中国磷化工月报

Welcome to CCM International's first issue of Phosphorus Industry China Monthly Report in 2013.

In 2012, China witnesses a slowdown year-on-year GDP growth. In the meantime, China's phosphorus industry presents a little volatile state to respond to China's depressed economic situation.

With the advent of 2013, phosphorus ore in Hubei Province is bound to usher in another round of rising because of the adjustment of local resource tax. In order to further regulate local phosphorus resources, the resources tax of phosphorus ore in Hubei Province is reformed to be levied based on the value instead of on the quantity.  Furthermore, it is predicted that China's economy would exhibit signs of improvement in the entire 2013, which would lead to significant inflation. In this case, China's phosphorus industry would also see some waves in 2013 as well as other commodities market.

Average exchange rate in Dec. 2012, USD:RMB=1:6.29