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Yellow Phosphorus to Foresee Increased Risk of Sales Stalling(20130716)

Yellow Phosphorus to Foresee Increased Risk of Sales Stalling(20130716)

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Published by: CCM International Limited on Jul 30, 2013
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10/28/2013

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 Yellow phosphorus to foresee increased risk of sales stalling
Summary:
 As a result of the tough downstream market and intensifying competition fromsubstitutes, yellow phosphorus is expected to suffer increased risks of sales stalling in China.
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yellow phosphorus, phosphoric acid, thermal-process, wet-process, substitutes As a result of the tough downstream market and intensifying competition from substitutes,yellow phosphorus is expected to suffer increased risks of sales stalling in China, according toPhosphorus Industry China Monthly Report issued byCCMin July. Most yellow phosphorus is used to make thermal-process phosphoric acid, which is thenprocessed into various types of phosphate products. Adding to already tough market conditions, in June the government of Guiyang announcedplans to ban the production and sale of detergent with phosphorus, which will put further downward pressure on sales volumes of phosphoric acid and yellow phosphorus.The yellow phosphorus market could see ongoing contraction in the face of intensifyingcompetition from substitutes over the next several years.Most phosphoric acid producers say domestic sales of thermal-process phosphoric acid arequite weak. Hubei Xingfa and Jiangyin Chengxing both indicated that thermal-processphosphoric acid sales suffered in June 2013, and expect poor sales to continue. Some yellowphosphorus producers also attribute poor sales to competition from purified wet-processphosphoric acid.Some phosphoric acid purchasers in Sichuan Province report purified wet-process phosphoricacid prices as much as USD32.47/t cheaper than thermal-process phosphoric acid
asignificant price advantage.In 2013, two purified wet-process phosphoric acid plants (one in Sichuan Province andanother in Fujian Province) owned by Wengfu Group Co., Ltd. (Wengfu Group) maintained astable production. These two plants have a total capacity of 250,000t/a for producing purifiedwet-process phosphoric acid. Some yellow phosphorus producers located in Sichuan Provincecomplained that Wengfu Group's cheaper phosphoric acid is pulling down their sales. And with ever-increasing attention on saving energy, Chinese phosphoric acid producers havebeen trying to reduce dependence on yellow phosphorus. Hubei Xingfa and Guizhou Kailinhave both launched purified wet-process phosphoric acid projects.Domestic consumption of yellow phosphorus has held steady at around 800,000 tonnesannually, but that volume could come under pressure from shrinking demand and intensifyingcompetition from substitutes.

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