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Himfr Analyzes Phosphate Fertilizer Industry Starts to Recover

2010-02-26 20:30 933

BEIJING, Feb. 26 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, notes phosphate fertilizer industry has started to recover.

In 2009 the world's phosphorus chemical product prices fell after an initial rise; since then the world's phosphorus chemical industry has also gone from boom to bottom to recovery.

In 2009 the world's phosphate fertilizers prices were depressed, but the market experienced a seasonal upturn in October 2009.

From October 2009 to early February in 2010, ammonium phosphate prices surged 10%-40%; output hit a record high. Since In the consecutive 4 months since September, output has reached more than 1.6 million tons.

Himfr estimates that spring 2010, Chinese demand for ammonium phosphate will sharply increase.

In 2010, there will be 5 million tons of Chinese ammonium phosphate production; both exports with high tariffs and Chinese demand will help improve the market, but profitability will still be low.

Affected by the global phosphate fertilizer industry, Chinese demand will help the industry start to recover.

From February 2010, China will levy 110% export duties on phosphate fertilizer, which will reduce the world's supply of phosphate fertilizer. The international price of diammonium in mid-February has already risen $100-120/ton since the end of 2009. Chinese production of fine phosphates can directly benefit from free trade.

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Source: Himfr.com
Keywords: Agriculture Chemical
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