Price trend
According to data monitoring by SunSirs, as of January 31, 2023, the reference average price of 30% grade phosphate rock in China was around 1,056 RMB/ton. Compared with January 1, 2023 (reference price of 1,034 RMB/ton), the price increased by 22 RMB/ton, an increase of 2.13%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in January, the overall domestic phosphate rock market showed an upward trend followed by a stable trend. In early January, the domestic phosphate rock market experienced a slight upward trend, with a good trading atmosphere in the phosphate rock field. Some downstream markets still had winter storage and stocking, and the overall trading focus of the phosphate rock market was approaching a high level.
In late January, the domestic phosphate rock market as a whole was operating at a high level, with relatively quiet trading in phosphate rock yards and little market volatility. Some mining areas in China stopped production, and downstream demand for phosphate rock gradually weakened. The overall market was relatively calm. As of January 31 and January 15, the domestic market price for 30 grade phosphate rock was around 1,030-1,100 RMB/ton, with lower prices around 1.000 RMB/ton and higher prices around 1,150 RMB/ton. The specific price varied depending on factors such as the original ore specifications and powder to block ratio, and the specific price needed to be negotiated based on actual orders.
Market outlook
As of January 31st, as the Spring Festival approaching, the overall new orders in the phosphate rock field were limited, and sporadic orders were mostly small orders in demand. The overall atmosphere in the field was relatively light, and logistics in some regions of China had also been suspended. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market will mainly continue to operate steadily, and the specific trend needs to pay more attention to the impact of factors such as demand and downstream shipments.
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