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Phosphorus Industry China Monthly Report 1308

Phosphorus Industry China Monthly Report 1308 - new market research report published

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2014-04-18 20:35:02 - Phosphorus Industry China Monthly Report 1308 - a new market research report on

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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