In early July, the phosphate rock market rose again

July 13, 2022

business club

4668

Guide

Highlights at a glance

As of July 11, the average reference price of 30% grade phosphate rock in major regions of China reached approximately 1,083 yuan/ton, rising 2.24% from July 1 and surging 19.05% from June 1. Tight supply, especially in Guizhou, where mining companies raised prices by 50 yuan/ton due to limited spot availability and ongoing production cuts, has driven the market upward. Many local producers are prioritizing self-use, reducing external sales. By mid-July, Guizhou’s 30% grade phosphate rock was priced at 1,100–1,150 yuan/ton, while 28% grade ranged from 980–1,030 yuan/ton. Despite steady downstream demand and normal trading activity, supply constraints remain a key factor. The business community's data indicates that the market will likely remain stable in the short term, with close monitoring of supply-demand dynamics advised.

According to the data monitoring of the business society, as of July 11, the average reference price of 30% grade phosphate rock in mainstream areas in my country was around 1,083 yuan/ton, compared with July 1 (the reference price of phosphate rock was 1,043 yuan/ton). , the price increased by 23 yuan / ton, an increase of 2.24%; compared with June 1 (the reference price of phosphate rock was 910 yuan / ton), the price was increased by 173 yuan / ton, an increase of 19.05%.

It can be seen from the data monitoring chart of the business agency that in the first ten days of July, the domestic phosphate rock market continued to run at a high level. On July 11, under the support of the tight supply of phosphate rock in the field and the shortage of circulating spot, some mining companies in Guizhou once again raised the market price of medium and high-grade phosphate rock by 50 yuan/ton. Phosphate rock is mainly for self-use, and external sales are basically suspended. In addition, the retro mining enterprises in Guizhou in the early stage are currently shutting down production again, and the overall supply in the field has not eased yet. As of July 11, the domestic market price of 30% grade phosphate rock in Guizhou is around 1100-1150 yuan/ton, and the market price of 28% grade phosphate rock is 980-1030 yuan/ton. At present, the downstream demand for phosphate rock is stable, and the trading atmosphere in the field is normal.

Market analysis

At present, the phosphate rock market is supported by both supply and demand, and the on-site operation is high and stable. The phosphate rock data engineer of the business community believes that in the short term, the domestic phosphate rock market will be mainly stable and stable, and more specific needs are needed. Pay attention to the news changes on the supply and demand side.

Potassium Chloride: Many market voices, bearish mentality unchanged

Domestic Potassium News | The downturn is still stable and has not yet been achieved