According to data monitoring by Business Society, as of May 11, 2023, the reference average price of 30% grade phosphate ore in China was around 1066 yuan/ton. Compared with May 7, 2023 (reference price of phosphate ore is 1090 yuan/ton), the price has decreased by 24 yuan/ton, a decrease of 2.20%.

From the data monitoring chart of the Business Society, it can be seen that this week (5.7 to 5.11), the domestic phosphorus ore market as a whole was in a weak and declining trend, and the overall market focus was on a downward trend. At present, although the overall support for the supply side of phosphate rock in China is still acceptable, the overall operating rate downstream of the phosphate rock industry chain is relatively low, and the demand for phosphate rock in some regions has weakened. The overall atmosphere in phosphate rock yards is average, and some mining companies have lowered the prices of mid to high-end grade phosphate rock by around 20-50 yuan/ton. As of May 11, the market price of 30% grade phosphorus ore in China is around 1000-1100 yuan/ton, and the low price is around 980 yuan/ton. There are also differences between the specific price and factors such as the original ore specifications and powder to lump ratio, and the specific price needs to be negotiated through actual orders.

Prediction and Analysis of the Future Market Trend of Phosphate Rock

At present, the trading atmosphere in the phosphate ore field is quiet, and the downstream weakness affects the mentality of the industry. From bottom to top, the support for phosphate ore is loose. The phosphate ore data analyst of the Business Society believes that in the short term, the domestic phosphate ore market is mainly subject to narrow adjustment and operation, and the specific trend still needs to pay more attention to changes in supply and demand news.