Price trend

According to data monitoring by SunSirs, as of June 15, 2023, the reference average price of 30% grade phosphate rock in China was around 1,006 RMB/ton. Compared with June 11, 2023 (the reference price of phosphate rock was 1,010 RMB/ton), the price was reduced by 4 RMB/ton, a decrease of 0.40%; Compared to May 15, 2023 (reference price of phosphate rock was 1,066 RMB/ton), the price has been reduced by 60 RMB/ton, a decrease of 5.63%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (6.11-6.15), the domestic phosphate rock market as a whole showed a slight weak decline. At the beginning of June, the domestic phosphate rock market remained stable and consolidated overall, with little change in the market news. Entering this week, some mining companies in China that reported higher prices in the early stage had slightly lowered the price of phosphate rock, with a decrease of around 10-20 RMB/ton, driving the overall focus of the phosphate rock market to decline slightly. As of June 15th, the domestic market price of 30% grade phosphate rock is around 950-1,080 RMB/ton. There were also differences between the specific price and factors such as the original ore specifications and powder to lump ratio, and the specific price needed to be negotiated through actual orders.

Market outlook

As of the 15th, the trading atmosphere in the phosphate rock field was average, and new orders were cautious. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market will mainly operate with large stability and small fluctuations, and the specific trend needs to pay more attention to changes in supply and demand news.

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