SunSirs: After the New Year, the Phosphate Rock Market Stabilized

Price trend

According to the data monitoring of SunSirs, as of January 4, 2023, the reference average price of 30% grade phosphate rock in China was around 1,056 RMB/ton, which was basically the same as that of December 1, 2023. Compared with June 15, 2022 (the reference price of phosphate rock was 1,043 RMB/ton), the price was increased by 13 RMB/ton, or 1.21%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that after the 2023 New Year, the domestic phosphate rock market continued to operate stably as a whole. As the Spring Festival approaches, some domestic mining enterprises stop mining. The downstream demand for phosphate rock is stable, the shipment rhythm is normal, and the supply side is still tight as a whole. The supply and demand information has not changed much. Some mining enterprises mainly pre receive orders after the Spring Festival, and the trading atmosphere in the phosphate rock yard is mild. As of January 4, 2023, the domestic market price of 30% grade phosphate rock was around 1,030-1,080 RMB/ton, and the price of 28% grade phosphate rock was around 950-980 RMB/ton. The reference price of 32% grade phosphate rock was around 1,150-1,250 RMB/ton. Due to the raw ore specification, powder to lump ratio and other factors, there was a gap in the specific price, which needed to be negotiated.

Market outlook

In 2023, the domestic phosphate rock market has not changed much. The overall market trend continues the stable trend at the end of 2022, and the supply and demand in the market is calm. According to the phosphate rock data engineer of SunSirs, in the short term, the domestic phosphate rock market will continue to be mainly stable, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

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