China’s Phosphate Fertilizer Market Shows Good Momentum in 2015

Date: 2015-10-21

“September and October which are known as the Golden September and Silver October have always been the traditional peak season for China’s phosphorus chemical market. Many insiders are looking forward to its arrival so that it can facilitate the recovery of the phosphorus chemical market. In light of the current situation, however, the domestic phosphorus chemical market can hardly witness “”Golden September and Silver October”” boom in 2015. 

Thanks to the de-stocking of the fertilizer industry in 2014, China’s phosphate fertilizer market shows good momentum in 2015. For example, Hubei Xinyangfeng’s good performance in H1 2015 can be mainly attributed to its monoammonium phosphate (MAP) and diammonium phosphate (DAP) business. Its revenue from its MAP and DAP business increased by 139.52% year on year. Besides, its gross profit margin also rose by 94.92% year on year to 19.18%. 

Besides, innovation in sales pattern, adjustment of industry structure, upgrading of technologies, etc. are important to the long-term development of the industry. In mid-Sept. 2015, Xiu Xuefeng, secretary-general of China Phosphate Fertilizer Industry Association, Gao Yongfeng, deputy chief engineer of China National Petroleum & Chemical Planning Institute, Tang Jianwei, professor from Department of Chemistry, Zhengzhou University and other celebrities in the industry addressed a meeting on the topic of how to adjust the thinking of the phosphate fertilizer industry to achieve innovation and development. Kingenta has gained great performance on the R&D and product innovation on the water-fertilizer integration project. So at late Sept. 2015, it was reviewed by the MIIT on its project. “


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