中国磷化工月报

In October, the exploitation of phosphorus ore was still pressured by high inventories in the mines and low operating rates of phosphate fertilizer plants downstream. Therefore, announcement of the Acceptance Requirements, Notification Procedures and Allocation Principles of the 2014 Export Quota of Phosphorus Ore, issued by the Ministry of Commerce of the People's Republic of China in Oct. 10 was met with little enthusiasm among phosphorus enterprises. 

It is also expected that the conversion of phosphorus ore resource taxes to a value-added tax, conducted on a trial basis in Hubei Province in 2013, will be extended to the rest of the country in 2014. 

The operating rate of yellow phosphorus manufacturers in the four main production areas in South China (Guangxi, Guangdong, Yunnan, Sichuan ) still maintained relatively high levels, supported to a great extent by the demand from the pesticides industry. 

In addition, although confronted with severe overcapacity, China's fertilizer industry engaged in the new round of Commercial Reserves of Chemical Fertilizers during the Off-Season, and by the end of Oct., the Reserves were in full swing. 

Average exchange rate in Oct. 2013, USD:CNY=1:6.13