SunSirs: In September, the Overall Phosphate Rock Market Rose (September 1-26)
September 27 2023 09:35:39 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of September 26, 2023, the reference average price of 30% grade phosphate rock in China was around 970 RMB/ton. Compared with September 1, 2023 (reference price of 866 RMB/ton), the price increased by 104 RMB/ton, an increase of 12.01%.
Analysis review
From the data monitoring chart of the SunSirs, it can be seen that Gold September approached (9.1-9.26), the domestic market for mid to high-end grade phosphate rock finally started to rise. Entering September, the trading atmosphere in domestic phosphate rock mines had improved, downstream demand and stock up havd increased, and the supply of mid to high-end grade phosphate rock was constantly tightening. The spot circulation on the site was tight, and with the support of both supply and demand, the market price of mid to high-end grade phosphate rock was constantly approaching the high-end. As of September 15th, the domestic 30% grade phosphate rock market price reference was around 930-980 RMB/ton, with an increase of 11.09% in the first ten days.
In late September, the supply of phosphate rock in the field continued to be tight, and downstream demand remained stable. The overall domestic phosphate rock market continued to slightly increase, with some mining companies continuing to raise the prices of mid to high-end grade phosphate rock by around 20-30 RMB/ton. Subsequently, the overall market stabilized at a high level, and as of September 26th, the domestic 30% grade phosphate rock market price was referenced around 950-1,000 RMB/ton, with a monthly increase of over 12%. The specific price may vary depending on factors such as the original ore specifications, powder to lump ratio, and transportation conditions. The specific details need to be negotiated based actual orders.
Market outlook
As of September 26th, the overall trading atmosphere in domestic phosphate rock fields was mild, supply side still was tight and downstream demand was stable. According to phosphate rock data analysts from the SunSirs, in the short term, the domestic phosphate rock market will mainly continue to be consolidated at high levels, and the specific trend still needs to pay more attention to changes in supply and demand news.
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