中国磷化工月报

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

In Feb., 2013, China's macro economic environment showed some improvement. According to the data from the National Bureau of Statistics of China, China's export in Feb. increased by 21.8% year on year, achieving double-digit growth for three months. In addition, China's fixed asset investment also showed an uptrend in Feb., 2013 with a 21.2% year-on-year increase. Compared to last month, the growth tended to accelerate, which indicated stronger economic status.

Apart from the recovering economic status, China's phosphorus industry was rather tepid in Feb., 2013, with little change in the prices of phosphorus products. However, it's noteworthy that Hubei Government pushed forward two proposals regarding the phosphorus industry—long-term development plan and the construction of a mining right exchange for phosphorus ore, which might fuel the development of the local phosphorus industry.

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