SunSirs: This Week, the Phosphate Rock Market Remained Stable at a High Level (March 3-8)

Price trend

According to the data monitoring of SunSirs, as of March 8, 2023, the reference average price of 30% grade phosphate rock in China was around 1,092 RMB/ton; Compared with March 1 (the reference price of phosphate rock was 1,074 RMB/ton), the price increased by 18 RMB/ton, or 1.68%; Compared with December 8 (the reference price of phosphate rock was 1,056 RMB/ton), the price increased by 36 RMB/ton, or 3.41%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (3.03-3.08), the domestic phosphate rock market as a whole saw a slight rise. With the coming of the spring planting season, the demand for phosphate fertilizer downstream of the phosphate rock terminal will also gradually increase. The demand side gave more support to the phosphate rock. The supply in the phosphate rock field continued to be tight. With the joint support of supply and demand, the overall focus of the domestic market of medium-high grade phosphate rock continued to close up. As of March 8, the domestic market price of 30% grade phosphate rock was around 1,050-1,150 RMB/ton, and the price of 28% grade phosphate rock was around 960-990 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 8th, the trading atmosphere in the phosphate rock field was mild, and the operators were in a good mood. Some mining enterprises continued to deliver preliminary orders. The phosphate rock statistician of SunSirs believed that in the short term, the domestic phosphate rock market will remain high and strong as a whole, and the specific trend still needed to pay more attention to the changes in the supply and demand information.

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