August 30, 2013
China sulphate additives prices stay stagnant (week ended Aug 29, 2013)
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Prices were stable.
Cupric sulphate
A buoyant hog market and the rise in copper costs lent support to the cupric sulphate market in China. Nonetheless, with supplies in excess, prices remained unchanged during the period in review.
As of August 29, transaction prices of cupric sulphate stayed in the range of RMB13,600-13,950/tonne.
Demand is expected to increase in the coming period, lending support to cupric sulphate prices together with a stronger copper futures market.
Zinc sulphate
Although the domestic market remained quiet, zinc sulphate producers lifted prices while export demands improved lately.
Ex-factory price quotes for zinc sulphate in Jiangxi and Hunan were slightly higher at RMB3,900-4,000/tonne and RMB3,800-3,900/tonne respectively.
Domestic demand for zinc sulphate is exceptionally weak this year, only half of what it was during the same period last year. Even though the demand for zinc sulphate is likely to increase in the coming weeks, it will not be strong enough to push up prices prominently.
Manganese sulphate
Sales remained slow in the manganese sulphate market. Prices were mostly stable amid limited output.
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Ex-factory price quotes for manganese sulphate stayed in the range of RMB3,450-3,850/tonne.
Producers are expected to continue to limit production while the market stays weak. Prices of manganese sulphate should stay stable on tight supplies.
Ferrous sulphate
Supplies of ferrous sulphate were limited as titanium dioxide production remained low even as July's export increased substantially. Hence, prices stood stable although demand showed little improvement.
Ex-factory price quotes by major producers stayed at RMB350-450/tonne.
Meanwhile, traders concluded deals in the general market in the range of RMB750-1,000/tonne.
Prices of ferrous sulphate are poised to stay around current levels.
RMB1=US$0.1634 (Aug 30)
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