The surge in chemical prices has stimulated demand for phosphate rock, with multiple listed companies holding "rich mines."

Benefiting from the surge in chemical prices, phosphate rock prices continue to operate at high levels. According to Baichuan Yingfu data, on November 11, the domestic market average price for 30% grade phosphate rock was 1,017 yuan/ton, for 28% grade phosphate rock was 945 yuan/ton, and for 25% grade phosphate rock was 758 yuan/ton. An executive from a listed phosphate chemical company told reporters that due to multiple factors such as tightening environmental policies, steady growth in new energy demand, and slow implementation of new production capacity, the tight supply-demand balance in the phosphate rock market is still difficult to break in the short term, and prices are expected to continue to remain high. Currently, companies like YTH, Xingfa Chem, and Chuanheng Co., Ltd. hold abundant phosphate resources and are expected to demonstrate strong competitiveness in the market due to their resource advantages. (Shanghai Securities Journal)