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State-owned Guizhou Phosphate & Chemical announced several phosphate processing projects started operation this year, with about 2 billion yuan of total investment. The projects include a 400,000-ton purified phosphoric acid plant and gypsum and hydrogen fluoride facilities.
The company aims to shift into higher-value products and reduce reliance on overcapacity in fertilizer.
Added downstream phosphate capacity in China is a modest long-run supply factor for phosphoric acid and phosphate products, with little immediate price effect.
govt.chinadaily.com.cnApr 10, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
