According to data monitoring by Business Society, as of April 26, 2023, the reference average price of 30% grade phosphate ore in China was around 1106 yuan/ton. Compared with April 1, 2023 (the reference price of phosphate ore was 1090 yuan/ton), the price was reduced by 16 yuan/ton, a decrease of 2.50%.

From the data monitoring chart of the Business Society, it can be seen that since April (4.1-4.26), the overall domestic phosphorus ore market has been weak and moving downwards. In early April, due to the downward trend of the yellow phosphorus market in the downstream of the industrial chain, downstream operations began at a reduced rate. The demand for phosphate ore in some regions of China became loose, and the wait-and-see atmosphere on the market was strong. Some mining companies lowered the prices of mid to high-end grade phosphate ore by around 10-30 yuan/ton. Then, in the middle of April, the overall phosphorus ore market was in a weak and stable consolidation operation. Near the end of the month, some mining enterprises in Sichuan Province adjusted the phosphorus ore price downward by about 10-20 yuan/ton. As of April 26, the domestic 30% grade phosphorus ore market price reference was close to 1000-1150 yuan/ton, and the 28% grade phosphorus ore price reference was near 960-990 yuan/ton. The reference price for 32% grade phosphate ore is around 1080-1220 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 average, and some mining companies have some concerns about the future market. The wait-and-see sentiment is strong. The phosphate ore data analyst from the Business Society believes that in the short term, the domestic phosphate ore market is mainly weak and organized, and the specific trend still needs to pay more attention to changes in supply and demand news.