According to data monitoring by Business Society, as of August 4, 2023, the reference average price of 30% grade phosphate ore in China was around 868 yuan/ton. Compared with July 31, 2023 (reference price of phosphate ore is 878 yuan/ton), the price decreased by 10 yuan/ton, a decrease of 1.14%.
From the data monitoring chart of the Business Society, it can be seen that this week (7.31-8.04), the overall market situation of mid to high-end grade phosphorus ore in China showed a weak and slight decline. The overall demand for downstream phosphate fertilizer and fertilizer in the phosphate rock terminal market is weak, and the support provided to phosphate rock from bottom to top is limited. Currently, although the downstream yellow phosphorus and phosphoric acid market has rebounded, the support provided to phosphate rock has not yet met expectations. In some regions of China, mining companies have adjusted the price of phosphate rock in a narrow range, with a reduction of around 20 yuan/ton. As of August 4th, the domestic phosphate rock market price is referenced around 750-980 yuan/ton.
Prediction and Analysis of the Future Market Trend of Phosphate Rock
At present, the trading atmosphere in the phosphate ore field is average, and the overall pace of phosphate ore shipment is relatively slow, with weak transactions on the field. The phosphate ore data analyst of the Business Society believes that there is still a slight downward risk in the domestic phosphate ore market in the short term, and the specific trend needs to pay more attention to changes in supply and demand news.
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