Price trend

According to data monitoring by SunSirs, as of May 17, 2023, the reference average price of 30% grade phosphate rock in China was around 1,066 RMB/ton, which was basically the same as May 12, 2023. Compared with May 1, 2023 (reference price of phosphate rock was 1,090 RMB/ton), the price was reduced by 24 RMB/ton, a decrease of 2.20%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (5.12-5.17), the domestic phosphate rock market as a whole remained stable. As of May 17, the overall operation of the downstream industrial chain of phosphate rock was relatively weak, and the demand support provided by the downstream was limited. However, due to the continuous tight operation of the supply end in the phosphate rock market, the market was still able to operate stably under low pressure at the supply end overall. As of May 17, the market price of 30% grade phosphate rock in China was around 1,000-1,100 RMB/ton, and the low price was around 980 RMB/ton. Due to differences in raw ore specifications and powder to lump ratio, there were also differences in specific prices, which needed to be negotiated on actual orders.

Market outlook

As of the 17th, the trading atmosphere in the phosphate rock market was light, and the mentality of the operators was average. Downstream procurement was mainly based on quantity. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market will mainly operate stably with small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand information.

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