Coal supply lags behind demand. During Jan. ~ Sept., the production of coal-based electricity, cement, steel and fertilizer increased 16.7%, 15%, 24% and 13.8% respectively on the year-on-year basis, but coal production merely added 11%. These four industries? demand for coal usually accounts for more than 80% of the nation?s total. In the winter heat-supply season, the demand for coal further increases.

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Inside This Issue

News Briefs 1

Increasing Cost of Urea Production 2

Good Prospect of China?s Urea Exports 3

Fertilizer Production in Oct. 3

Sulfuric Acid, Synthetic Ammonium & Phosphorite Production in Oct. 5

Producer?s Prices 6

Inventories and Prices at Ports 7

Price Trends 12