SunSirs: Recently, the Phosphate Rock Market Was Stable and Consolidated (January 10-15)

Price trend

According to data monitoring by , as of January 15, 2023, the reference average price of 30% grade phosphate rock in China was around 1,056 RMB/ton. Compared with January 9, the price remained basically unchanged. Compared with January 1, 2023 (reference price of phosphate rock was 1,034 RMB/ton), the price increased by 22 RMB/ton, an increase of 2.13%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in the recent period (1.10 to 1.15), the overall domestic phosphate rock market had remained stable and organized. At the beginning of the month, the phosphate rock market saw a slight increase, and the overall trading focus of the market slightly increased. Entering the mid month stage, the overall phosphate rock market tended to remain stable and operate steadily. As the Spring Festival approaching, some phosphate rock mining areas ere shutting down and production was suspended. The fundamentals of the phosphate rock market were relatively quiet, and the overall situation of mid to high end phosphate rock was still slightly tight. Downstream demand continued to be in demand for essential purchases, and there was not much adjustment between phosphate rock supply and demand. The overall market performance was relatively calm. As of January 15th, the domestic market price for 30 grade phosphate rock was around 1,030-1,100 RMB/ton, with lower prices around 1,000 RMB/ton and higher prices around 1,150 RMB/ton. The specific price varied 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 January 15th, the overall trading atmosphere in the domestic phosphate rock market was mild, with downstream users mainly purchasing according to demand and quantity. The overall news in the market was relatively calm. According to the phosphate rock data analyst of SunSirs, in the short term, the domestic phosphate rock market prices will continue to maintain a stable trend, and the specific trend still needs to pay more attention to the influence of factors such as demand and downstream shipment situation.

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