Thursday, November 24, 2011

Thailand’s Floods to Disrupt China's Phosphoric Acid Export Volume

The latest issue of Phosphorus Industry China Monthly Report has been published by CCM on November 15, 2011. It indicates that China’s export volume of phosphoric acid will keep declining in the remainder of 2011, due to the flood damage in Thailand.

China has rich resource in phosphoric acid and it exports over 450,000 tonnes of food grade phosphoric acid annually since 2009. Generally speaking, China exports 10% of total export food grade phosphoric acid to Thailand annually. By Sept. 2011, Thailand has purchased 48,598 tonnes of food grade phosphoric acid from China, down by 3.12% compared with that at  the same period of last year.

As China’s second largest importer of food grade phosphoric acid, Thailand imports over 60,000 tonnes of food grade phosphoric acid each year since 2008. The country imported more and more food grade phosphoric acid from China between 2008 and 2011. In 2010, over 95% of Thailand’s total import volume was from China.

However, according to China’s export data, the food grade phosphoric acid exported to Thailand has confronted a serious recession in Sept. 2011, down by 89.17% compared with that at the same period of last year, because of the impact of Thailand’s flood damage.

According to Thai government’s official warnings, it is predicted that the flood will last for at least one month. That means China’s export volume of phosphoric acid will keep declining in the remainder of 2011.

You might discover more details in Phosphorus Industry China Monthly Report 1111 with the following headline news:
-The new Provisional Regulations on Resource Tax doesn't revise the phosphate resource tax in temporary.
-Luxi Chemical innovates production equipment to address the present situation that the grade of phosphorus ore is lowering.
-Recently, Government promulgates a series of schemes to regulate the phosphate rock resource in terms of export and domestic resource utilization.
-The depressed demand of yellow phosphorus hits the price of yellow phosphorus in Oct., 2011.
-Malong Industry transfers its phosphorus chemical business to Yuntianhua.
-Hubei Yihua intends to further strengthen its profitability by expanding the capacity of DAP.
-Shandong Kingenta speeds up the perfection of phosphate fertilizer industry layout nationwide.
-Phosphate fertilizer enterprises are encountering the pressure on sales.
-Zhijin region initiates the construction of another large phosphate industrial base in Oct.
-The total export volume of food grade phosphoric acid in China is to reduce as a result of the flood in Thailand.
-The export volumes of most phosphorus products are decreasing in Sep., 2011.
-The prices of phosphorus products appear a slight cut except phosphorus ore in Oct.

(Guangzhou China, November 16, 2011)

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