SunSirs: Since February, the Phosphate Rock Market Had Been Operating Steadily after Rising (February 1-24)

Price trend

According to the data monitoring of SunSirs, as of February 24, 2023, the reference average price of 30% grade phosphate rock in China was around 1,074 RMB/ton. Compared with February 1 (the reference price of phosphate rock was 1,056 RMB/ton), the price increased by 18 RMB/ton, or 1.70%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that the domestic phosphate rock market was stable and rose in February. At the beginning of February, the domestic phosphate rock market was in stable and consolidated operation as a whole. As the weather turned warmer, some regional mines began mining, and the downstream demand for phosphate rock was also gradually opened. The market price of phosphate rock had risen for the first time in 2023. Some mining enterprises in Guizhou and Sichuan raised the price of medium-high grade phosphate rock, of which the increase rate of 30% grade phosphate rock in Guizhou was about 20-40 RMB/ton, and the increase rate of 30% grade phosphate rock in Sichuan was about 20 RMB/ton.

As of February 24, 2023, the domestic market price of 30% grade phosphate rock was around 1,050-1,100 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 1,180-1,250 RMB/ton. Due to factors such as the specification of raw ore and the ratio of powder to lump, the specific price was also different, and the specific price needed to be negotiated on a real basis.

Market outlook

As of the 24th, the trading atmosphere in the phosphate rock field was normal. The spring planting season is coming, and the terminal demand for phosphate rock will continue to recover. The phosphate rock statistician of SunSirs believes that in the short term, the domestic phosphate rock market will continue to operate in a stable and stronger manner, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.

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