The ongoing integration of phosphorus ore resources, some market participants expected, phosphate prices will gradually reflect its scarcity, there may even be replicated rare earth prices skyrocketing legend. However, a brokerage analyst pointed out that when it comes to resource integration, the market will think of rare earths. To some extent, the yellow phosphorus integration scheme has similarities with rare earths, but from a fundamental perspective, future price increases should not It will be as crazy as a rare earth. The latest data shows that the price of 30% phosphate rock in Hubei is 530 yuan / ton, compared with 490 yuan / ton in early July. In the international market, India's 70%-72% phosphate rock has a low CIF price of US$200/ton. Analysts said that the international phosphate ore price is higher than the domestic product price. If the domestic phosphate ore export restriction policy is abolished, the domestic price will rise to the international level, but it is difficult to promote the international rare earth price increase like the rare earth, because the Chinese phosphate rock It does not have the right to speak in the international market like rare earth.
Another brokerage analyst believes that it is not necessary to expect the price of phosphate rock to rise as much as rare earth, but the increase has already been determined. Phosphate rock has become the most profitable link in the phosphorus chemical industry chain, and the increase in reserves of phosphate resources of related companies will also Increase its market value. However, concerns remain. The downstream phosphate fertilizer industry in the phosphate rock industry has a serious overcapacity and is unable to withstand the sharp increase in the price of phosphate rock. On the other hand, this is also a factor that suppresses the price increase of phosphate rock. Moreover, the policy does not support the export of fertilizers. According to statistics, from January to May, China's cumulative export of urea was 658,000 tons (physical quantity), down 54.8% year-on-year; export of diammonium phosphate was 31 million tons, down 9.8% year-on-year. However, some analysts said that they should not be confused by the one-sided data. Under the increase of the export of binary compound fertilizer, the profitability of the phosphate fertilizer industry is good, which also laid the foundation for the price increase of phosphate rock. Global agricultural product prices will continue to remain high in 2011-2012, and international and domestic phosphate fertilizer demand is good. According to estimates by Huatai joint analysts, the global phosphate fertilizer operating rate will reach 85% in 2011, and prices continue to rise. It can be expected that the listed companies with phosphate resources will obviously benefit from the increase in phosphate prices. Brokerage analysts believe that Xingfa Group, Hubei Yihua and other companies deserve attention.
It is understood that after the acquisition of 95.9% equity of Hubei Yichang Phosphate Industrial Group Co., Ltd., Yichang Xingfa Group Co., Ltd., the major shareholder of Xingfa Group, will be the mining rights of Shupingping and Dianpingping Phosphorus Mining under the Phosphate Group. as a capital injection in the Canadian joint venture Yichang Maple Leaf Chemical Co., Ltd. After the reorganization, Yichang Xingfa Group Co., Ltd. injected the above-mentioned mining rights-related assets into Xingfa Group's commitments. According to estimates by Huatai joint analysts, the reserves of phosphate mines in these two mines are 60.602 million tons. If injected into a listed company, assuming that the listed company will own a 51% stake in Yichang Maple Leaf Chemical, it will increase its existing recoverable reserves of approximately 140 million tons by 21%. The calculation results of Haitong Securities analysts show that the future reserves of phosphate deposits injected into Xingfa Group will be at least 29.47 million tons. If Maple Leaf Chemicals no longer survives, the reserves of phosphate deposits injected into Xingfa Group will be approximately 57.79 million tons. In addition to competing for phosphate resources in the province, Hubei Yihua also has cross-provincial mergers and acquisitions. Analysts said that according to the “Twelfth Five-Year Plan†of phosphorus chemical industry, in the future, efforts should be made to cultivate 1-3 large-scale phosphorus chemical enterprises with sales revenue exceeding 10 billion yuan and strong industrial influence. Hubei Yihua has achieved absolute control over Huarui Phosphate Mine and entered Sichuan Province, which is rich in phosphate rock resources. The company is expected to develop phosphorus chemical industry in Sichuan Province in the future.
Rice Transplanter,Rice Planting Machine,Manual Rice Transplanter,Rice Transplanter Machine
Hunan Nongyou Machinery Group CO.,LTD , https://www.ricemill.nl