Price trend
According to data monitoring by SunSirs, as of March 14, 2023, the reference average price of 30% grade Phosphate rock in China was around 1,062 RMB/ton, which was basically unchanged from March 10. Compared with March 1 (reference price of Phosphate rock was 1,052 RMB/ton), the basic price increased by 10 RMB/ton, an increase of 0.95%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that as we entered the early March period, the domestic Phosphate rock market experienced a slight upward trend. Entering this week, the overall domestic Phosphate rock market was in a stable and consolidating operation after a slight increase. This week, the overall news in the Phosphate rock market was relatively calm, with some mining companies in certain regions continuing to maintain stable prices in the previous period, and the overall adjustment of the market was limited. As of March 14th, the downstream demand for Phosphate rock was purchased mainly on demand, and the recovery of the terminal market was relatively slow. The support provided to the Phosphate rock market was average, and there was not much pressure on the supply side of Phosphate rock. The supply side provided more support for the stable operation of the market. As of March 14th, 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 14th, the trading atmosphere in the domestic Phosphate rock market was relatively light, and the overall inquiry atmosphere on the market was relatively quiet. According to the Phosphate rock data analyst from SunSirs, in the short term, the domestic Phosphate rock market will mainly operate stably with small fluctuations. The specific trend still needs to pay more attention to the impact of factors such as demand and downstream shipments.
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