According to data monitoring by Business Society, as of June 30, 2023, the reference average price of 30% grade phosphate ore in China was around 942 yuan/ton. Compared with January 1, 2023 (the reference price of phosphate ore was 1056 yuan/ton), the price was reduced by 114 yuan/ton, a decrease of 10.80%.

From the data monitoring chart of the Business Society, it can be seen that in the first half of 2023, the overall market situation of mid to high-end grade phosphorus ore in China showed a trend of first rising and then falling. In the first quarter of 2023, the domestic phosphorus ore market as a whole steadily rose. In January, around the Spring Festival, the phosphorus ore market remained stable and organized, with many mining companies suspending production and the news on the market remained calm. In February, after returning from the Spring Festival, the overall supply of phosphate rock continued to be tight, supporting a slight upward trend in the market trend, with some mining enterprises in some regions mainly receiving pre orders. In March, the spring planting season has arrived, and the downstream market demand for phosphate ore terminals is good. From bottom to top, the support for phosphate ore market has been strengthened, and the overall phosphate ore market continues to move towards the high-end. In the first quarter, the 30% grade phosphate rock increased by 5.87%.

In the second quarter of 2023, the domestic mid to high-end grade phosphate ore market as a whole began a weak decline. Affected by the decline in downstream product prices of phosphorus ore, downstream factories have started to operate, demand for phosphorus ore has weakened, and some regions have had poor pre orders. The trading atmosphere in phosphorus ore fields is light, and the mentality of operators is average. Downstream demand for raw materials has weakened, and the support for phosphorus ore from bottom to top has gradually loosened. Since early April, the focus of the phosphorus ore market has been continuously moving downwards, and the supply-demand contradiction has gradually emerged. As of June 30, The domestic market price for 30% grade phosphate ore is based on 850-1000 yuan/ton. The specific price may vary depending on factors such as the original ore specifications, powder to lump ratio, and transportation conditions. The specific details need to be negotiated through actual orders.

Prediction and Analysis of the Future Market Trend of Phosphate Rock

At present, the new orders in the phosphate ore market are generally traded, and downstream purchases are mainly based on demand. The phosphate ore industry is cautious, and the phosphate ore data analyst from 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.