中国磷化工月报

Welcome to CCM's new issue of Phosphorus Industry China Monthly Report in Dec. 2012.

In Nov. 2012, a variety of China's macroeconomic data (excluding trade data) is pointing to a continued rebound in China's economy, especially in terms of manufacturing. The industrial value added sees a 0.86% month-on-month growth this Nov. and China's Manufacturing PMI in Nov. released by National Bureau of Statistics of China rises to 50.6%, both of which show a stronger economy status.

Towards the end of 2012, phosphate fertilizer producers and phosphorus mining companies generally have completed their production plan for 2012. Meanwhile, new export policy on phosphorus fertilizer would be released in mid-Dec. 2012, which is expected to give some relief to phosphate fertilizer producers.

Moreover, China's new political leaders are attempting to create a healthier system for China's firms. Thus, not merely phosphorus industry but also other manufacturing industries in China are bound to enjoy a better economic environment in 2013.

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