Beijing — Sinofert Holdings Ltd. recorded a loss of RMB125 million in 2013. Sales volumes were off 5 percent, to 16.28 million mt. Sales were off 15.7 percent, to RMB34.72 billion, and gross profit was off 46.2 percent, to RMB1.279 billion. Sinofert blamed overcapacity problems and a sluggish market. Potash sales were RMB7.465 billion, down 23.3 percent. Nitrogen was down 11.83 percent, to RMB12.475 billion, while compound fertilizers were off 11.91 percent, to RMB5.451 billion. Phosphates were off 15.42 percent, to RMB7.936 billion, while feed phosphates were up 15.61 percent, to RMB627 million. For 2014, Sinofert said the market imbalance will remain evident and operating costs are expected to go up due to rising transportation costs.
Transparency Across the Fertilizer Value-Chain