Phosphorus Industry China Monthly Report 1203 - Annual Subscription
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Welcome to CCM International's new issue of Phosphorus Industry China Monthly Report in Mar. 2012. With the release of the target on the GDP growth of 2012 (7.5% year'on-year growth) on March 5th, ...
Welcome to CCM International's new issue of Phosphorus Industry China Monthly Report in Mar. 2012. With the release of the target on the GDP growth of 2012 (7.5% year'on-year growth) on March 5th, 2012, it is foreseen that China's investment situation is to slow down and the overall export amount will also decrease in 2012. Obviously, China is to push forward the structural adjustment of industries, aiming to achieve industrial upgrade. In such an economic environment, it is believed that the investment direction in phosphorus industry will switch to clean production and comprehensive utilization. During this February, phosphorus ore still kept strong in its price, yellow phosphorus continued to be limited by the shortage of electricity, and downstream phosphate chemicals remained depressed in demand. The situation seems the same as before. However, it is interesting to observe that some phenomena regarding the investment of phosphorus projects. One is that investors set to exploit the development potential of phosphorus business in Sichuan Province. Another is that China's several public companies with lacklustre performance which never ever get involved in phosphorus business attempt to step into phosphorus industry. Average exchange rate in Feb. 2012, USD:RMB=1:6.30 Booming phosphorus industry attracts some Chinese public companies to make investment, for easing the great pressure in performance.With huge potential to develop the phosphorus industry in China, Sichuan Province has attracted large investment at the beginning of 2012. Hubei government releases notification involving phosphorus industry once again, in order to promote the industrial upgrade.Hunan government issues several goals regarding local phosphorus industry that shall be achieved in 2020.A serious drought leads to a shortage in the supply of electricity in Yunnan Province, which restricts the local production of yellow phosphorus.Fuquan government plans to eliminate the entire local phosphogypsum at the end of 2015.Shandong Kingenta steps into the market of Southwest China through some projects on new fertilizers and the comprehensive utilization of phosphorus resources rather than directly developing phosphate fertilizers.India's subsidy cut on DAP is to weaken the purchasing power of local DAP importers, which will trigger slight fluctuation for international phosphate fertilizer market as estimated.Hubei Xingfa intends to develop organophosphorus water treatment chemical to offset the depressed sales in STPP.Inspired by the new suggestion released by the State Council, Kailin Group decides to speed up the construction of corresponding phosphorus and coal projects.New export tariff for concentrated superphosphate starts to take effect. Phosphorus ore in Hubei region varies little in terms of its new price, but with a decline in grade.
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