中国磷化工月报

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

In Sept. 2012, China's phosphate fertilizer market saw growing anxiety about whether domestic consumption could match with the production in the remainder of 2012. In addition to phosphate fertilizers, other phosphorus products generally didn’t take great changes when their ex-work prices kept at a stable level in mid-Sept.

With China's Q3 GDP growth to be released soon, some financial institutions brought down their expectations for China's Q3 GDP growth out of the uncertainty for the China's future macro policies. In addition, the China's 18th Party Congress is expected to be held on Nov. 8th, which would draw more attentions from home and abroad. After all, the contents discussed in the 18th Party Congress would determine China's next development model and macro guidance in the next five years at least.

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