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Phosphate rock News
SunSirs: The Market of Phosphate Rock Has Been Weakly Operated After a Small Shock Since Entering November (11.1-11.14)
November 15 2019 11:16:34SunSirs(John)

Price trend

According to the data monitoring of SunSirs, as of November 14, according to the quotation of the sample enterprises from several mainstream regions, the average price of 30% grade phosphate rock in China was around 416.67 RMB/ton, down 1.57% from November 1 at the beginning of the month.

 

Analysis review        

Product: Since the beginning of November, the market situation of phosphorus ore has been in a weak state of consolidation, the downstream market demand is still weak, the on-site trading is weak, the enterprises supply the orders of old customers sporadically, continue to digest the inventory, the new orders are rare, and the stock pressure of the mine has been large. Under such sales pressure, since November 7, most of the mining enterprises and dealers have made corresponding adjustments to the quotation of high-grade phosphorus ore, the quotation of the mining enterprises has increased or decreased, while some enterprises still have stable prices due to the pre-sales inventory, and a small number of enterprises are waiting and seeing. At present, Guizhou Fuquan Huifa Mining Co., Ltd. has offered 390 RMB/ton of 30% grade phosphorus ore (including the factory price of tax goods), 20 RMB/ton higher than the quotation in early November; 28% has offered 370 RMB/ton (including the factory price of tax goods), 20 RMB/ton higher than the quotation in early November; Guangxi Hao Trading Co., Ltd. 30% grade phosphate ore latest offer 385 tons (including tax factory price), compared with the initial price of 10 RMB/ton in early November, 28% phosphate ore latest offer 345 RMB/ton (including tax factory price), The price in early November was raised by RMB 10/ton; Guizhou Kaiyang Guanglong Mining Co., Ltd. offers 30% grade phosphate rock price of 330 RMB/ton (including tax Kaiyang Railway Station platform price), down 40 RMB/ton compared with the initial price in early November; Guizhou Xifeng Phosphate Ore Co., Ltd. offers 30% grade phosphate rock price of 430 RMB/ton (including tax car board price), the price is flat compared with the beginning of November; Mabian Hengyetong Mining Co., Ltd. offers 26% high-magnesium (magnesia 6) phosphate ore at RMB 230/ton (margin price), and the offer remains unchanged from the end of October.

Industry chain: The yellow phosphorus market is temporarily stabilized, and some enterprises have high-end quotations. The yellow phosphorus market is temporarily stabilized, and some enterprises have high-end quotations. Under the price of enterprises, the market price is running steadily, the market state is slightly stable and strong, but the market is not warm, and some enterprises in the whole market are trading at a slightly lower price. Most enterprises wait and see, At present, the transaction of new orders in the market is referred to 18300-18600 RMB/ton. The phosphoric acid market remained stable and the trading on the market was still relatively light.

 

Market outlook

According to the analysis of SunSirs, it is expected that the overall stable and weak operation of the phosphorus ore market will be dominated in the near future. Influenced by the upstream and downstream demand as well as the on-site inventory, the price may fluctuate slightly to stimulate the on-site atmosphere.

 

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