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SunSirs: The Supply Was Tight, and the Phosphate Rock Market Was Operating Steadily at High Levels This Week (February 13-17)
February 21 2023 10:37:42SunSirs(John)

Price trend

According to the data monitoring of SunSirs, as of February 17, 2023, the reference average price of 30% grade phosphate rock in China was around 1,074 RMB/ton, which was basically the same as that of February 13. Compared with February 6 (the reference price of phosphate rock was 1,056 RMB/ton), the price increased by 18 RMB/ton, or 1.70%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (2.13-2.17), the domestic phosphate rock market as a whole remained stable at a high level. In the first ten days of February, mining enterprises in some regions in China started to raise the price of medium-high grade phosphate rock slightly after the Spring Festival. With the coming of the spring farming season and the gradual recovery of downstream demand, the supply of phosphate rock in the field was still tight. Therefore, the overall phosphate rock market was relatively strong at a high in this week.

As of February 17, 2023, the domestic market price of 30% grade phosphate rock was around 1,050-1,100 RMB/ton, and the price of 28% grade phosphate rock was around 950-980 RMB/ton. The reference price of 32% grade phosphate rock was around 1,180-1,250 RMB/ton. Due to factors such as the specification of raw ore and the ratio of powder to lump, the specific price was also different, and the specific price needed to be negotiated on a real basis.

Market outlook

As of the 17th, the trading atmosphere in the phosphate rock field was fair, and the downstream demand was steadily advancing. The phosphate rock statistician of SunSirs believe that in the short term, the domestic phosphate rock market will have a limited change, and it is likely that the market will continue to operate firmly at a high level. The specific trend still need to pay more attention to the changes in the information on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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