According to data monitoring by Business News Agency, as of March 17, 2023, the reference average price of 30% grade phosphorus ore in China was around 1092 yuan/ton; Compared to March 12th, prices remained basically stable; Compared to March 1st (the reference price of phosphate rock was 1074 yuan/ton), the price was increased by 18 yuan/ton, or 1.68%; Compared to December 8th (the reference price of phosphate rock was 1056 yuan/ton), the price was increased by 36 yuan/ton, or 3.41%.

As can be seen from the data monitoring chart of the Business Agency, in early March, supported by the gradual improvement of the downstream demand side, the domestic medium and high-end grade phosphorus ore market as a whole ushered in an upward movement. Entering this week (3.13-3.17), the overall domestic phosphorus ore market remained stable at a high level. The overall supply side of the phosphate rock field remains tight, and the supply side continues to support high market quotations. With the arrival of the spring plowing season, the downstream demand of the terminal continues to increase, and the downstream demand side of the phosphate rock performs steadily. As of March 17, the domestic market price of 30% grade phosphorus ore is referenced around 1050-1150 yuan/ton, and the price of 28% grade phosphorus ore is referenced around 960-990 yuan/ton. The reference price of 32% grade phosphorus ore is around 1180-1250 yuan/ton. There is also a gap between the specific price and factors such as the raw ore specification and the powder to lump ratio, and the specific price needs to be negotiated on a real basis.

Prediction and analysis of future market trend of phosphate rock

At present, the trading atmosphere in the phosphate rock field is good, the supply and demand transmission is smooth, and the overall market support is good. The phosphorus ore data analyst of the Business Agency believes that in the short term, the domestic phosphorus ore market will mostly continue to operate at a high and strong level, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.