Price trend

According to data monitoring by SunSirs, as of March 21, 2023, the reference average price of 30% grade phosphate rock in China was around 1,062 RMB/ton, which was basically unchanged from March 17. Compared with March 1 (reference price of 1,052 RMB/ton of 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 saw a slight increase and then remained stable. Entering this week, the phosphate rock market had shown a fluctuating trend of ups and downs. At the beginning of the week, the overall price of phosphate rock in the Yunnan region of China increased, with some mining companies that had previously quoted lower prices raising the price of 30 grade phosphate rock by about 20 RMB/ton. Later, during the mid week period, some mining companies in Guizhou region also lowered the prices of mid to high end grade phosphate rock narrowly based on their own shipments, with a reduction of about 10-30 yuan per ton. The phosphate rock market in other regions mainly continued to consolidate and operate. As of March 21st, the domestic market price of 30 grade phosphate rock as 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 21st, the overall trading atmosphere in the domestic phosphate rock market had been mild and quiet. Downstream inquiries were normal, and the market continued to wait for demand to be released. The supply and demand transmission was still good. According to the phosphate rock data analyst from SunSirs, in the short term, the domestic phosphate rock market will mainly adjust slightly, and the specific trend will need to pay more attention to the impact of factors such as demand and downstream shipments.

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