Continuing the upward trend of “Gold Nine”, the domestic phosphorus ore market “Silver Ten” continues to rise and operate. After the end of the October National Day holiday, the overall domestic phosphorus ore market continued to approach a high level. On October 26th, the market price of 30 grade phosphorus ore once again broke through the thousand yuan mark, with a reference price of around 1008 yuan/ton, an increase of 3.92% compared to early October. At present, the difference between high and low prices in the phosphate rock field has narrowed, and the overall market performance is still good.
The main influencing factors for the upward trend of phosphate rock market:
On the supply side: Currently, the overall supply of phosphorus ore in China is still tight, with some regions experiencing tight spot inventory of medium to high grade ores and relatively low overall spot circulation on the market. Therefore, the supply side continues to support the overall focus of the phosphorus ore market to move upwards.
In terms of demand: Currently, the downstream demand for phosphate ore is acceptable. Although the opening of terminal winter storage is relatively slow, the downstream demand is still relatively stable, providing some support to the phosphate ore market. Currently, some mining enterprises mainly receive pre orders, and the overall market shipment situation is good.
Prediction and Analysis of the Future Market Trend of Phosphate Rock
At present, the trading atmosphere inside the phosphate ore field is mild, and the supply and demand transmission is relatively smooth. It is expected that the narrow upward trend of the terminal potassium fertilizer and phosphate ammonium market will provide some support to the market from bottom to bottom. The phosphate ore data analyst of the Business Society believes that in the short term, the domestic phosphate ore market will mostly operate in a stable to strong manner, and the specific trend needs to pay more attention to the impact of factors such as demand and downstream shipments.
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