SunSirs: The phosphate rock market remained stable and consolidated this week (October 13-18)
October 19 2023 14:02:49 SunSirs (John)
Analysis review
After the National Day holiday, the overall domestic phosphate rock market had slightly increased. Entering this week, the phosphate rock market was consolidated at high levels, and supply and demand had not changed much. The overall supply of mid to high-end grade phosphate rock in some regions was still tight, while downstream demand remained stable, with most of the orders mainly based on demand and pre orders. As of October 18, the overall price of phosphate rock in the field had not changed much. As of October 18, the reference market price of domestic 30 grade phosphate rock was around 950-1,050 RMB/ton.
Market outlook
As of October 18, the overall trading atmosphere in the phosphate rock field was mild, and downstream demand was relatively stable. Winter warehousing had not been fully opened yet. Although the supply side can still provide some support to the market, the phosphate rock data analyst of SunSirs believes that in the short term, the overall rise and fall of the domestic phosphate rock market was limited, and the market will mostly operate at high levels for consolidation. The specific trend needs to pay more attention to factors such as demand and downstream shipments.
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