China's Jan-Aug phosphate rock imports rise 11.41% YoY

China's Jan-Aug phosphate rock imports rose 11.41% YoY to 1,131.6 kt, with August at 116 kt and $95/t average, GACC data show. The import price was $72/t below the $167/t export price, signaling buyer power; Egypt supplied 59% of imports. OilChem expects September imports subdued/flat as lower fertilizer and chemical operating rates curb buying; watch sulfur prices and downstream restarts.

China's phosphate rock imports totaled 116 kt in August at an average price of $95/t, comprising 60.4 kt of unground rock and 55.6 kt of ground rock, according to data from the General Administration of Customs (GACC). Cumulative imports for January-August reached 1,131.6 kt, up 11.41% year-on-year. China Phosphate Rock