Thanks to the favorable stimulus of "phosphorus ore price up", the recently silent Phosphorus chemical industry leader Chengxing shares once soared approaching the daily limit. Driven by it, Xingfa Group, Six Nations Chemicals and Hubei Yihua strengthened. According to statistics, 28% of the phosphate rock in Hubei Province rose by 4.2% this week and is now at RMB 590/ton. Phosphate ore prices have continued to rise in the past one or two years. Domestic phosphate rock prices have continued to rise since the second half of 2010. At present, the cumulative increase has been around 70%, and the cumulative increase in high-grade phosphate rock in areas such as Kaiyang, Guizhou, has exceeded 90%. Industrial Securities gives the "recommended" investment rating for basic chemicals. According to the analysis, the continuous rise of phosphate ore will benefit the integration of phosphorus and mineralization enterprises, and it is recommended to pay attention to Xingfa Group, Chengxing Group, and Hubei Yihua. In addition, the Ministry of Industry and Information Technology officially issued the "Provisional Measures for the Administration of the Announcement of Accession to the Phosphorus Ammonium Industry". The "Measures" will enable the previously published ammonium phosphate industry access standards to be implemented, effectively regulate industry investment behavior, stop blind investment and low-level redundant construction, increase the comprehensive utilization of phosphorus resources, and achieve healthy development of the phosphate fertilizer industry. Facilitate better development of industry leaders
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