“In the first five months of 2015, China’s export volume soared by 119.01% year on year influenced by new tariff policy, market demand etc. Besides, India and countries in Southeast Asia were still China’s major export destinations.
Market price of MAP in China increased slightly in June 2015 due to tight supply. However, CCM believes that it is less likely that MAP price will soar like last year during July and Sept.
In July 2015, CCM carried out a review on Chinese phosphorus ore market in H1 2015 and found that its price basically remained stable; its output increased while its export volume dropped year on year in H1 2015.
CXPC has invested heavily for its business expansion, which will improve its competitiveness and efficiency. To fund these investments, CXPC will implement a non-public share offering, which will raise USD1.05 billion through the private placement of 550 million shares at USD1.90 per share. The capital raised will also improve the financial position of the company and increase its ability to fulfill its financial obligations.
Kingenta has carried out indepth communication and cooperation with ICAC3 from Israel to constantly facilitate the transformation and promotion of agricultural talents, capital, management, technologies and new modes from Israel in China, greatly accelerating the deep development of Sino-Israeli agricultural cooperation.
On 14 July, Anhui Sierte claimed that it would acquire no less the 55% of the shares in Guizhou Lufa. Acquiring Guizhou Lufa, Anhui Sierte will not only can reduce costs of raw materials and guarantee the supply of raw materials, but also can perfect its pyrites and phosphorus ore – phosphoric acid – MAP and DAP – compound fertilizers integrated production line. Besides, it also provides opportunities for Anhui Sierte to occupy markets in rural areas in Southwest China.
On 3 July, 2015, Changjiang Equity Exchange, authorised by Anhui Liuguo, officially made an announcement about Susong Liuguo’s 100% share transfer, opening price registered USD25,067,180 (RMB153,283,300).
Chinese first low arsenical yellow phosphorus production line built by Jianglin Group has begun to make economic benefits. This is important to the development of Chinese phosphorus chemical industry.
In early June 2015, the price of sulfur presented an upward trend in China due to the increasing demand from its downstream markets and the recovery of the international market.
In July 2015, the ex-works price of yellow phosphorus in China continued to drop because the electricity price was low during the high flow period and the downstream market was in the doldrums. CCM believes that the ex-works price of yellow phosphorus in China will linger at low level but it is less likely for it to decline dramatically in Aug. 2015.
Regarding the domestic phosphorus ore market, market price was basically stable in H1 2015; the output of phosphorus ore increased by 14.82% year on year and the export volume dropped by 12.52% year on year.
As for enterprises, CXPC has invested heavily for its business expansion, which will improve its competitiveness and efficiency. To fund these investments, CXPC will implement a non-public share offering, which will raise USD1.05 billion through the private placement of 550 million shares at USD1.90 per share. The capital raised will also improve the financial position of the company and increase its ability to fulfill its financial obligations. Kingenta has carried out indepth communication and cooperation with ICAC3 from Israel to constantly facilitate the transformation and promotion of agricultural talents, capital, management, technologies and new modes from Israel in China, greatly accelerating the deep development of Sino-Israeli agricultural cooperation.
The USD/RMB exchange rate in this report is USD1.00=RMB6.1149 on 1 July, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT, unless otherwise specified.”
