January 14, 2013
Pre-festive buying, rising output costs underpin China sulphate feed additives prices
Cupric sulphate
Copper futures prices firmed up of late as speculators were more confident in the commodities markets. This held copper sulphate prices firm together with stable demand.
Copper sulphate prices are expected to stay around current levels with ingredients prices stable and producers' inventories low. Moreover, feed millers are expected to stock inventories in the coming period before Chinese New Year holidays.
Zinc sulphate
As LME zinc prices moved higher lately, zinc sulphate market stayed stable despite abundant availability.
With production costs on the rise and demand poised to improve while buyers accumulate stocks before the festive holidays during February, zinc sulphate prices are seen stable.
Manganese sulphate
Pre-festive stockpiling, reduced output and higher sulphur prices lent support to manganese sulphate market during the period in review.
Manganese sulphate prices are seen firm amid limited production and stable pre-festive sales.
Ferrous sulphate
Tight supplies of titanium dioxide continued to limit the availability of ferrous sulphate, hence supporting prices to move higher.
Demand will increase with feed millers stockpiling inventories before Chinese New Year, while supplies are poised to be tight due to low output of raw ingredient. Ferrous sulphate market is therefore seen strong in the coming weeks.
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