China’s domestic phosphate rock prices generally pushed up

According to the data monitoring of business agency, as of October 14, the reference average price of 30% grade phosphate ore in domestic mainstream areas was around 386.67 yuan / ton, which was increased by 10 yuan / ton, or 2.65%, compared with October 1; compared with September 1, the average price was increased by 6.67 yuan / ton, or 1.76%.

 

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Domestic phosphate rock market rose after double festival

 

In October, after the double festival, domestic phosphate ore started to resume gradually, and the trading was stable. It was heard that some mining enterprises might raise their quotation, and the new orders were sold at sporadic high prices, and the market was mainly on the wait-and-see manner. Up to the 14th, most of the domestic mines raised the ex factory price of phosphate rock, mainly in Guizhou and Hebei. The overall increase in Guizhou was 20 yuan / ton, and the reference for 30% grade phosphate ore was 300-350 yuan / ton, and the transaction price was around 290-330 yuan / ton. The overall increase in Hebei Province was 10 yuan / ton, and the reference of 30% grade phosphate ore factory quotation was 4 50-550 yuan / ton. At present, after the high-end quotation of phosphate ore market, the trading is fair, and the procurement is mainly required.

 

On the downstream side, the overall price of yellow phosphorus market rose slightly after the festival. Most of the new orders in the market were small orders, and some prices increased slightly. At present, the reference price of Yunnan Net phosphorus factory transaction was around 15300-15500 yuan / T, and a small number of high price orders were referred to 15600 yuan / ton. The phosphoric acid market is mainly stable for the time being, and the recent market demand is not obvious.

 

Continue to be weak in action and maintain stability in the short term

 

In the short term, there is limited space for the phosphate ore market to continue to rise. On the one hand, the current mine operation has not been fully recovered, and the limited supply has given support to the enterprise’s price rise. After the full recovery of the future market operation, the phosphate rock price continues to go up, with insufficient power and no strong support from the market. Therefore, the short-term market upward range is limited and stability is mainly maintained.

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