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SunSirs: In the First Ten Days of August, the Domestic Phosphate Rock Was Consolidating at a High Level (August 1-10)
August 11 2022 11:10:42SunSirs(John)

Price trend

According to the data monitoring of SunSirs, as of August 10, the average reference price of 30% grade phosphate rock in mainstream areas in my country was around 1,100 RMB/ton. Compared with August 1, the price was basically the same, and compared with July 1 (the reference price of phosphate rock was 1,066 RMB/ton) , the price increased by 34 RMB/ton, or 3.12%.

Analysis review

It can be seen from the data monitoring chart of the business agency that in early August, the domestic phosphate rock market was running at a high level as a whole. At present, the domestic supply of phosphate rock is still mainly tight, and the spot circulation is less. The phosphate rock of some large factories continues to be mainly used for their own use, and most other mining companies continue to receive pre-sale orders, the specific will be discussed one by one according to factors such as regional cargo volume. For some enterprises that need to purchase phosphate rock as raw materials, the continuous high price of phosphate rock and the tight supply have brought certain pressure to the enterprises. As of August 10, the domestic market price of phosphate rock with 30% grade referred to around 1,080-1,150 RMB/ton, and the actual order was negotiated, and the market price of phosphate rock with 28% grade referred to around 900-980 RMB/ton.

In terms of downstream phosphorus yellow, in the first week of August (8.1-8.7), the market price of phosphorus yellow fell. On August 9, the market price of phosphorus yellow rose. According to the data monitoring of SunSirs, on August 10, the reference price of phosphorus yellow was 27,000 RMB/ton, a decrease of 0.92% compared with August 1 (27,250 RMB/ton).

Market outlook

The low supply-side inventory supports the phosphate rock market, and the downstream demand side is performing well. The phosphate rock data engineer of SunSirs believes that in the short term, the domestic phosphate rock market will continue to be high and strong, and the specific trend still needs to be paid more attention to the specific changes in supply and demand.

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