Price trend

According to data monitoring by SunSirs, as of September 12, 2023, the reference average price of 30% grade phosphate rock in China was around 956 RMB/ton. Compared with September 6, 2023 (reference price of 882 RMB/ton), the price increased by 74 RMB/ton, an increase of 8.39%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (9.6 to 9.12), the domestic market for mid to high-end grade phosphate rock had seen an overall upward trend. Entering September, the downstream demand for domestic phosphate rock was gradually recovering, and with the boost of demand, the phosphate rock industry had a good mentality. The supply of mid to high-end grade ore in the phosphate rock field was tight, and the spot circulation was tight. With the support of both supply and demand, the focus of the phosphate rock market had been constantly moving upward recently. The market price of 30% grade phosphate rock had accumulated an increase of around 50-80 RMB/ton within seven days. As of September 12th, the domestic market price of 30% grade phosphate rock was referenced around 900-980 RMB/ton. The specific price may vary depending on factors such as the original ore specifications, powder to lump ratio, and transportation conditions. The specific price needed to be negotiated based on the actual order.

Market outlook

As of September 12th, the overall trading atmosphere in the phosphate rock market was mild, and the rebound in downstream demand had boosted market confidence. The phosphate rock data analyst at SunSirs believes that in the short term, the domestic phosphate rock market will mostly operate stronger, and the specific trend still needs to pay more attention to changes in supply and demand news.

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