Price trend

According to data monitoring by SunSirs, as of June 5, 2023, the reference average price of 30% grade phosphate rock in China was around 1,010 RMB/ton, which was basically unchanged compared to June 1, 2023; Compared to May 1, 2023 (reference price of phosphate rock was 1,090 RMB/ton), the price was reduced by 80 RMB/ton, a decrease of 6.42%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in early June (6.1-6.5), the domestic phosphate rock market as a whole showed stable and consolidation operation. At the beginning of this month, the overall downstream demand for domestic phosphate rock did not change much, the demand support was general, the overall supply of the supply side was slightly tight, and the supply side provided some support. The trading atmosphere in the phosphate rock market was light, the mentality of the phosphate rock industry was general, and the overall market was stable and over operated. As of June 6, the market price of 30% grade phosphate rock in China was near 950-1,100 RMB/ton. Due to differences in the specifications of the original ore and the powder to lump ratio, there were also differences in specific prices, which needed to be negotiated on a real order basis.

Market outlook

As of June 5th, the trading atmosphere in the phosphate rock field commonly boosted, but the recent rebound in downstream product prices of phosphate rock is expected to give a certain positive boost to the phosphate rock market. The phosphate rock data analyst at SunSirs believes that in the short term, the domestic phosphate rock market was mainly adjusted in a range, and the specific trend needs to pay more attention to changes in supply and demand news.

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