# SunSirs: Supply Was Tight, and the Phosphate Rock Market Was Running up in October

> SunSirs reports that China's 30-grade phosphate rock price rose to about 1,008 RMB per ton on October 26, up 3.92% from early October. Spot supply of medium and high grade ore is tight in some regions. Downstream demand is steady but slowed by the winter storage season.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/33973-sunsirs-supply-was-tight-and-the-phosphate-rock-market-was-running-up-in-october
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Tight Chinese rock supply supports phosphate raw material costs and limits export availability, which underpins prices for downstream phosphates. Slower winter demand could cap further gains.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-15297.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.