Price trend

According to data monitoring by SunSirs, as of February 22, 2023, the reference average price of 30% grade phosphate rock in China was around 1,052 RMB/ton. Compared with February 8, the basic price had decreased by 4 RMB/ton, a decrease of 0.38%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that on the eve of the Spring Festival, the overall performance of the domestic phosphate rock market was stable and organized, with little fluctuation in the phosphate rock market. After the end of the Spring Festival holiday, the overall domestic phosphate rock market experienced a slight decline. After the holiday, some mining enterprises and mines in China were still in a state of shutdown and not mining. The overall operating rate in the site was low, and the trading atmosphere in the phosphate rock field was quiet. Downstream demand was generally boosted, and new transactions were weak. The phosphate rock market in Sichuan, Yunnan and other regions had basically maintained a stable market before the holiday, and some mining enterprises in Guizhou had narrowly lowered the prices of mid to high-end grade phosphate rock, with a reduction of about 10-20 RMB/ton. As of February 22nd, the domestic market price for 30 grade phosphate rock was around 1,000-1,100 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 February 22nd, the trading atmosphere in the phosphate rock field was relatively weak, and some mining companies had not started work yet. Market demand was also gradually recovering. The phosphate rock data analyst from SunSirs believes that although the performance of the phosphate rock market was weak, with the arrival of the spring planting season, the traditional peak season of the phosphate rock market was getting closer and closer. Therefore, in the short term, the overall weak trend of the phosphate rock market is consolidating, and in the long run, The market situation of phosphate rock can break the weak and gradually become stronger, and the specific trend needs to pay more attention to the impact of factors such as demand and downstream shipments.

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