SunSirs: The Phosphate Rock Market Had Slightly Weakened This Week (July 31-August 4)
August 08 2023 09:39:45 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of August 4, 2023, the reference average price of 30% grade phosphate rock in China was around 868 RMB/ton. Compared with July 31, 2023 (reference price of phosphate rock was 878 RMB/ton), the price decreased by 10 RMB/ton, a decrease of 1.14%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (7.31-8.04), the overall market situation of mid to high-end grade phosphate rock in China showed a weak and slight decline. The overall demand for downstream phosphate fertilizer and fertilizer in the phosphate rock terminal market was weak, and the support provided to phosphate rock from bottom to top was limited. As of August 4th, although the downstream phosphorus yellow and phosphoric acid market had rebounded, the support provided to phosphate rock had not yet met expectations. In some regions of China, mining companies had adjusted the price of phosphate rock in a narrow range, with a reduction of around 20 RMB/ton. As of August 4th, the domestic phosphate rock market price was referenced around 750-980 RMB/ton.
Market outlook
As of August 4th, the trading atmosphere in the phosphate rock field was average, and the overall pace of phosphate rock shipments was relatively slow, with weak transactions on the field. The phosphate rock data analyst from SunSirs believes that there is still a slight downward risk in the domestic phosphate rock market in the short term, and the specific trend needs to pay more attention to changes in supply and demand news.
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- 2024-03-07 SunSirs: The Atmosphere Was Mild, and the Phosphate Rock Market Was Slightly Boosted at the Beginning of the Month
- 2024-03-05 SunSirs: Trading Was Light, and the Phosphate Rock Market Slightly Declined in February
