According to data monitoring by Business Society, as of April 23, 2023, the reference average price of 30% grade phosphate ore in China was around 1042 yuan/ton. Compared with April 17 (reference price of 1052 yuan/ton for phosphate ore), the price decreased by 10 yuan/ton, a decrease of 0.95%. Compared with the reference price of 1062 yuan/ton for phosphate ore on the 4th and 1st, the price has decreased by 20 yuan/ton, a decrease of 1.88%.

From the monitoring chart of Business Society data, it can be seen that in the first half of April, the overall domestic phosphate ore market showed a weak downward trend. Entering this week, the phosphate ore market continued to experience a slight bearish decline, with the market’s focus slightly downward. This week, some mining companies in areas with higher prices in the early stage have lowered the prices of mid to high-end grade phosphate rock by about 20 yuan/ton. At present, the difference between high and low prices in phosphate rock yards has been reduced. As of April 23rd, the domestic market price of 30 grade phosphate ore is based on 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.

At present, the trading atmosphere inside the phosphate ore field is relatively light, and the main factor affecting the weak operation of the phosphate ore market is the general boost provided by downstream demand. The weak operation of the downstream market of phosphate ore provides weak support for raw materials from bottom to top. In addition, the recovery performance of the terminal phosphate fertilizer market is slow, and the overall effective support in the phosphate ore field is insufficient.

Future analysis

At present, the trading atmosphere inside the phosphate ore field is quiet. Currently, the overall supply tension in the phosphate ore market has eased, and the game between supply and demand is gradually emerging. The phosphate ore data analyst from Business Society believes that in the short term, the domestic phosphate ore market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.