March 22, 2024
China Calcium Phosphate: Higher costs lift prices (week ended Mar 18, 2024)
An eFeedLink Exclusive
Demand for calcium phosphate was stable as feed producers restocked depleting inventories. As sulphury acid costs moved higher, calcium phosphate producers lifted prices to sustain profit margins.
Export prices of high-grade calcium phosphate were higher at US$0.40/kg while prices of second-tier products increased to US$0.39/kg. Monocalcium phosphate export prices strengthened US$0.58/kg.
Locally, prices of higher-grade calcium phosphate were climbed to the range of RMB2.84-2.87/kg. Lower grade products prices rose to RMB2.80/kg.
Meanwhile, monocalcium phosphate transact prices climbed to RMB4.16/kg.
Calcium phosphate producers will stand firm on prices amid rising output costs. Nonetheless, with feed producers staying cautious, the upward scope of the market will be limited.
Full version of the report is available at: https://spoutinfo.com/market-forecast-detail/29/32/326/5213
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
