China owns the largest capacity and output of yellow phosphorus in the world. However, overcapacity has emerged as an eminent problem in Chinese yellow phosphorus industry in recent years. For example, China’s yellow phosphorus capacity is about 2,335,000t/a in 2012, almost three times higher than the domestic demand, which is only about 800,000-900,000 tonnes every year. That suggests a very low operating rate of China’s yellow phosphorus industry. What are reasons for the low operating rate, or why Chinese yellow phosphorus producers expand their capacity to such a large scale?The export volume of yellow phosphorus began to decline from 2008. However, due to the weakening...
No comments:
Post a Comment