SunSirs: The Market of Phosphate Rock Continue to Be “Steady and Stable” in Late April

Price trend

According to the data monitoring of SunSirs, as of April 21, the domestic phosphate rock market was mainly operating stably, integrating several sample areas, and the reference price of the primary high-end 30% grade phosphate rock of mainstream area was around 330-430 RMB/ton.

Analysis review   

Product: Since April, the domestic phosphate ore market as a whole has continued to operate steadily, the market has remained stable and consolidated, and the market as a whole has almost no fluctuations. The factory continues to focus on supplying old orders, and the increment of new orders is still small. At present, the quotations of several major domestic sales areas of phosphate rock are relatively stable. The phosphate rock market in Guizhou is temporarily stabilized. The price of 30% phosphate rock car plates in Guizhou is 330-370 RMB/ton; the price of 28% grade phosphate rock cargo plants is around 320-340 RMB/ton. The phosphate ore market in Yunnan is running smoothly. The 28% quality ammonium phosphate mine in Yunnan market is quoted at 290 RMB/ton and the low-end price is 275 RMB/ton. The 29% phosphate phosphate factory in Yunnan is quoted at 320 RMB/ton nearby. The quotation in Hubei is temporarily stable. The factory price of Hubei Liushugou 30% phosphate ore is 430 RMB/ton; Hubei Xingfa Chemical mainly supplies 24% -28% quality phosphate ore. The export is mainly for old customers in the surrounding area. The price of the 28% -quality phosphorite ore in Yichang is quoted at around 410 RMB/ton. There is no quotation for new orders. Hubei Zhongping Phosphate Mine currently supplies 26% quality phosphate ore. The mine has stopped mining and has not yet been restored. It mainly provides orders for surrounding old customers. There is no new single quotation. In the early period, the quotation of the original 26% -quality phosphate ore yard was around 270 RMB/ton.

Industrial chain: At present, the domestic yellow phosphorus market has entered a high position from the previous trough all the way. The market has processed more early orders and new orders have high prices. The net phosphorus factory acceptance transaction in Yunnan region refers to RMB 17,100-17,300 / ton, and some high-end quotations refer to RMB 17,500 / ton. The phosphoric acid market is mainly stable and wait-and-see, with individual companies raising prices sporadically, and the overall prices are slightly adjusted upwards.

Market outlook

Analysts of SunSirs believe that the price of phosphate rock is expected to rise slightly in the near future due to the slight price increase in the downstream market.

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