中国磷化工月报

Welcome to the June issue of Phosphorus Industry China Monthly Report.
 

In May 2013, China's economy continued to show signs of slowing. On June 9 the National Bureau of Statistics of China issued May CPI figures, which rose just 2.1% year-on-year and slowing by 0.3 points in growth. At the same time, the PPI fell by 2.9% year-on-year—the biggest rate of decline in eight months. Both were below market expectations.

In the meantime, the rising renminbi also put pressure on China's phosphorus exports. Impacted by the negative environment, phosphate fertilizer exports are likely to suffer from both overcapacity and declining profits.

Average exchange rate in May 2013, USD:RMB=1:6.20