SunSirs: In Early July, the Phosphate Rock Market Saw a Weak Decline (July 1-11)

Price trend

According to data monitoring by SunSirs, as of July 11, 2023, the reference average price of 30% grade phosphate rock in China was around 926 RMB/ton. Compared with July 1, 2023 (reference price of 942 RMB/ton), the price was reduced by 16 RMB/ton, a decrease of 1.70%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in early July (7.1-7.11), the overall market situation of mid to high-end grade phosphate rock in China showed a weak decline. In early July, the phosphate rock market was operating in a weak and consolidated manner, with weak downstream demand. The overall shipment pace of the phosphate rock market slowed down, and the mentality of the industry was average. The demand dragged down the impact. On the 11th, some mining companies in Guangxi and Guizhou lowered the prices of mid to high-end grade phosphate rock, with a downward adjustment of 20-50 RMB/ton, widening the gap between high and low prices on the market. As of July 11th, the domestic market price for 30% grade phosphate rock was referenced 800-1,000 RMB/ton. The specific price may varied depending on factors such as the original ore specifications, powder to lump ratio, and transportation conditions. The specific details needed to be negotiated on actual orders.

Market outlook

At present, the trading atmosphere in the phosphate rock field is light, and the overall market trend is still weaker. There is a strong wait-and-see sentiment. The phosphate rock data analyst of SunSirs believes that in the short term, the domestic phosphate rock market will mainly adjust slightly, and the specific trend needs to pay more attention to changes in supply and demand news.

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