Price trend
According to data monitoring by SunSirs, as of December 1, 2023, the reference average price of 30% grade phosphate rock in China was around 1,054 RMB/ton. Compared with November 27, 2023 (reference price of phosphate rock was 1,054 RMB/ton), the price remained basically unchanged. Compared with November 1, 2023 (reference price of phosphate rock was 1,024 RMB/ton), the price increased by 30 RMB/ton, an increase of 2.93%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that this week (11.27-12.01), the overall domestic phosphate rock market showed a stable and consolidating trend. As of December 1st, the overall trading in the phosphate rock field was relatively quiet, and the performance of downstream phosphorus yellow and phosphoric acid markets was weak, providing moderate support for the phosphate rock market. The overall tight supply side of phosphate rock provided certain support for the phosphate rock market. As of December 1st, the phosphate rock market was in a stage of supply and demand adjustment. As of December 1st, the domestic 30% grade phosphate rock market price was around 1,000-1,100 RMB/ton, and the high-end price was around 1,150 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 needs to be negotiated based on actual orders.
Market outlook
As of December, the trading atmosphere inside the phosphate rock field had been mild, and the transmission performance of the supply and demand side of phosphate rock is average. According to the phosphate rock data analyst from SunSirs, the domestic phosphate rock market has limited changes in the short term, and the market will continue to operate steadily. The specific trend still needs to pay more attention to changes in the supply and demand side news.
