Goldman Sachs published a report to maintain the neutral rating of Sinochem Fertilizer. The target price was raised from HK$2.00 to HK$2.40. In 2012, the estimated market account rate was doubled. Goldman Sachs said that Sinochem's acquisition of Yunnan phosphate ore for 1.38 billion yuan meant that the market account ratio was 6.3 times higher. The bank raised the profit forecast for 2011/12/13 by 12%/31%/10%, reflecting the acquisition of Yunnan phosphate ore, the increase in the gross profit forecast for chemical fertilizer last year, and the reduction in potash costs today and next year. Due to the rise in global stocks of potash fertilizer, the increase in global prices has slowed, and the forecast for the import cost of potash fertilizer has been lowered. Sinochem Fertilizer rose 2.38% yesterday to close at HK$2.15.