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SunSirs: After New Year's Day, Phosphate Rock Welcomed the "First Rise" in 2021

January 06 2021 13:38:52     SunSirs (John)

According to the data monitoring of SunSirs, as of January 5, the reference average price of 30% grade phosphate rock in mainstream areas in China was around 403 RMB/ton. Compared with the price on December 30, the average price was increased by 7 RMB/ton, an increase of 1.68 %; Compared with the price on December 1, the average price was raised by 10 RMB/ton, an increase of 2.54%.

Returning after the holiday, phosphate rock welcomed "first rise" in 2021

In January 2021, after the New Year’s Day, the phosphate rock market price in Guizhou and other mainstream regions of China was increased by around 10-20 RMB/ton. The actual transaction price of the market moved closer to the high end. The price increase is mainly due to demand support. As the Spring Festival approaches, downstream stockings increased, orders increased, and mine sales increased compared with the previous period. At present, on-site trading is stable. As of January 5, 2021, 28% ammonium phosphate rock prices in Hubei area were 350-360 RMB/ton. Guangxi region: 28% phosphate rock was quoted at 290-320 RMB/ton, and 30% phosphate rock was quoted at 340-360 RMB/ton. Guizhou area: 30% grade phosphate rock quotes referred to 340-370 RMB/ton, the price was 20 RMB/ton higher than a week ago, 28% phosphate rock quotes referred to 290-320 RMB/ton, the price was 10 RMB/ton higher than a week ago.

In terms of downstream, for yellow phosphorus, the festival is approaching, downstream stocks are increasing, and the quotations of companies continue to be firm. The downstream is a little wait-and-see. The current reference price of Yunnan net phosphorus factory acceptance is around 16,100-16,300 RMB/ton. In terms of phosphoric acid, the current phosphoric acid market is supported by the rise in raw material yellow phosphorus, and the overall market price has also been adjusted upward.

Demand follow-up is timely, and short-term phosphate rock is mainly stable

At present, the trading atmosphere in the domestic phosphate rock market has improved, downstream demand has been followed up in a timely manner, new orders have increased, and the confidence of phosphate rock players has been boosted. Therefore, the phosphate rock analyst of SunSirs believes that the phosphate rock market is mainly firm and stable in the short term.

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