SunSirs: Recently, the Phosphate Rock Market Was Stable and Consolidated (December 13-18)

Price trend

According to data monitoring by SunSirs, as of December 18, 2023, the reference average price of 30% grade phosphate rock in China was around 1,034 RMB/ton. Compared with December 12, 2023, the price remained basically unchanged. Compared with December 1, 2023 (reference price of phosphate rock was 1,024 RMB/ton), the price decreased by 20 RMB/ton, a decrease of 1.90%. Compared with November 1, 2023 (reference price of phosphate rock was 1,024 RMB/ton), the price increased by 10 RMB/ton, an increase of 0.98%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in early December, some mining companies in certain regions in China that had previously quoted higher prices adjusted their prices for phosphate rock . As a result, the overall phosphate rock market experienced a slight decline in the early stages. Recently (12.13-12.18), the overall domestic phosphate rock market had been stable and consolidating after a decline, with little overall fluctuation in the market. The overall supply side of phosphate rock was still slightly tight, and the supply side still provided some support to the market. The overall performance of downstream demand was average, with most downstream orders being for rigid needs. As of December 18th, the domestic price of 30 grade phosphate rock was around 1,020-1,080 RMB/ton. The specific price may vary depending on factors such as the original ore specifications and powder to block ratio, and the specific price needed to be negotiated based on actual orders.

Market outlook

As of December 18th, the atmosphere in the phosphate rock field was mild, and downstream new orders were mainly for rigid demand procurement. The supply side provided certain support to the market, so the transmission between the supply and demand of phosphate rock was still acceptable. The phosphate rock data analyst of SunSirs predicts that in the short term, the domestic phosphate rock market will mainly operate steadily with slight fluctuations, and the specific trend will need to pay more attention to the influence of factors such as demand and downstream shipment situation.

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