Price trend
According to data monitoring by SunSirs, as of April 30, 2023, the reference average price of 30% grade phosphate rock in China was around 1,042 RMB/ton. Compared with the reference price of 1,062 RMB/ton on April 1st, the price had decreased by 20 RMB/ton, a decrease of 1.88%.
On the cost side:
From the commodity market analysis system of SunSirs, it can be seen that in April, the overall phosphate rock market in China showed a weak downward trend, with a narrow downward trend in the focus of the phosphate rock market. Although the "Golden March and Silver April" had arrived, the phosphate rock market had not experienced a significant peak season effect. The downstream market demand for phosphate rock terminals was poor, and the terminal market was dragging down the phosphate rock market from bottom to top. The overall supply and demand transmission of phosphate rock was slow, and the overall trading atmosphere on the market was light. Starting from the beginning of the month, some regional mining enterprises had lowered the prices of mid to high-end grade phosphate rock, with a cumulative reduction of about 10-30 RMB/ton. As of April 30th, the domestic market price of 30 grade phosphate rock was based on 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 April 30th, the trading atmosphere inside the phosphate rock field had been mild. At the end of the month, the downstream terminal market demand for phosphate rock had slightly rebounded, giving businesses some confidence. In some regions, the shipment of phosphate rock was still acceptable. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market will mainly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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