March 8, 2023
China Calcium Phosphate: Prices stable to lower (week ended Mar 6, 2023)
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Slow poultry feed demand curtailed the sales of calcium phosphate. Producers held prices of calcium phosphate low in a bid to stimulate sales.
Export prices of high-grade calcium phosphate were stable at US$0.45/kg while prices of second-tier products stayed at US$0.44/kg. Monocalcium phosphate export prices remained at US$0.62/kg.
Locally, prices of higher-grade calcium phosphate weakened to the range of RMB3.04-3.15/kg. Lower grade products prices decreased to RMB2.97/kg.
Meanwhile, monocalcium phosphate transact prices softened to RMB4.21/kg.
Weak sales of poultry feed will put a lid on calcium phosphate market. Calcium phosphate producers will attempt to hold prices firm in efforts to sustain profit margins.
Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/327/4688
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