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SunSirs: In "Silver October", Domestic Phosphate Rock Generally Pushes Up
October 15 2020 13:38:36SunSirs(John)

Price trend

According to the data monitoring of SunSirs, as of October 14, the reference average price of 30% grade phosphate rock in mainstream areas in China was around 386.67 RMB/ton. Compared with October 1, the average price was raised by 10 RMB/ton, an increase of 2.65. %; Compared with September 1, the average price increased by 6.67 RMB / ton, an increase of 1.76%.

After the double festival, the domestic phosphate rock market rose

Entering October, after the Double Festival, domestic phosphate rock started to resume gradually, and trading in the market was stable. It was heard that some mining companies might increase their quotations intentionally. New orders were sold at sporadic high prices, and the market was mostly wait-and-see. Until the 14th, most domestic mines raised their phosphate rock ex-factory quotations, of which Guizhou and Hebei were the main ones. The overall increase in Guizhou was 20 RMB/ton, and the 30% grade phosphate rock quotes were referenced at 300- 350 RMB/ton, the transaction price was around 290-330 RMB/ton; the overall increase in Hebei was 10 RMB/ton, and the ex-factory price of 30% phosphate rock was referenced at 450-550 RMB/ton. At present, after the high-end quotation in the phosphate rock market, the transaction is still acceptable, and the just need to purchase is mainly.

On the downstream side, the overall price of the yellow phosphorus market rose slightly after the holiday. New orders on the market were mostly small ones, and some prices increased slightly. The current reference price of net phosphorus ex-factory transactions in Yunnan is around 15,300-15,500 RMB/ton, and a small number of high-priced orders refer to 1,5600. RMB/ton. The phosphoric acid market is mainly stable for the time being, and the recent market demand has not increased significantly.

Insufficient upward momentum, maintaining stability in the short term

In the short term, the phosphate rock market continues to have limited upward space. On the one hand, the current mining operations have not fully recovered, and the limited supply has provided support for the price increase of enterprises. After the market outlook is fully restored, the demand remains unchanged, and there is insufficient motivation for the price of phosphate rock to continue to rise, and the market has no strong support. Therefore, the short-term market uptrend is limited, and stability is mainly maintained.

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