SunSirs: The Phosphate Rock Market Remained Stable and Organized This Week (August 14-18)
August 18 2023 14:26:46 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of August 18, 2023, the reference average price of 30% grade phosphate rock in China was around 856 RMB/ton, which was basically the same as August 14, 2023. Compared with August 1, 2023 (reference price of phosphate rock was 8,78 RMB/ton), the price decreased by 22 RMB/ton, a decrease of 2.51%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (8.14-8.18), the overall market situation of mid to high-end grade phosphate rock in China remained stable and organized. As of August 18, the overall trading atmosphere in the phosphate rock field was mild, the downstream demand table was calm, and the overall market was stable. As of August 18th, the domestic market price of 30 grade phosphate rock was around 750-950 RMB/ton. The specific price may varied depending on factors such as the original ore specifications, powder to lump ratio, and transportation conditions. Specific details need to be discussed on a real order basis.
Market outlook
As of August 18th, the overall atmosphere of the phosphate rock market had improved compared to the previous period, but the market as a whole had not yet met expectations. I t was waiting for a boost in demand to give more momentum to the market, and the overall mentality of the industry had improved compared to the previous period. The phosphate rock data analyst of SunSirs believes that in the short term, the domestic phosphate rock market will mainly operate steadily with minor changes, and the specific trend still needs to pay more attention to changes in supply and demand news.
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