中国磷化工月报

Welcome to CCM International's new issue of Phosphorus Industry China Monthly Report in Feb. 2012.

Although China witnesses a 9.2% year-on-year GDP growth in 2011, some signs also indicate the slowdown in the economic growth. In addition, Spokesman of the Ministry of Industry and Information Technology has pointed out that China's overall industrial growth would slow down in the first quarter of 2012, but it will run steadily in the whole 2012. Generally speaking, it may prove to be a good time for phosphorus industry to enhance the industrial concentration and further adjust the industrial structure with the implementation of many relevant policies in 2011.

Entering February of 2012, phosphorus industry as a whole progresses relatively sluggishly in early 2012. Of course, China's Spring Festival contributes a lot to this. However, in the remainder of February or early March, some uncertain aspects might ripple the phosphorus industry to some extent, such as the price of phosphorus ore, demand and supply of phosphate fertilizer, future export tariff in yellow phosphorus and other phosphorus products etc.

Average exchange rate in Jan. 2012, USD:RMB=1:6.32