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November 10, 2008

 

China's calcium phosphate prices fall at a slower rate

 

An eFeedLink Exclusive

 

 

Prices were lower in most regions.

 

Transacted prices of calcium phosphate in China

Region

Prices as of Oct 24

Prices as of Nov 7

Price Changes (RMB/kg)

 (RMB/kg)

 (RMB/kg)

Yunnan

1,600-1,800

1,450-1,550

-250

Sichuan

1,700-1,900

1,600-1,700

-200 to -100

Beijing

2,300-2,500

1,900-2,000

-500 to -400

Heilongjing

2,500-2,700

2,200-2,300

-400 to -300

Shanghai

2,250-2,500

1,900-2,000

-500 to -350

Shanxi

2,200-2,400

1,850-1,950

-450  to -350

Guangzhou

2,000-2,100

1,850-1,950

-150

Prices are representative and for reference only.
RMB1=US$0.1465 (Nov 10)

 

Prices of calcium phosphate declined at a slower rate as trading activities improved over the past two weeks. However, buyers were still very cautious with their procurements.

 

Meanwhile, prices of raw material sulphuric acid had stabilised.

 

For the remaining days of November, prices are likely to remain stable as feed millers replenish their stocks. Nevertheless, a price rebound in the near-to-middle term is unlikely amid sluggish feed demand.
 
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