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SunSirs: After the National Day Holiday, the Domestic Phosphate Rock Market Was weak As a Whole
October 14 2022 09:34:25SunSirs(John)

Price trend

According to the data monitoring of SunSirs, as of October 13, the reference average price of 30% grade phosphate rock in mainstream areas in China was around 1,054 RMB/ton. Compared with October 1 (the reference price of phosphate rock was 1,064 RMB/ton), the price decreased by 10 RMB/ton, a drop of 0.91%, and compared with August 1 (the reference price of phosphate rock was 1,100 RMB/ton), the price decreased by 46 RMB/ton, a drop of 4.16%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that the domestic phosphate rock market was generally weak after returning from the National Day holiday. The demand support of the downstream phosphate fertilizer market was general. The overall cold operation of the phosphate fertilizer market relatively affected the mentality of the phosphate rock industry. However, supported by tight supply, most mining enterprises in the field still maintained a high offer. Among them, the market price of medium and high-end grade phosphate rock in Guizhou was stable after the festival, and some mining enterprises in Yunnan and Sichuan reduced the market price of medium and high-end grade phosphate rock by 10-20 RMB/ton. As of October 13, the market price of 30% grade phosphate rock in China was around 1,030-1,080 RMB/ton. The market price of 28% grade phosphate ore was around 980 RMB/ton, and the market price of 32% grade phosphate ore was around 1,160-1,260 RMB/ton. The price was also related to the raw ore specification, powder to lump ratio and other factors, and the details needed to be negotiated.

In terms of downstream yellow phosphorus, after the National Day holiday, the domestic yellow phosphorus market rose as a whole. According to the data monitoring of SunSirs, the reference price of yellow phosphorus was 37,500 RMB/ton on October 12, up 3.09% compared with that of October 1 (36,375 RMB/ton).

Market outlook

At present, the downstream phosphate fertilizer market is relatively light as a whole, giving ordinary support to the phosphate ore market. The support for maintaining the stability of the phosphate rock market mainly comes from the continuous tension on the supply side. According to the phosphate rock data engineer of SunSirs, in the short term, the domestic phosphate rock market is dominated by weak consolidation operation, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

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