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November 24, 2008

 

China's calcium phosphate prices recover amid better replenishments

 

An eFeedLink Exclusive

 

 

Prices were higher in most regions.

 

Transacted prices of calcium phosphate in China

Region

Prices as of Nov 7
(RMB/kg)

Prices as of Nov 21
(RMB/kg)

Price change
(RMB/kg)

Yunnan

1,450-1,550

1,630-1,680

+130 to +180

Sichuan

1,600-1,700

1,900-2,000

+300 

Beijing

1,900-2,000

2,000-2,100

+100 

Heilongjing

2,200-2,300

2,300-2,400

+100

Shanghai

1,900-2,000

2,100-2,200

+200 

Shanxi

1,850-1,950

1,950-2,000

+50  to +100

Guangzhou

1,850-1,950

1,950-2,000

+50  to +100

Prices are representative and for reference only.
RMB1=US$0.1464 (Nov 24)

 

Calcium phosphate prices recovered after having reached their lowest levels as buyers started to make purchases during the first half of November. Moreover, export demand increased after the government announced to lower export duties starting December 1.

Meanwhile, raw materials of calcium phosphate went up, prompting producers to raise their prices to maintain profits.

Feed millers are expected to continue with their buying activities until early December. Calcium phosphate prices are seen to move up in the near term.

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

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