中国磷化工月报

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

In this issue, we have made some adjustments to the contents of the report. According to the reply from the questionnaire, we add market review into the report and would keep a keen eye on the international market in future.

In August, the overall phosphorus market in China generally keeps stable, but with a slight weakness. Most phosphorus producers begin to realize that China’s overall macroeconomy is encountering a downside risk, and thus most of them are all cautious about purchasing feedstock. Nonetheless, phosphorus industry would be less impacted from economic weakness than other manufacturing in view of rigid demand. However, it’s still possible for phosphorus products to face the risk of falling price to some degree.

In addition, the enterprises will shift their focus from the overseas market to the domestic one at the close of low tariff in October.

Average exchange rate in August 2012, USD:RMB=1:6.34