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SunSirs: After a Small Increase, Domestic Phosphate Rock Remains Stable
January 13 2021 13:38:42SunSirs(John)

According to the data monitoring of SunSirs, as of January 12, the reference average price of 30% grade phosphate rock in mainstream areas in China was around 403 RMB/ton. Compared with January 1 (reference price 396 RMB/ton), the average price was raised 7 RMB/ton; compared with December 1, 2020 (reference price 393 RMB/ton), the average price was raised 10 RMB/ton, an increase of 2.54%.

As the Spring Festival approaches, the domestic phosphate rock market remains stable

Entering 2021, China's phosphate rock market has experienced a slight upward trend after the New Year's Day. At present, as the Spring Festival approaches, the downstream operating rate is gradually weakening, and the demand for procurement is the main factor. Recently, the domestic phosphate rock market has maintained stable operation. The internal trading atmosphere is general, and the mines mainly deal with old customer orders. As of January 12, Hubei area: 30% ammonium phosphate rock quoted at 380-390 RMB/ton; Guizhou area: 30% grade phosphate rock quoted at around 320-360 RMB/ton, and the price has remained stable for the past week; 28% grade The quotation of phosphate rock was 280-320 RMB/ton, and the transaction price was slightly lower.

In terms of downstream, for yellow phosphorus, market conditions at the beginning of this week were mainly wait-and-see. Some yellow phosphorus companies still intended to raise prices, and market quotations were firm. As of the 12th, Yunnan net phosphorus factory transaction reference was around 16,500 RMB/ton. In terms of phosphoric acid, the market price of phosphoric acid was supported by rising raw materials, and the market price rose slightly.

There are not many new orders, and the market outlook for phosphate rock remains stable

At present, the domestic phosphate rock market is generally operating stably. The downstream procurement is mainly cautious. The pre-holiday stocking tide has not appeared. There are not many new orders. It is heard that some mines will reduce their operating rates in the near future and focus on mass production. Therefore, SunSirs phosphate rock analysts believe that the recent phosphate rock market will mostly maintain stable overall operations.

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