Wintrue Holding: The price of phosphate rock is expected to remain strong

On September 16th, Wintrue Holding stated in an institutional research that, considering the current supply and demand situation, the price of phosphate rock is expected to remain strong. On the supply side, most of the new domestic phosphate rock production capacity is still under construction, and the short-term release of phosphate rock is limited, resulting in a tight overall supply, especially as high-grade phosphate resources are relatively scarce, providing strong support for phosphate rock prices. On the demand side, phosphate rock is widely used in agricultural fields such as phosphate fertilizers and compound fertilizers, with demand maintaining rigid growth driven by food security strategies. At the same time, in recent years, the rapid development of the new energy industry has driven the continuous growth of demand for phosphate rock in new energy materials, further supporting the price of phosphate rock