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November 10, 2008

 

Slack demand drags down sulphate feed additive prices
 

An eFeedLink Exclusive

 

 

Prices were substantially lower.

Transacted prices of sulphate feed additives in China

Variety

Price as of Oct 24

Price as of Nov 7

Price Change

(RMB/tonne)

(RMB/tonne)

(RMB/tonne)

Cupric sulphate

13,000-14,500

10,500-12,500

-2,500 to -2,000

Ferrous sulphate

1,200-1,600

1,000-1,300

-300 to -200 

Zinc sulphate

5,200-5,500

4,300-5,000

-900 to -500

Manganese sulphate

5,400-5,800

4,300-4,800

-1,100  to -1,000

Prices are representative and for reference only.
RMB1=US$0.1465 (Nov10)

 

 

Cupric sulphate

 

Prices moved lower amid weak demand and falling costs of raw materials.     

 

Transacted prices by local producers were in the range of RMB9,500-11,000/tonne ex-factory, while deals concluded in the general market were between RMB10,500/tonne and RMB12,500/tonne.

 

Cupric sulphate prices are expected to stay weak as demand is unlikely to grow significantly.

 
 

Zinc sulphate

 

Zinc sulphate prices plunged amid poor domestic and export demand.

 

Transacted prices by producers were in the range of RMB3,400-4,200/tonne ex-factory. In the general market, prices were between RMB4,300/tonne and RMB5,000/tonne.

 

Near-term prices are expected to remain weak with demand.

 
 

Manganese sulphate

       

Manganese prices stabilized but sulphuric acid prices plunged amid poor demand.

 

Transacted prices of humidified manganese sulphate by local producers were in the range of RMB3,500-3,800/tonne ex-factory. General market prices were between RMB4,300/tonne and RMB4,800/tonne.

 

Near-term prices of manganese sulphate are likely to remain weak as suppliers face inventory pressure.

            
 

Ferrous sulphate

 

Ferrous sulphate prices dived amid sluggish demand and high supply inventory pressure.

 

Transacted prices by producers registered RMB600-700/tonne ex-factory, while traders concluded deals in the general market between RMB1000/tonne and RMB1300/tonne.

 

In the near term, prices are seen to fall as supply exceeds demand.
 
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