November 4, 2011
China demand for sulphate additives stays slack
An eFeedLink Exclusive
Prices were mostly soft.
|
Transacted prices of sulphate feed additives in China | |||
|
Variety |
Prices as of Oct 20 |
Prices as of Oct 31 |
Price change |
|
Cupric sulphate |
15,500-16,000 |
16,100-1,6400 |
+600 to +400 |
|
Ferrous sulphate |
700-1,000 |
700-1,000 |
0 |
|
Zinc sulphate |
4,800-5,100 |
4,700-5,000 |
-100 to 0 |
|
Manganese sulphate |
3,600-3,800 |
3,600-3,800 |
0 |
|
Prices are representative and for reference only. | |||
Cupric sulphate
Tight supplies of cupric sulphate supported prices to increase although feed demand stayed soft.
Transacted prices by local producers were around RMB16,200/tonne ex-factory, while deals concluded in the general market slid to RMB16,600-16,700/tonne.
As hog inventories increased at a slow rate, cupric sulphate prices are unlikely to rise prominently after the recent hikes.
Zinc sulphate
Zinc sulphate market was weak as zinc futures prices were under pressure.
Transacted prices by major producers remained at RMB4,800-5,100/tonne ex-factory. In the general market, traders concluded deals in the range of RMB5,200-5,400/tonne.
China's zinc sulphate prices are seen soft in the coming period.
Manganese sulphate
Manganese ore prices were flat amid abundant port inventories, putting a lid on production costs and hence prices of manganese sulphate.
Transacted prices of humidified manganese sulphate by major producers in were between RMB3,600/tonne and RMB3,700/tonne ex-factory. General market prices slid to RMB3,700-4,000/tonne.
Slow feed demand will limit the sales of manganese sulphate.
Ferrous sulphate
Ample supplies of raw ingredients, in conjunction with slack trace mineral demand, limited the upward potential of ferrous sulphate market.
Ex-factory price quotes by a major producer in Sichuan were flat at RMB500-550/tonne while traders concluded deals in the general market at RMB700/tonne.
Ferrous sulphate market is poised to remain weak as supplies exceed demand.
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