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SunSirs: Phosphate Rock Market Is Stable with Minor Adjustment in July

July 10 2020 15:02:49     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, as of July 9, the reference average price of the 30% grade phosphate rock market was 380 RMB/ton. Compared with the price at the beginning of the month, the average price was reduced by 6 RMB/ton, down 1.72%. Compared with the price at the beginning of June, the average price was reduced by 13 RMB/ton, down by 3.39%.

Analysis review

In July, the phosphate rock market as a whole operated smoothly, and mining companies in some regions lowered their quotations slightly

In the first week of July, there was no fluctuation in the overall market of phosphate rock, which still maintained a light and stable operation. At present, the demand in the end market is poor, the performance is weak, the phosphate rock market is deserted, and there are not many new orders. This week, some mining enterprises in Guizhou are hard to withstand the pressure of desolate sales. In order to stimulate the market, quotations have been slightly lowered by 10-20 RMB/ton. Market conditions in other regions are temporarily stable. As of the 9th, Guizhou: The market of phosphate rock is mainly stable. Some mining companies have lowered the price of phosphate rock. The low-end price of 30% grade phosphate rock fell to 280 RMB/ton. The mainstream reference price of 30% grade phosphate rock in the vicinity was 300-330 RMB/ton. Hubei: the market of phosphate rock was running smoothly. The mainstream factory price of 28% grade phosphate rock was around 360-370 RMB/ton, and the factory price of 30% phosphate rock was around 400 RMB/ton. Among them, the price of 28% grade phosphate rock in Liushugou was 370 RMB/ton, and the latest reference price of Yichang in Hubei Xingfa 28% quality phosphate rock was 370 RMB/ton. Yunnan region: the phosphate rock market was temporarily stabilized, and the 28% grade phosphate rock reference price was around 275 RMB/ton.

According to national data, China's output of phosphate rock (30% of P2O5) in May was 8.098 million tons, which was an increase of 525,000 tons compared with the output in April (7.573 million tons). At present, the cumulative output of phosphate rock this year is 27.402 million tons, which is 14.3% lower than the same period last year (29.229 million tons).

On the downstream side, at present, the spot supply of the yellow phosphorus market in Yunnan is tight, and the prices of new orders of some enterprises in the venue have been slightly increased. The current net phosphorus factory acceptance transactions in Yunnan refer to 14,000-14,200 RMB/ton. The phosphoric acid market has remained stable and consolidated, the supply has increased, the sales of enterprises have been normal, and the domestic demand market has been weak.

Market outlook

Phosphate rock analysts of SunSirs’ believe that in the recent period, the market of phosphate rock has been running weakly, and the enthusiasm for downstream stocking is not high. The yellow phosphorus market has been slightly boosted in recent days, and companies have a strong intention to increase prices. It remains to be seen whether the market outlook will bring certain favorable support to the phosphate rock market. Judging from the current on-site environment, the short-term phosphate rock market is mostly based on narrow-range consolidation operations, and the possibility of individual companies adjusting the price of phosphate rock to stimulate shocks in shipments still exists.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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