SunSirs: The Price of Mining Enterprises Stabilized and The Phosphate Rock Market Was Temporarily Stable on September 25

Price trend

According to the data of SunSirs, on September 25, the phosphate ore market continued to run smoothly. The average price of 30% grade phosphate ore in China was around 410 RMB/ton, and the difference of the price between different producing areas was large, for reference only.

Analysis review

Product: Up to September 25, the price quotation in the mainstream areas of the phosphate ore market continued to be stable. n the case of weak demand, the mainstream mining price intention still exists. At this stage, most of the mining enterprises mainly sell pre-order, the market transaction atmosphere is light. Before the National Day, a small number of mining enterprises have begun to stop production, mostly selling inventory, reducing production and maintaining prices. At present, the quotation of 30% phosphate ore in Guizhou is near 360-420 RMB/ton, 28% phosphate ore in Hubei are near 420 RMB/ton, and 28% phosphate ore in Yunnan are around 280 RMB/ton.

Industry chain: The yellow phosphorus market is in a stable state of consolidation. The pre-festival orders are basically over. Most enterprises are in the delivery stage. The new orders are not high and the atmosphere is slightly cool. At present, the market turnover refers to 19,000-19,200 RMB/ton. Phosphoric acid market price shocks, a small number of manufacturers quoted higher, but the downstream purchasing volume is low, wait-and-see mood is strong, cost support is small and it is difficult to maintain a high level of operation in the follow-up.

Market outlook

The data analysts from SunSirs believe that it is expected the fluctuation of the phosphate ore market before National Day will not be too large and stable operation is the mainstream. The prices may be slightly downward by the impact of demand after the festival.

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