According to data monitoring by Business Society, as of August 10, 2023, the reference average price of 30% grade phosphate ore in China was around 856 yuan/ton. Compared with August 6, 2023 (reference price of 868 yuan/ton), the price was reduced by 12 yuan/ton, a decrease of 1.38%.
From the data monitoring chart of the Business Society, it can be seen that this week (8.06-8.10), the overall market situation of mid to high-end grade phosphorus ore in China showed a slight decline. At present, the overall trading volume in the phosphate ore field is average, with limited downstream new orders. The weak downstream demand at the end provides limited market support for phosphate ore, and the current market shipment of phosphate ore is not as expected. Within this week, some mining companies in some regions in China have slightly lowered the price of phosphate ore, with a decrease of around 10-20 yuan/ton. As of August 10th, the domestic market price of 30 grade phosphate ore is around 750-950 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 overall phosphorus ore market has been operating at a weak and low level for a period of time. The industry in the phosphorus ore field is highly optimistic about rising prices. Although the terminal demand is average, the recovery of the downstream yellow phosphorus and phosphoric acid market still gives confidence to the industry. Therefore, the risk of a sustained downward trend in the phosphorus ore market is relatively small. The phosphorus ore data analyst from the Business Society believes that in the short term, the domestic phosphorus ore market will mostly remain stable and consolidate, The specific trend still needs to pay more attention to the changes in news on the supply and demand side.
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