Welcome to CCM International's new issue of Phosphorus Industry China Monthly Report in May 2012.
As China's import and export growth continues to slow down (export and import year-on-year growth in April of 2012 are respectively 4.9% and 0.3%), this shrinking trend is also reflected in the export of phosphorus commodities. In the first quarter of 2012, China's export of phosphorus commodities all show a downtrend to some degree, excluding POCl3. In addition to being affected by policy, the future export of phosphorus products is expected to be in line with the overall export situation in China.
Nevertheless, China's prime phosphorus commodities (phosphorus ore, phosphate fertilizer and yellow phosphorus) all show positive output in the first quarter of 2012. The output of these three phosphorus products respectively reach 18,395,961 tonnes, 4,454,022 tonnes and 123,160 tonnes, seeing year-on-year growth of 29.48%, 23.14% and 22.04% respectively.
Relatively speaking, China's phosphorus industry is still to keep a more positive situation than many other traditional industrial commodities for rigid demand.
Average exchange rate in April 2012, USD:RMB=1:6.30

