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Following are headline news of the latest issue of Phosphorus Industry China Monthly Report:
Market review of
prime phosphate chemical in July 2013
China's phosphorus
chemical market remained weak in July, reflecting in a glut of prime phosphorus
chemical products.
Hubei Zhongfu Chemical starts the construction of a
330,000t/a sulfuric acid project
On July 23, 2013,
Hubei Zhongfu Chemical Group Co., Ltd. started the construction of a 330,000t/a
sulfuric acid project—a sub-item of its 100,000t/a purified wet process
phosphoric acid program.
Ma’aden joins hands with Mosaic and SABIC to
develop a world-class phosphate production facility
On Aug. 5, the
Saudi Arabian Mining Company announced the signing of a shareholders' agreement
with the Mosaic Company and the Saudi Basic Industries Corporation to jointly
develop an integrated world-class phosphate production facility in Saudi
Arabia.
An overview on China's yellow phosphorus industry
in H1 2013
Production volumes
and prices in China's yellow phosphorus industry fell in the first half due to
weak demand, but exports boomed as the government removed hefty export tariffs.
Accelerated pace of phosphorus flame retardant
replacing bromine flame retardant
The pace of
phosphorus flame retardants replacing bromine flame retardants is accelerating
in China.
CPFIA puts forward eight suggestions to ease
phosphate fertilizer overcapacity
On July 22, 2013,
CPFIA put forward eight suggestions to ease the severe overcapacity of the
phosphate fertilizer industry in China.
International trade of phosphate chemicals in June
2013
In June 2013, the
export prices of most phosphorus products of concern slid over the previous
month.
Price monitoring of some phosphate chemicals in
July 2013
China's phosphorus
industry remained gloomy in July.
Shikefeng Sichuan Branch plans for technology
reformation for its long-acting and slow-releasing fertilizer program
Shikefeng Sichuan
Leibo Chemical Co., Ltd. to invest USD81.4 million in transforming one sulfur
acid device and to build a new floatation program in Leibo county, Sichuan
Province.
China's phosphate fertilizer manufacturers suffer
heavy loss in the first five months of 2013
In the first five
months of 2013, 182 out of 1,369 domestic above-scale phosphate & compound
fertilizer manufacturers showed a profit loss, up by 13% YoY.
Xingfa Group's net profit slumped sharply in H1
2013
On July 22 Xingfa
Group released mid-year results showing operating revenue in the first half of
2013 increased some 20.69% YoY, but net profit slid 49.17% under pressure from
the weakening domestic phosphorus market.
Breakthrough in enrichment and separation of low
and medium grade phosphorus ore containing rare earth in China
A breakthrough phosphorus
ore processing technique was announced on July 8 in Guizhou.
Xin Zhong Yuan
Chemical and Mid-Union Phosphorus to found a fine phosphorus chemical industry
cluster
On
July 3, 2013, Xin Zhong Yuan Chemical and Mid-Union Phosphorus announced a strategic
initiative invest USD978 million in a new fine phosphorous cluster to be
located in Longqiao town, Anhui Province.
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