Phosphorus Industry China Monthly Report 1504 (12 issues per year)

Date: 2015-05

“2015 is the key year for comprehensive deepening reforms, and is also the final year of the Twelfth Five-year Plan for the Chemical Mining Industry. Also, the Thirteenth Five-year Plan is being drafted. In 2015, accelerating the transformation will also become the development trend of the phosphorus chemical industry. CCM learned from the Chemical Industry Association of Guizhou Province that Guizhou Province will place emphasis on the development of WPA, high-concentration phosphate compound fertilizer as well as the recycling of phosphorus resources etc. during the 13th Five-Year Plan period.

Regarding policies, on 30 March, 2015, the Ministry of Environmental Protection of the People’s Republic of China planned to revive the research of green GDP to accelerate the ecological civilization construction and to effectively promote the implementation of the new Environmental Protection Law. The promotion of green GDP will facilitate the phosphorus chemical industry moving towards a green industry. Besides, on 16 April, 2015, the State Council of the People’s Republic of China released the Action Plan for Water Pollution Treatment. Since 1 Jan., 2015, China’s export rebate rates for STPP and SHMP have been raised. So as of April 2015, the new export rebate policy has been implemented for 4 months. However, seeing from the export of these products in recent months, the adjustment of the export rebate rates has not exerted expected stimulation on export of STPP and SHMP yet.

As for companies, the 2014 annual report of Yunnan Yuntianhua showed that it suffered from losses in 2014. Its net profit dropped by 535.87% year on year. In order to make a U-turn, Yunnan Yuntianhua is to vigorously carry forward its strategy transition and gradually picture a sustainable diversifying development blueprint. It plans to optimize and integrate its producing capacity, products and markets so as to realize long term sustainable growth. Besides, in March 2015, Hubei Xingfa planned to acquire Jixing Chemical. After this acquisition, Hubei Xingfa will actively plan the fine phosphorus chemicals project of Jixing Chemical relying on the local existing resources and supported by the local government.

The USD/RMB exchange rate in this report is USD1.00=RMB6.1434 on 1 April, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT, unless otherwise specified.”

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