中国磷化工月报

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

Apart from export data, China's other macroeconomic data continues to show downtrend in May. In order to tackle sliding economic trend, China's Government releases a series of conservative macroeconomic policies like exempting tax and lowering interest rate of deposit and loan, which can not only reduce enterprises' burden but also promote marketization of China's interest rate.

In May, prime phosphorus commodities all show a slide in price in line with China's Producer Price Index (PPI). However, China's investors still show great interest in the phosphorus project, especially in the integration of inner resources and the expansion to outer phosphorus resources. For example, China's two leading phosphorus enterprises (Hubei Xingfa Chemicals Group Co., Ltd. and Yunnan Yuntianhua Co., Ltd.) are conducting the integration of inner phosphorus resources.

In addition, although China's export of phosphorus products fell sharply in April 2012, the export of phosphorus products in May may increase slightly in view of a strong rebound in China's entire exports in May.

Average exchange rate in April 2012, USD:RMB=1:6.31