中国磷化工月报

Welcome to CCM's new issue of Phosphorus Industry China Monthly Report in Feb. 2013.

2013 is the third year of China's 12th Five-Year-Plan (2011–2015). According to the forecast by Chinese Academy of Social Sciences, China's GDP growth would be around 8.2% in 2013, which is still above government's target (7.5%–7%). Obviously, it's hard to see China shifting focus from GDP growth to economic structure adjustment amid a high GDP growth.

During Jan. of 2013, the entire phosphorus chemical market maintained the flat status. Nonetheless, the depressed market kept the price of downstream phosphorus products even weaker as compared to the same period of last year.

In the meantime, phosphate fertilizer market seems to face an apparently gloomy start at the beginning of 2013. Russia-based phosphate fertilizer producer—PhosAgro announced production cuts in Q1 2013, which almost presaged a continued weak demand.

Average exchange rate in Jan. 2013, USD:RMB=1:6.28