SunSirs: Since October, the Overall Domestic Phosphate Rock Market Declined Slightly (October 1-25)

Price trend

According to the data monitoring of SunSirs, as of October 25, the reference average price of 30% grade phosphate rock in mainstream areas in China was around 1,054 RMB/ton, which was 10 RMB/ton lower than that on October 1 (1,064 RMB/ton), a decrease of 0.91%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that since October (10.1-10.25), the overall domestic phosphate rock market declined slightly. After the National Day holiday, the trading atmosphere in the phosphate ore market was quiet, and the weak market situation of the terminal phosphate fertilizer market gave ordinary support to the phosphate ore. Most of the support in the phosphate ore market came from the continuous tension in the supply side, and most of the offers of the operators maintained stable. Some mining enterprises in Sichuan reduced the market price of phosphate ore slightly, with a decrease rate of about 10 RMB/ton.

In the late October, the phosphate rock market was operating steadily with small changes. Some mining enterprises in Yunnan Province reduced the price of phosphate rock by 10-20 RMB/ton in response to new orders. Near the end of the month, some mines were shut down, and the supply and demand of the site was relatively calm.

On October 25, the market price of 30% grade phosphate rock in China was around 1,030-1,080 RMB/ton. The market price of 28% grade phosphate ore was around 980 RMB/ton, and the market price of 32% grade phosphate ore was around 1,160-1,260 RMB/ton. According to the original ore specifications and powder to lump ratio and other factors, there was a gap in the price, and the specific needed to be negotiated.

In terms of downstream phosphorus yellow, the recent (10.14-10.24) phosphorus yellow market was relatively light, and the enthusiasm for picking up goods in the downstream was not high. In addition, transportation in some regions was limited. The quotations of phosphorus yellow enterprises were mostly firm. As of the 25th, most phosphorus yellow enterprises mainly delivered early orders, and most phosphorus yellow manufacturers did not made external quotations for the time being, one order, one price. By the 25th, the mainstream quotation of Yunnan phosphorus yellow was about 37,000 RMB/ton; The mainstream quotation of Sichuan phosphorus yellow was about 37,000 RMB/ton; The mainstream quotation of Guizhou phosphorus yellow was about 37,000 RMB/ton. The manufacturer's quotation was basically unchanged.

Market outlook

At present, the downstream demand for phosphate rock is generally weak, the demand side support is general, and the supply side supports the mentality of the industry. According to the phosphate rock data engineer of SunSirs, in the short term, the domestic phosphate rock market will mainly operate stably, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com