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Apr 25, 2008

Financial report sample-Regional market(地区市场) developments

(Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial report translation)

Regional market(地区市场) developments
First-quarter total industry(行业) nitrogen fertilizer sales in Western Europe were up 6 % from last year. Imports were up only 2 %, and hence lost market share(市场份额). Season-to-date sales(本季销售) were up 8 %, with imported volumes up 3 %. The combination of higher grain prices and the release(释放) of EU set-aside(留出) land has paved the way for a rebound in nitrogen fertilizer(氮肥) consumption in Europe.

US nitrogen deliveries(交货) were also strong during the quarter. For the first two months of the quarter, deliveries were up by an estimated 7 % on last year, due to higher imports(进口量). Season to date, deliveries were estimated up 13 % on last season(比上季). The strong early deliveries, combined with a late spring(晚春) and less acreage(面积) projected(计划/投放) for corn, made the US market very quiet towards the end of the quarter.

China exported 1.7 million tons of urea during January and February, compared with 0.5 million tons in the same period last year(去年同期).

In Brazil, the 2008 fertilizer season has had a strong start. Total fertilizer deliveries for January and February are reported up 23 % on the same period last year. For the same period, urea imports were down 18 %, indicating that some of the urea deliveries were based on product imported earlier. First quarter is seasonally a low volume(低销量) period in Brazil.

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