July 1, 2022

China Trace Minerals: Limited feed output curtails demand (week ended Jun 27, 2022)

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Limited hog feed production impeded the sales of trace mineral products, prompting producers to negotiate prices.


Copper sulphate export prices softened to US$2.88/kg. Transact prices were weaker in the range of RMB19-19.30/kg in China.


Export prices and local transact prices of ferrous sulphate were lower at US$0.29/kg and RMB1.94-2.40/kg respectively.


For zinc sulphate, export prices fell to US$1.23/kg while local transact prices slid in the range of RMB8-8.24/kg.


Meanwhile, zinc oxide export prices weakened to US2.95/kg, whereas local transact prices dipped to the range of RMB19-19.70/kg.


While export prices dropped to US$0.64/kg, manganese sulphate decreased to the range of RMB4.29-4.60/kg in China.


Hog feed sales will be limited due to diminished inventories. Trace mineral markets will remain soft in the near term.


Full version of the report is available at:  https://spoutinfo.com/market-forecast-detail/29/32/326/4218    


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