中国磷化工月报

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

With the release of the target on the GDP growth of 2012 (7.5% year–on-year growth) on March 5th, 2012, it is foreseen that China’s investment situation is to slow down and the overall export amount will also decrease in 2012. Obviously, China is to push forward the structural adjustment of industries, aiming to achieve industrial upgrade. In such an economic environment,  it is believed that the investment direction in phosphorus industry will switch to clean production and comprehensive utilization.  

During this February, phosphorus ore still kept strong in its price, yellow phosphorus continued to be limited by the shortage of electricity, and downstream phosphate chemicals remained depressed in demand. The situation seems the same as before.

However, it is interesting to observe that some phenomena regarding the investment of phosphorus projects. One is that investors set to exploit the development potential of phosphorus business in Sichuan Province. Another is that China’s several public companies with lacklustre performance which never ever get involved in phosphorus business attempt to step into phosphorus industry.

Average exchange rate in Feb. 2012, USD:RMB=1:6.30