Chinese Phosphorus Ore market rose twice in May, with a monthly increase of 6.25%

Till May 31, the average reference price of 30% grade phosphorus ore in mainstream areas of China was around 510 CNY / ton, which was increased by 30 CNY / ton, or 6.25%, compared with the price on May 1 (480 CNY / ton).

In early May, some domestic manufacturers represented by Guizhou province raised the price of phosphate rock with high-end grade after labor day holiday, with the increase range of 20-50 CNY / ton.

Then the market was stable until late May, with good overall trading and investment atmosphere, relatively stable downstream orders, normal delivery of the industry, low phosphate ore inventory, tight spot supply, and multiple favorable support. On 24, the price of phosphate rock market in Guizhou Province rose again, with an increase of 10-30 CNY / ton, at the end of may stage, The quotation of 30% grade primary and high-end phosphorous ore car plate in Guizhou is near 430-480 CNY / ton,

The raw material market as a whole is operating at a high level, the operating rate of downstream plants is decreasing, the wait-and-see sentiment is aggravating, and the procurement tends to be cautious. Therefore,in the short term, the domestic phosphorus rock price will continue to rise but slow down, and the market will mostly run at a high level.