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Phosphorus Industry China Monthly Report 1309 - new market research report published
Phosphorus Industry China Monthly Report 1309 - a new market research report on 2014-04-04 16:06:04
In Aug., the macroeconomic conditions in China witnessed some improvement. According to the National Bureau of Statistics of China (NBSC), the industrial added value in Aug. 2013 increased by 10.4% YoY.

The rate of the increase was also 0.7 point more than the YoY increase rate in July. The domestic macroeconomic conditions benefited from the recovery of heavy equipment manufacturing industries, such as railway construction, shipbuilding and aerospace. In addition, the foreign trade and domestic consumption statistics both showed that the depressive domestic macroeconomic condition has temporarily come to an end.

However, the phosphate fertilizer industry still faces considerable stress, as shown by the oversupply in the domestic phosphate fertilizer industry and the declining phosphate fertilizer export price. Among the primary phosphorus chemicals, only the production situation of MAP has recovered to some extent after months of low operation rates (20%–30% for nearly six months). The coming of the autumn season, which brings a high demand for phosphate fertilizer, will contribute to the recovery. In particular, the domestic yellow phosphorus price has improved slightly.

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