Price trend
According to data monitoring by SunSirs, as of March 6, 2023, the reference average price of 30% grade phosphate rock in China was around 1,062 RMB/ton. Compared with March 1 (reference price of 1,052 RMB/ton for phosphate rock), the basic price increased by 10 RMB/ton, an increase of 0.95%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in early March, the overall domestic phosphate rock market showed a slight upward trend. Some mining enterprises in certain regions of China raised the prices of mid to high end grade phosphate rock market narrowly, driving the overall focus of negotiations in the phosphate rock market upward. Among them, some mining enterprises in Sichuan increased the price of 30 grade phosphate rock by about 10-30 RMB/ton, while some mining enterprises in Guizhou increased the price of 30 grade phosphate rock by about 20 RMB/ton, The phosphate rock markets in Yunnan and Guangxi regions continued to maintain stable operation, and there were still some mines that had not started construction yet. As of March 6th, the domestic market price for 30 grade phosphate rock was around 1,000-1,100 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 March 6th, the trading atmosphere inside the phosphate rock field was mild, and the recovery of downstream demand was still relatively slow. The demand support for phosphate rock had generally boosted, but as the weather gradually warms up, downstream demand will continue to be released. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market will mainly continue to be stronger at a high level, and the specific trend still needs to pay more attention to the impact of factors such as demand and downstream shipments.
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