SunSirs: The Phosphate Rock Market Was Stable and Consolidated This Week (April 15-19)

https://www.chemnet.com   Apr 20,2023 SunSirs

　　According to data monitoring by SunSirs, as of April 19, 2023, the reference average price of 30% grade phosphate rock in China was around 1,106 RMB/ton; Compared to April 15, 2023, the price remained basically unchanged; Compared to April 1, 2023 (reference price of phosphate rock was 1,118 RMB/ton), the price was reduced by 12 RMB/ton, a decrease of 1.07%.

　　Analysis review

　　From the data monitoring chart of SunSirs, it can be seen that this week (4.15-4.19), the overall domestic phosphate rock market remained stable and consolidated. In early April, due to the low start of downstream phosphorus yellow production, the weak operation of phosphorus yellow from bottom to top affected the atmosphere in the phosphate rock field, and the market situation of some areas of the domestic phosphate rock market adjusted downward. Entering this week, the domestic phosphate rock market resumed stable and consolidated operation as a whole after falling, and the supply of phosphate rock in the yard was still tight, supporting the market to stop falling and stabilize as a whole. As of April 19, the domestic market price of 30% grade phosphate rock was around 1,050-1,150 RMB/ton, and the price of 28% grade phosphate rock was around 960-990 RMB/ton. The reference price for 32% grade phosphate rock was around 1,180-1,220 RMB/ton. Due to factors such as the specifications of the original ore and the powder to lump ratio, there was also a difference in the specific price, which needed to be negotiated on a real order basis.

　　Market outlook

　　As of the 19th, the downstream phosphate fertilizer market for phosphate rock was still trading well. In addition, with the warming weather and the traditional peak season at the terminals, the phosphate rock industry had a good mentality. The phosphate rock data analyst from SunSirs believes that in the short term, the domestic phosphate rock market will mainly operate with stable and small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand information.

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