Supply and demand scarcity drives regional differentiation in the phosphorus mining industry, with prices of high-grade phosphorus ore continuously on the rise.

Due to the maintenance of the Three Gorges Dam, delivery of goods from mines in Sichuan region has been blocked, causing passive accumulation of inventory at ports. However, downstream phosphate fertilizer and phosphate chemical enterprises have generally low raw material inventory levels. The rigid replenishment demand supports price resilience, with some enterprises planning to adjust prices upwards at opportune times. The mainstream transaction price remains stable within the previous range. Prices of southern phosphate rock continue to remain strong, while prices of northern phosphate fine powder continue to rise, with an increase of 10-20 yuan/ton. The main reasons are the tight supply and low downstream inventory levels, leading to regional supply shortages and boosting market sentiment. The short-term supply and demand balance remains stable, with upward momentum still present.