The earthquake caused the mining of phosphate rock in Sichuan to be largely paralyzed and it is difficult to recover in the near future.
Sichuan is one of the most important phosphate mineral resources in China. Of the 10 companies with the largest amount of phosphate ore in the country, 4 are in Sichuan.
Mineral resources are mainly distributed in the Jinhe-Qingping area and the Mabian area. The Jinhe-Qingping area is located near Shifang City and Mianzhu City within 100 kilometers of the epicenter of Wenchuan. Here, the production of three phosphate rocks in Jinhe, Qingping and Shifang accounted for more than 95% of the total output of the province. None of these three phosphate mines survived the earthquake.
What's more, Sichuan is also a centralized place for phosphate and compound fertilizer companies in China. After the suspension of production of Sichuan phosphate rock enterprises, there will undoubtedly be a major impact on the supply of phosphate and compound fertilizers throughout the country.
The Ministry of Finance announced that according to the State Council's decision, from May 20th to December 31st 2008, the export of phosphorus products to all trade forms, regions, and enterprises will be based on the current export tax rate, and The basis is to impose a special export tariff of 100%. This is another increase in export tariffs following the addition of special export tariffs on phosphate fertilizers and other fertilizer products in April.
Analysts believe that after the strong earthquake in Sichuan, the country’s fourth-largest phosphate mineral production area, local phosphate mining and phosphate fertilizer plant generally stopped production. Upgrading export tariffs will increase the domestic market supply, which will help stabilize prices and prevent the price of phosphate rock from rising. To phosphate fertilizer. It is expected that the price increase of phosphorus products will be restrained in the short term, but due to high international phosphate prices and rising prices of raw materials, the long-term trend of phosphate fertilizer will not change.
It is understood that, in addition to the supply of Sichuan phosphate rock in Sichuan Province, there are some commercial mines shipped. After the phosphate rock in Sichuan was hit hard, the supply of phosphate rock in these areas was interrupted at the same time. Phosphate prices in the surrounding areas of Sichuan were quickly affected. Just the day after the earthquake, the price of phosphate rock in neighboring Guizhou increased. Raising the export tariffs on fertilizers and increasing the supply in the domestic market has become a top priority.
Experts believe that the increase in export tariffs on phosphate fertilizers will help stabilize domestic prices of phosphate fertilizers. Since last year, the price of international phosphate fertilizers has been rising all the way, making domestic companies' export impulses obvious. The special export tariffs for the addition of phosphorus products are aimed at curbing the excessive growth of exports of related products and meeting domestic production requirements.
Sichuan is one of the most important phosphate mineral resources in China. Of the 10 companies with the largest amount of phosphate ore in the country, 4 are in Sichuan.
Mineral resources are mainly distributed in the Jinhe-Qingping area and the Mabian area. The Jinhe-Qingping area is located near Shifang City and Mianzhu City within 100 kilometers of the epicenter of Wenchuan. Here, the production of three phosphate rocks in Jinhe, Qingping and Shifang accounted for more than 95% of the total output of the province. None of these three phosphate mines survived the earthquake.
What's more, Sichuan is also a centralized place for phosphate and compound fertilizer companies in China. After the suspension of production of Sichuan phosphate rock enterprises, there will undoubtedly be a major impact on the supply of phosphate and compound fertilizers throughout the country.
The Ministry of Finance announced that according to the State Council's decision, from May 20th to December 31st 2008, the export of phosphorus products to all trade forms, regions, and enterprises will be based on the current export tax rate, and The basis is to impose a special export tariff of 100%. This is another increase in export tariffs following the addition of special export tariffs on phosphate fertilizers and other fertilizer products in April.
Analysts believe that after the strong earthquake in Sichuan, the country’s fourth-largest phosphate mineral production area, local phosphate mining and phosphate fertilizer plant generally stopped production. Upgrading export tariffs will increase the domestic market supply, which will help stabilize prices and prevent the price of phosphate rock from rising. To phosphate fertilizer. It is expected that the price increase of phosphorus products will be restrained in the short term, but due to high international phosphate prices and rising prices of raw materials, the long-term trend of phosphate fertilizer will not change.
It is understood that, in addition to the supply of Sichuan phosphate rock in Sichuan Province, there are some commercial mines shipped. After the phosphate rock in Sichuan was hit hard, the supply of phosphate rock in these areas was interrupted at the same time. Phosphate prices in the surrounding areas of Sichuan were quickly affected. Just the day after the earthquake, the price of phosphate rock in neighboring Guizhou increased. Raising the export tariffs on fertilizers and increasing the supply in the domestic market has become a top priority.
Experts believe that the increase in export tariffs on phosphate fertilizers will help stabilize domestic prices of phosphate fertilizers. Since last year, the price of international phosphate fertilizers has been rising all the way, making domestic companies' export impulses obvious. The special export tariffs for the addition of phosphorus products are aimed at curbing the excessive growth of exports of related products and meeting domestic production requirements.
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