According to data monitoring by Business Society, as of December 12, 2023, the reference average price of 30% grade phosphate ore in China was around 1034 yuan/ton. Compared with December 1, 2023 (reference price of phosphate ore is 1024 yuan/ton), the price decreased by 20 yuan/ton, a decrease of 1.90%. Compared with November 1, 2023 (reference price of phosphate ore is 1024 yuan/ton), the price increased by 10 yuan/ton, an increase of 0.98%.

From the monitoring chart of Business Society data, it can be seen that in the first half of December (12.1-12.12), the overall domestic phosphate ore market showed a slight downward trend. At the beginning of the month, the domestic phosphate ore market remained stable and consolidated, with a quiet trading atmosphere in phosphate ore yards. In some areas, the ore supply remained tight, and the downstream terminal market of phosphate ore was generally stocked, with limited support from the demand side for phosphate ore. On December 7th, some mining companies in certain regions lowered the price of phosphate ore by about 10-30 yuan/ton, reducing the overall price difference between high and low in phosphate ore yards. As of December 12th, the domestic price of 30 grade phosphate ore is around 1020-1080 yuan/ton. The specific price may vary depending on factors such as the original ore specifications and powder to block ratio, and the specific price needs to be negotiated based on actual orders.

Prediction of future market for phosphate ore

At present, the overall atmosphere of the phosphate ore market is still good, and the mentality of phosphate ore holders is normal. Some mining companies are waiting for new orders to land next year. The phosphate ore data analyst from Business Society predicts that in the short term, the phosphate ore market will mainly operate steadily with small fluctuations, and more attention needs to be paid to changes in supply and demand news.