Phosphorus ore prices are still high

A recent study released by Industrial Securities shows that phosphate rock prices are still high this month. On the one hand, domestic prices have risen steadily; on the other hand, foreign import prices have increased significantly.

On the domestic front, phosphate and ore production areas such as Guizhou and Hubei have a low supply rate and poor transportation, and the supply is small. The regional price has been steadily rising. Currently, the tax price of 30% grade phosphate ore in the above-mentioned areas is 430~ 450 yuan / ton. Internationally, the import price of phosphate rock has increased significantly. In India, for example, at the beginning of this month, the low-end phosphate rock ore price in India surged by 18.8% to US$190/t. It is reported that the strong demand for phosphate fertilizer and compound fertilizer is the main reason.