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SunSirs: Since April, the Overall Phosphate Rock Market Had Been Weak and Downwards (April 1-26)
April 27 2023 13:42:16SunSirs(John)

Price trend

According to data monitoring by SunSirs, as of April 26, 2023, the reference average price of 30% grade phosphate rock in China was around 1,106 RMB/ton. Compared with April 1, 2023 (the reference price of phosphate rock was 1,090 RMB/ton), the price was reduced by 16 RMB/ton, a decrease of 2.50%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that since April (4.1-4.26), the overall domestic phosphate rock market was weak and moving downwards. In early April, due to the downward trend of the yellow phosphorus market in the downstream of the industrial chain, the downstream operating rate decreased, and the demand for phosphate rock in some regions of China became loose. The wait-and-see atmosphere on the market was strong, and some mining companies lowered the prices of mid to high-end grade phosphate rock by around 10-30 RMB/ton. Then, in the middle of April, the overall phosphate rock market was in a weak and stable consolidation operation. Near the end of the month, some mining enterprises in Sichuan Province adjusted the phosphate rock price downward by about 10-20 RMB/ton. As of April 26, the domestic market price of 30% grade phosphate rock was around 1,000-1,150 RMB/ton, and the price of 28% grade phosphate rock was around 960-990 RMB/ton. The reference price for 32% grade phosphate rock was around 1,080-1,220 RMB/ton. Due to factors such as the original ore specifications and powder to lump ratio, the specific prices might also vary, and specific negotiations needed to be conducted on a real order basis.

Market outlook

As of the 26th, the trading atmosphere in the phosphate rock field was average, and some mining companies had some concerns about the future market. The wait-and-see sentiment was strong. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market is mainly consolidated to be weaker, and the specific trend still needs to pay more attention to changes in supply and demand information.

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

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