According to data monitoring by Business Society, as of February 29, 2023, the reference average price of 30% grade phosphate ore in China was around 1052 yuan/ton. Compared with February 1, the basic price has decreased by 4 yuan/ton, a decrease of 0.38%.

From the monitoring chart of Business Society data, it can be seen that in February, the overall domestic phosphate ore market showed a slight decline. On the eve of the Spring Festival, the overall performance of the phosphate ore field was relatively calm, with most of the domestic ores suspended and mining suspended, and the trading atmosphere in the phosphate ore field was light. During the holiday period, the phosphate ore market was generally in a semi closed state, with no significant fluctuations in supply and demand. After the holiday, the overall production of phosphate ore has been average, and some mining areas are still in the closed mining stage. The downstream demand for phosphate ore has recovered relatively slowly, and new orders have been average. Some mining enterprises have narrowly reduced the prices of mid to high-end grade phosphate ore after the holiday. The reduction is around 10-20 yuan/ton. As of February 29th, the domestic market price for 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 construction of the phosphate ore market is steadily recovering, and the downstream market will also enter a stage of demand boosting with the warming weather. Therefore, the phosphate ore data analyst from Business Society believes that in the short term, the domestic phosphate ore market will mostly stabilize with a slight recovery, and the specific trend still needs to pay more attention to the impact of factors such as demand and downstream shipments.