SunSirs: Phosphate Rock Market Rose Slightly (November 8-14)
November 15 2022 11:07:58 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, as of November 14, the reference average price of 30% grade phosphate rock in China was around 1056 RMB/ton, which was 1 RMB/ton higher than that on November 7 (1,055 RMB/ton).
Analysis review
It can be seen from the data monitoring map of SunSirs that the recent domestic phosphate rock market was generally stable, with a slight rise. The overall supply of domestic medium and high-end grade phosphate ore was mainly tight, and the downstream demand side was relatively stable. The new transaction prices of some phosphate mining enterprises in Sichuan increased slightly by about 10 RMB/ton. The phosphate ore market in Guizhou, Hubei and Guangxi remained stable and consolidated. As of November 14, the market price of 30% grade phosphate rock in China was around 1,030-1,080 RMB/ton. The price is different according to the original ore specification, powder to lump ratio and other factors, and the details need to be negotiated.
Market outlook
Near the end of the year, some domestic mining enterprises and mines have stopped production, and the tight supply of domestic phosphate rock can hardly be greatly improved in the short term. According to the phosphate rock data engineer of SunSirs, the overall domestic phosphate rock market is expected to operate mainly in a stable way, with small fluctuations in the short term, and the specific trend needs to pay more attention to the information changes on the supply and demand side.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 2024-03-07 SunSirs: The Atmosphere Was Mild, and the Phosphate Rock Market Was Slightly Boosted at the Beginning of the Month
- 2024-03-05 SunSirs: Trading Was Light, and the Phosphate Rock Market Slightly Declined in February
