SunSirs: In early December, the Overall Phosphate Rock Market Experienced a Slight Decline (December 1-12)
December 13 2023 15:17:56 SunSirs (John)
Price trend
According to data monitoring by SunSirs, as of December 12, 2023, the reference average price of 30% grade phosphate rock in China was around 1,034 RMB/ton. Compared with December 1, 2023 (reference price of phosphate rock was 1,054 RMB/ton), the price decreased by 20 RMB/ton, a decrease of 1.90%. Compared with November 1, 2023 (reference price of phosphate rock was 1,024 RMB/ton), the price increased by 10 RMB/ton, an increase of 0.98%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in the first half of December (12.1-12.12), the overall domestic phosphate rock market showed a slight downward trend. At the beginning of the month, the domestic phosphate rock market remained stable and consolidated, with a quiet trading atmosphere in phosphate rock yards. In some areas, the ore supply remained tight, and the downstream terminal market of phosphate rock was generally stocked, with limited support from the demand side for phosphate rock. On December 7th, some mining companies in certain regions lowered the price of phosphate rock by about 10-30 RMB/ton, reducing the overall price difference between high and low in phosphate rock yards. As of December 12th, the domestic price of 30 grade phosphate rock was around 1,020-1,080 RMB/ton. The specific price may vary 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 December 12th, the overall atmosphere of the phosphate rock market was still good, and the mentality of phosphate rock holders was normal. Some mining companies were waiting for new orders to land next year. The phosphate rock data analyst of SunSirs predicts that in the short term, the phosphate rock market will mainly be stable with small fluctuatations, and more attention needs to be paid to changes in supply and demand news.
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