Potassium Fertilizer Growing Concentrated Phosphate Fertilizer** Slower Growth

Potash: According to Reuters, Chinese officials have instructed state-owned enterprises and investment bankers to discuss options to stop BHP Billiton's purchase of potash. China attaches great importance to the merger and acquisition of BHP Billiton and Potash, and its impact on the pricing and supply of potash fertilizer. At present, due to the impact of international mergers and acquisitions, distributors and compound fertilizer manufacturers at all levels and even district and county-level dealers have a strong bullish sentiment. There are phenomena such as suspension of quotation by resellers and repurchase by dealers in port trade, but at present The demand for fertilizers from end-users is not yet clear. It will only be clear by the end of September.

Phosphate fertilizer, **: September 1 began to implement high-tariff tariffs for export during the peak season, and the export of phosphate fertilizers has been temporarily suspended. Phosphate fertilizer prices have stabilized in most regions. ** The price of phosphate fertilizers has continued to rise due to the increase in prices of phosphate fertilizers in the previous period, supporting the price of phosphate fertilizers. The price trend of subsequent phosphate fertilizers will mainly depend on the end-use fertilization during fertility season.

Calcium carbide: The price of calcium carbide increased this week, mainly due to the implementation of calcium carbide production to complete the task of energy conservation and emission reduction in the northwestern region. At the same time, Beijing-Tibet high-speed traffic jams, Sichuan mudslides and other traffic caused tension, and calcium carbide supply is tight. The price trend of PVC in the downstream of calcium carbide will mainly depend on the impact of the actual implementation of the restricted production measures on the output of calcium carbide. Relevant companies: Xinjiang Tianye, Zhongtai Chemical, and Yinglite.

Bisphenol A, phenol, **: This week, the price of bisphenol A was significantly increased, mainly due to the low maintenance and start-up rates of some manufacturers, and the scarcity of supply sources in the market. This made the difference between the price of phenol and phenol significantly increased and the raw material of bisphenol A was phenol and **, For the short-term profits of listed companies to form a good, related companies: ST new material.

Incident concern:

Agrochemical: Reuters Sydney, September 3rd, the Russian government announced that the grain export ban will extend from the previous December this year to September next year.

Comments: If the prices of agricultural products soar again, this may bring a new round of trading opportunities for the agrochemical sector. China International Capital Corporation Limited