17 July 2012 10:12 [Source: ICIS news]
The plant will produce 300,000 tonnes/year of monoammonium phosphate (MAP) and 300,000 tonnes/year of diammonium phosphate (DAP), the source said.
The products will be supplied to the domestic market in the first year instead of being exported, because the company does not have enough time to prepare for exports before the low export tax window closes in September, the company source added.
The company initially planned to start up the unit in January this year, but this was delayed to August because of weak demand, according to the source.
MAP/DAP supply in Hubei province will increase after the start-up, but this is expected to have only limited effect on the market as downstream demand remains weak, a market player said.
Yidu Xingfa is a subsidiary of Hubei Xingfa Chemicals Group.
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