中国磷化工月报(中国磷行业202211月度报告)

Yellow phosphorus prices dropped dramatically as operating rates of downstream sector were low and yellow phosphorus supply exceeded demand.

Ammonium phosphate prices increased slightly under the cost and supply support as the winter storage market has not fully started yet. Generally, the current demand for phosphate fertilisers was slack but there is still rigid demand in the near future. Quotations of phosphate fertilisers are expected to grow in the short term given support from supply and raw materials.

In Oct. 2022, China produced around 7.61 million tonnes of phosphorus ore (30% P₂O₅), down by 10.4% YoY. In Jan.–Oct. 2022, China altogether produced 85.71 million tonnes, up by 3.3% YoY. The decrease in output this month is mainly due to policy issues.

Company dynamics of phosphorus chemicals in Nov.

On 17 Nov., 2022, Yunnan Yuntianhua Co., Ltd. announced to raise capital of no more than USD693.66 million (RMB5.00 billion) for the project of FePO4 battery new material precursor and the battery new material precursor equipment.

On 14 Nov., 2022, Hubei Yihua Chemical Industry Co., Ltd. (Hubei Yihua)'s subsidiary, Hubei Yihua Phosphorus Chemical Co., Ltd. intended to set up a 200,000 t/a refined phosphoric acid (PA) and 650,000 t/a ammonium phosphate relocation and equipment upgrading and renovation project.

Hubei Wanrun New Energy Technology Co., Ltd. is going to establish integrated industrial chain material project covering LiFePO₄, FePO₄, phosphate, PA, and phosphorus ore with the people's government of Fang County and Baokang County respectively.

On 31 Oct., 2022, Tsaker New Energy Tech Co., Ltd. announced that the 50,000 t/a ferric phosphate (FePO₄) production line of Tsaker Chemical (Dongying) Co., Ltd. in Dongying City, Shandong Province started trial production in Oct. 2022.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.2081 on 1 Nov., 2022, sourced from the People's Bank of China.

All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.

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