SunSirs: This Week, the Phosphate Rock Market Was Stable and Sorted out (January 29-February 4)

Price trend

According to data monitoring by SunSirs, as of February 4, 2023, the reference average price of 30% grade phosphate rock in China was around 1,056 RMB/ton, which was basically the same as January 29, 2023; Compared with January 1, 2023 (reference price of phosphate rock was 1,034 RMB/ton), the price had increased by 22 RMB/ton, an increase of 2.13%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (1.29-2.4), the overall domestic phosphate rock market remained stable and consolidated. Entering February, the news in the domestic phosphate rock market was relatively calm. This week, there was not much adjustment in the overall supply and demand of phosphate rock, and the transmission between the supply and demand sides was normal. As the Spring Festival approached, the downstream stocking and winter storage of phosphate rock came to an end, and the market remained stable and organized. The fluctuation in the phosphate rock market was relatively small, and the overall market was relatively quiet. As of February 4th, 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 February 4th, as the Spring Festival approaching, logistics and transportation had also been gradually suspended. Downstream factories had also started to operate at a reduced rate or enter the holiday season. According to the phosphate rock data analyst of SunSirs, in the short term, the domestic phosphate rock market will mainly operate in a mild and quiet manner, with limited fluctuations in the market. The specific trend still needs to pay more attention to the impact of factors such as demand and downstream shipments.

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