SMM China Iron Phosphate Output in February 2023

SHANGHAI, Mar 9 (SMM) - China produced 69,490 mt of iron phosphate in February, an increase of 12% month-on-month and 109% year-on-year. The operating rates of iron phosphate enterprises continued to rise last month, and new capacity also ramped up. Iron phosphate shipments increased amid slightly recovering downstream demand. Iron phosphate producers reported inventory backlogs as the increase in production outpaced that of demand. In terms of raw materials, phosphoric acid prices fell initially and then rebounded slightly in February, while phosphate rock prices stayed at high, leaving iron phosphate costs relatively stable.