Welcome to the March Issue of Phosphorus Industry China Monthly Report.
This report will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire phosphorus industry chain, from raw materials to end consumption.
Here is the Editor's Note for you to know about the March issue specifically:
China's phosphorus chemical market remained stable in March 2018, with most products except phosphorus ores seeing sluggish demands. Yellow phosphorus prices rose at first and then made a U-turn, caused by restrained downstream production and reduced demands during the Two Sessions. Few transactions were achieved in the phosphate fertiliser market because of slack sales of downstream compound fertilisers for spring cultivation. Market demand for monoammonium phosphate (MAP) dropped down and that for diammonium phosphate (DAP) also become more sluggish triggered by higher prices. Phosphoric acid and STPP markets remained stable with manufacturers mainly keeping production to fulfil previous orders.
Market dynamics of phosphorus chemicals in March 2018
Phosphorus ore: March saw gradually recovered phosphorus ore market. Compared with prices before the Chinese Spring Festival, actual transaction prices in Sichuan and Hubei provinces increased by USD4.74/t-USD7.89/t (RMB30/t-RMB50/t), a result of falling supplies. Output and sales of manufacturers in Guizhou and Yunnan provinces kept steady.
Yellow phosphorus: China's yellow phosphorus prices showed an upward trend at first and then phased down. In early March, yellow phosphorus companies only held a small amount of inventories while downstream customers increased purchasing volumes. However, after the commencement of the Two Sessions, downstream companies cut capacities and demands because of strengthened environmental protection inspections.
Phosphoric acid: The market remained stable due to sliding yellow phosphorus prices. Phosphoric acid enterprises mainly kept production to satisfy previous orders. Therefore, phosphoric acid companies may hesitate to produce and its downstream customers, as well, will hold a wait-and-see attitude towards purchasing in the short term.
STPP: No great change was seen in the STPP market in March. Factories maintained low operating rates; downstream industries only purchased limited quantities of STPP to support daily production; and prices of feedstock (phosphoric acid and sodium carbonate) scarcely fluctuated. Given this, STPP prices kept steady.
MAP: MAP prices edged down in March resulted from larger stocks triggered by slack sales and low operating rates of downstream compound fertiliser companies.
DAP: China's DAP price remained stable in March, but was much higher than 2017. Therefore, farmers were very cautious about purchasing and DAP companies could hardly receive new orders.
Phosphorus Industry China Monthly Report is a monthly published newsletter, which can be downloaded in PDF format. The subscription mode for this newsletter is yearly and the subscriber will receive 12 issues per year.
Table of Contents
Column 1 Market Dynamics
Brief analysis of China's phosphate fertiliser business in March
Vietnam lowers phosphate fertiliser tariffs
Fertiliser usage reduction and efficiency improvement to continue
Two Sessions: to accelerate phosphorus gypsum comprehensive utilisation
Yichang's 2018 phosphorus ore output limited to 10 million tonnes
India announces final ruling of anti-dumping investigation
China's phosphate fertiliser output in 2017
China's fertiliser export volume up by 19.20% YoY in Jan. 2018
China's phosphorus ore output in Jan. and Feb. 2018
Column 2 Company Dynamics
Yunnan Yuntianhua publishes 2017 financial report
Chuan Jin Nuo releases 2017 financial report
Mineral exploration rights to Hubei Xinyangfeng to be revoke
Hubei Yihua to sell 80% stake in Xinjiang Yihua
Hubei Xinyangfeng sets up spinoff
Hubei Yihua's subsidiary resumes synthetic ammonia produciton
Column 3 Political Factors
Sichuan requires hazardous chemical enterprises to relocate
China's 2017 fertiliser output reaches nine-year lowest level
Column 4 Technology
Honglin Branch of Yunnan Yuntianhua finishes technological upgrading
Column 5 Market Data Analysis
China's yellow phosphorus price falls down in March 2018
China's STPP market remains stable in March 2018
Column 6 Import & Export
International trade of phosphate chemicals in Jan. 2018
Column 7 Price Update
Price monitoring of phosphate chemicals in March 2018