中国磷化工月报

In Mar. 2014, the price of phosphorus ore continued to increase slightly. Along with the price increases in electricity in low-flow period, the yellow phosphorus enterprises lowered their operating rates to about 20%, causing a short-term tight supply and increasing price. However, with the coming of high-flow period, the enterprises will put back on production. Furthermore, the sufficient and even excess supply will hold back the price increases in Q2 2014. Regarding the phosphate fertilizer industry, since the spring ploughing comes to an end, the fertilizer producers will turn to exports. Also, the price of downstream phosphorus fine chemicals maintained stable in Mar. 2014.

In Q1 2014, the provinces released the phosphorus ore discovered last year in their mining areas. Accordingly, CCM had an in-depth analysis on the situation of phosphorus ore discovered in Mabian County, Sichuan Province. It is announced that the new reserves in Sichuan Province added up to 135 million tonnes in 2013. Among the areas prospected was Liugushui, a major mining area in Mabian County, Leshan City, where reserves of 52.85 million tonnes (39.1% of all new reserves) were found. The area's average grade is 23.67% (P₂O₅). Abundant phosphorus ore, sufficient power resources and abundant high-quality coal fully underpin the development of phosphorus chemicals in Mabian County. Mabian County has been experiencing great economic development. The discovery of new phosphorus ore reserves will enhance the impact of phosphorus chemicals on the local economy, opening up great opportunities for Mabian County and local phosphorus chemical enterprises.

The RMB/USD exchange rate in this issue is USD1.00=RMB6.1503 on 1 Apr., 2014, sourced from the People's Bank of China.