July 22, 2005

Prices of China's feed additives mostly weak
 

Prices of China's feed additives were mostly weak in recent days.  However, the price of cupric sulfate temporarily remained high, supported by high future and spot prices of copper.

Transacted prices in China's market for cupric sulfate ranged between RMB8,900/tonne and RMB9,200/tonne in recent days, unchanged from the previous week.  Transacted prices for ferrous sulfate registered between RMB700/tonne and RMB850/tonne, a marginal fall compared with the previous week.  Transacted prices for zinc sulphate registered between RMB3,900/tonne and RMB4,100/tonne. Meanwhile, transacted prices for manganese sulphate ranged between RMB3,600/tonne and RMB3,800/tonne, about RMB100/tonne less than the previous week.

Analysts expected prices of feed additives to be generally weak in the near term.  However, prices of different feed additives might vary.