ministry of Agriculture, it is said that by 2015, the total acreage covered by fertigation promotion will reach 80 million mu with newly increased acreage of over 50 million mu.