According to data monitoring by Business Society, as of January 9, 2023, the reference average price of 30% grade phosphate ore in China was around 1056 yuan/ton. Compared with January 1, 2023 (reference price of 1034 yuan/ton), the price increased by 22 yuan/ton, an increase of 2.13%.
From the monitoring chart of Business Society data, it can be seen that in the beginning of 2024, the domestic phosphate ore market has experienced an upward trend. In early January, the overall domestic phosphate ore market rose by over 2%. Entering the new year, some mining companies in China have begun to implement new landing ore prices. Guizhou, Sichuan, and Guangxi regions have raised the prices of medium and high-grade phosphate ore by about 20-50 yuan/ton. Currently, the supply of phosphate ore in the field is still tight, with some areas experiencing tight spot prices. Downstream demand for phosphate ore is mainly for procurement of essential goods. As of January 9th, the domestic market price for 30 grade phosphate ore is around 1030-1100 yuan/ton, with some regions offering higher prices around 1150 yuan/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.
Prediction of future market for phosphate ore
At present, the trading atmosphere in the domestic phosphate ore market is mild, and the mentality of the industry is good. Some downstream companies prepare goods before the new year and purchase according to the quantity. According to the phosphate ore data analyst of Business Society, the domestic phosphate ore market is mainly stable in the short term, and the specific trend needs to pay more attention to the influence of factors such as demand and downstream shipment situation.
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