Price trend

According to the data monitoring of SunSirs, as of December 2, the reference average price of 30% grade phosphate rock in China was around 1,056 RMB/ton, which was basically the same as that on November 28. Compared with that on November 3 (the reference price of phosphate rock was 1,055 RMB/ton), the price increased by 1 RMB/ton, or 0.09%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that the domestic phosphate rock market was stable and consolidated this week (11.28-11.02). Within the week, the overall supply and demand of domestic phosphate rock market did not change much. Near the end of the year, some mining enterprises in Guizhou basically completed their annual orders, and the current prices were basically implemented to the end of the year. The supply of medium and high-end grade phosphate rock in the site continued to be tight, and the downstream demand side purchased just in needed. As of December 2, the market price of 30% grade phosphate rock in China was around 1,030-1,080 RMB/ton, and the sporadic low-end price was below 1,000 RMB/ton. The specific price was also different according to the original ore specification, powder to lump ratio and other factors, and the specific price needed to be negotiated.

In October 2022, the national output of phosphate rock (containing 30% of phosphorus pentoxide) declined compared with the same period last year. In October 2022, the national output of phosphate rock was 7.606 million tons, down 10.4% year on year. From January to October 2022, the national output of phosphate rock was 85.706 million tons, with a year-on-year growth of 3.3%.

Market outlook

As of December 2, the downstream phosphate fertilizer market had gradually warmed up. After the phosphate fertilizer market continued to rise, the phosphate chemical industry chain also provided support for the phosphate rock market from the bottom up. The mentality of the phosphate rock industry had improved since the third quarter. In addition, some mining enterprises had stopped mining in winter, and the tension at the supply side of the market was hard to change. The supply side would continue to support the market. Therefore, according to the phosphate rock data engineer of SunSirs, it is expected that the domestic phosphate rock market will be stable and strong before the Spring Festival, and more attention should be paid to the information changes on the supply and demand side.

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