With the development of feed and fertilizer industry, the application of new technologies and new products of zinc sulfate in the field of life nutrition is more advanced than other industries, and these new technologies and new products can be extended or replaced in other fields in the future. New technologies and new products have huge development prospects and space.
The global zinc sulfate market space will grow steadily in the future. From 2016 to 2021, the global zinc sulfate sales will be around 900,000 tons.
October 18: Zinc sulfate prices held steady. At present, manufacturers in central China said that due to the raw material sulfuric acid of zinc sulfate, the current market route of downstream compound fertilizers has stabilized, resulting in the price of zinc sulfate rising.
In terms of raw materials: [Zinc oxide] On October 18, 2022, the average market price of zinc oxide was 22,220 yuan/ton, down 100 yuan/ton or 0.45% from the price on the previous transaction day. The market price of zinc oxide fell today, the overall macro atmosphere is weak, the expectation of economic recession is strong, and the domestic epidemic worries have resurfaced, and the entire zinc price is under pressure. [Sulfuric acid] On October 18, 2022, the average market price of Baichuan Yingfu 98% acid was 269 yuan/ton, an increase of 4 yuan/ton compared with October 17, an increase of 1.51%. The sulphuric acid market remained stable, and acid prices rose in individual regions. At present, the price of sulfuric acid changes rapidly, and downstream enterprises still need time to digest the increase. It is expected that the trend of the sulfuric acid market will still show a north-south difference. The acid value in Shandong and the north is still mainly stable. In central and southern China, under the support of the tight supply of sulfuric acid, the acid price is still expected to rise, but the increase may slow down. It is expected that 98% acid will increase by 30-50 yuan/ton.
Demand: On October 18, 2022, the compound fertilizer market reference price: 3*15 sulfur base 3200-3400 yuan/ton, 3*15 chlorine base 3000-3300 yuan/ton, 45 content wheat fertilizer at 3000-3300 yuan/ton , 40 content of high phosphorus at 2700-2900 yuan / ton, the real order transactions are mostly low-end price sources. The autumn fertilizer market is basically over, and the winter storage market is slow to advance. At present, more interest-bearing advance receipts continue to be priced, and manufacturers’ winter storage pricing is mostly brewing.
Market outlook forecast: Recently, the price of raw material sulfuric acid has risen, the price of zinc oxide has fallen, and the downstream compound fertilizer market has been running weakly and steadily. It is expected that the zinc sulfate market will continue to rise in a short period of time.
Post time: Oct-31-2022