Phosphorus Industry China Monthly Report 1308 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-18 20:35:02
On July 15, the National Bureau of Statistic of China (NBSC) issued the economic data of H1 2013, among which the GDP reached USD4039.2 billion with a YoY growth of 7.6% (calculated at comparable prices), indicating the momentum of domestic economic growth has been slowing down.
China´s phosphorus industry is still struggling in a mire of industry-wide overcapacity and weak downstream demand. As the biggest phosphorus industrial base, Hubei Province is suffering a heavy drought with 81.6% of its counties have encountered stratified drought situation, which greatly enlarges the cost of water and electricity for manufacturers.
Indian´s demand for Chinese phosphate fertilizer may further shrink as the declining Indian rupee dampens importers´ enthusiasm and Saudi Arabia´s enlarging phosphate production is expected to be enlarged in the next few years, which will undoubtedly squeeze China´s market share in India´s phosphate fertilizer market.
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