According to data monitoring by Business Society, as of June 5, 2023, the reference average price of 30% grade phosphate ore in China is around 1010 yuan/ton, which is basically unchanged compared to June 1, 2023; Compared to May 1, 2023 (reference price of phosphate rock is 1090 yuan/ton), the price has been reduced by 80 yuan/ton, a decrease of 6.42%.

From the monitoring chart of Business Society data, it can be seen that in early June (6.1-6.5), the domestic phosphorus ore market as a whole showed stable and consolidation operation. At the beginning of the month, the overall downstream demand for domestic phosphorus ore remained relatively stable, with average demand support. The overall supply side was slightly tight, and the supply side provided some support. The trading atmosphere in the phosphorus ore field was light, and the mentality of the phosphorus ore industry was average. The overall market remained stable and excessively operated. As of June 6th, the domestic 30% grade phosphorus ore market price was referenced around 950-1100 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 inside the phosphate ore field has generally boosted, but the recent rebound in downstream product prices of phosphate ore is expected to give a certain positive boost to the phosphate ore market. The phosphate ore data analyst from Business Society believes that in the short term, the domestic phosphate ore market will mainly adjust and operate in multiple intervals, and the specific trend needs to pay more attention to changes in supply and demand news.