According to data monitoring by Business Society, as of March 21, 2023, the reference average price of 30% grade phosphate ore in China was around 1062 yuan/ton, which was basically unchanged from March 17. Compared with March 1 (reference price of 1052 yuan/ton of phosphate ore), the basic price increased by 10 yuan/ton, an increase of 0.95%.
From the monitoring chart of Business Society data, it can be seen that in early March, the overall domestic phosphate ore market saw a slight increase and remained stable. Entering this week, the phosphate ore market has shown a fluctuating trend of ups and downs. At the beginning of the week, the overall price of phosphate ore in the Yunnan region of China increased, with some mining companies that had previously quoted lower prices raising the price of 30 grade phosphate ore by about 20 yuan/ton. Later, during the mid week period, some mining companies in Guizhou region also lowered the prices of mid to high end grade phosphate ore narrowly based on their own shipments, with a reduction of about 10-30 yuan per ton. The phosphate ore market in other regions mainly continues to consolidate and operate. As of March 21st, the domestic market price of 30 grade phosphate ore is around 1000-1100 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 overall trading atmosphere in the domestic phosphate ore market is mild and quiet, with normal downstream inquiries. The market continues to wait for demand to be released, and the current supply and demand transmission is still good. According to the phosphate ore data analyst from Business Society, in the short term, the domestic phosphate ore market will mainly adjust slightly, and the specific trend will need to pay more attention to the impact of factors such as demand and downstream shipment. The specific trend still needs to pay more attention to the impact of factors such as demand and downstream shipments.
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