Price trend

According to data monitoring by SunSirs, as of April 17, 2023, the reference average price of 30% grade phosphate rock in China was around 1,052 RMB/ton. Compared with April 14 (reference price of 1,062 RMB/ton for phosphate rock), the price decreased by 10 RMB/ton, a decrease of 0.94%. Compared to the prices on the 3rd and 1st day, it was basically the same.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week, the overall domestic phosphate rock market had shown a slight decline. Since April, the overall trading atmosphere in the domestic phosphate rock market had been average, with limited new orders on the market. The downstream market of phosphate rock had shown weak performance, and the overall demand side had provided weak support for the phosphate rock market. In some regions, the slightly tight supply of phosphate rock still supported mining enterprises to maintain stable quotations. However, some regions were affected by weak supply and demand, and the overall pace of phosphate rock shipments was average. Therefore, some mining companies lowered the prices of mid to high-end grade phosphate rock by about 20-30 RMB/ton. As of April 17th, 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 April 17th, the overall atmosphere on the phosphate rock market was weak, and the mentality of the industry was average. The overall purchasing activity in the downstream market was relatively low, and the market's overall concern gradually accumulated. The phosphate rock analyst of SunSirs believes that in the short term, the domestic phosphate rock market will mostly adjusted to be weaker. The specific trend still needs to pay more attention to changes in supply and demand news.

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