September 5, 2023

China Trace Minerals: Production costs increase (week ended Sep 4, 2023)

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Producers of trace mineral products held prices stable in the domestic market. However,  export prices moved lower as renminbi depreciated.


Copper sulphate export prices were at US$2.65/kg. Transact prices consolidated in the range of RMB18.50-19.20/kg in China.


Export prices and of ferrous sulphate rose to US$0.27/kg and transact prices   were stable to lower to the range of RMB1.85-1.96/kg.


For zinc sulphate, export prices were stable at US$1.05/kg while local transact prices were in the range of RMB6.50-7.61/kg.


Meanwhile, zinc oxide export prices stayed flat at US2.73/kg, whereas local transact prices strengthened to the range of RMB19.70-19.80/kg.


While export prices move increased to US$0.55/kg, manganese sulphate were in the range of RMB3.20-3.92/kg in China.


Prices of trace minerals are likely to move higher as the costs of production increase with sulphuric acid costs increased.



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