Overall trend: Off-season characteristics persist, and the pattern of variety differentiation remains unchanged. High costs and weak demand form a game, and the market as a whole is in a stalemate where "costs can't push and demand can't pull".
Zinc sulfate
Raw material end: Regional differentiation of sulfuric acid prices. Strong support from raw material costs
Supply side: Operating rate 53% (flat), but capacity utilization rate was only 44% (down 12% from the previous month), market supply tightened substantially
Demand: The feed industry purchases on demand during the off-season; Fertilizers are supported only by groups and specialty fertilizer manufacturers; During the off-season for export demand, ocean freight rates on the South American route dropped by 10% to 17% compared to last week, but were still 125% to 240% higher than the stable period, showing no boost in export enthusiasm
Macro factors: Lower-than-expected U.S. jobs data and easing interest rate hike expectations boost market sentiment; There is no improvement in the shortage of zinc concentrate, and the net price of zinc is expected to rise to around 24,250 yuan per ton
. Price forecast: Although the net price of zinc is expected to rise, the cost transmission to the terminal is hindered under the constraints of the off-season consumption and high ocean freight rates, and the price is expected to remain stable. It is recommended to purchase on demand
Suggestion: Purchase on demand based on your own inventory.
Manganese sulfate
Raw material side: ① Manganese ore prices remain stable; ② Sulfuric acid rose again this week, providing strong support from the raw material side
Supply side: Operating rate 94% (flat), capacity utilization rate 71% (flat), at full capacity, orders booked until early September, supply remains tight
Demand side: Feed industry purchases as needed during the off-season. Fertilizers are only purchased by the group and specialty fertilizer manufacturers; Export demand remains strong, providing the core driving force for overall demand
Macro factors: No obvious direct impact, strong exports are associated with demand from overseas markets
Price forecast: Orders are saturated, exports are booming, and with raw material support, quotations are firm and supply remains tight. It is recommended to communicate production scheduling plans in advance and place orders at off-peak times to ensure delivery dates
Ferrous sulfate
Raw material side: Prices of ferrous heptahydrate raw materials have declined in some regions, weakening cost support
Supply side: The situation of both supply and demand being weak remains unchanged. The inventory pressure of manufacturers has not eased. After the quotations of manufacturers stopped falling this week, wait and see the purchasing sentiment in the market.
Demand side: Downstream purchases on demand, no significant increase in demand.
Macro factors: No direct macro impact.
Price forecast: It is recommended to purchase on demand
Copper sulfate/basic copper chloride
Raw material end: Tight supply of etching solution, more flowing to intermediate products such as sponge copper, the share used for copper sulfate is narrowing.
Supply side: Operating rate 100% (flat), capacity utilization rate 42% (flat), greater flexibility
Factors: ① At the beginning of this week, Fed's Harmack said inflation remained high and a rate hike was possible, with the probability of a rate hike in September rising to 80%, copper prices fell back in the first half of the week; ② In the second half of the week, U.S. ADP and non-farm payroll data were lower than expected, and expectations of rate hikes eased, causing copper prices to rebound; ③ The national mainstream copper inventory was 199,900 tons (-0.61 tons from the previous week and + 68,100 tons from the same period last year), and supply remained loose
1) Current price trend
3) Outlook for future trends:
Price forecast: The lower core range is expected to be 103,000-104,000 yuan per ton. The price of copper sulfate is likely to fluctuate with the net price of copper. The actual increase will be judged in combination with the supply of raw materials, the comprehensive cost of manufacturers and the purchasing intention of downstream. It is recommended to purchase flexibly at the right time
Suggestion: Purchase flexibly based on production rhythm and inventory.
2) Copper price trend over the past five years (2021-2026) : Summary of the five-year trend: Upward - pullback - sideways - breakout again - High consolidation. It is currently at its highest point in nearly five years.
Magnesium sulfate/magnesium oxide
In terms of raw materials: The price of magnesium oxide has been stable recently. The crackdown on environmental protection has been slightly reduced, and the price of magnesium oxide may loosen as some small factories resume production. Sulfur prices have continued to rise, sulfuric acid prices have remained high, magnesium sulfate has been consolidating at a high level, and magnesium monohydrate has risen steadily. The peak season for aquaculture has bottomed out, raw material and energy costs are high, the short-term market is strong and volatile, and it is more likely to rise than fall in the future market. It is recommended to replenish stocks in batches as needed.
Calcium iodate
The iodine market is at a high level but weak. The raw material refined iodine is firm, providing cost support. Manufacturers operate smoothly and have sufficient supply. Downstream feed is only replenished with small orders of essential demand, trading is light, short-term prices are slightly weak. Replenish as needed.
Sodium selenite
Crude selenium fluctuates at a low level, with abundant supply of by-products from smelting and light trading; Selenium dioxide is weak along with raw materials. Feed-grade sodium selenite stabilizes prices based on the strong demand from aquaculture, with upstream costs as a support. The overall market is on the watch, and the short-term trend of a narrow range of weak stability continues. Buy on demand.
Cobalt chloride
Cobalt chloride, cobalt oxide, lithium cobalt oxide synchronous oscillation consolidation. Cobalt chloride stopped falling and tried to raise prices, but trading was sluggish; Cobalt tetroxide is consolidating with weak demand; Lithium cobalt oxide came under pressure, lithium carbonate's rise did not drive quotations, and the overall price remained stable. Buy on demand.
Potassium chloride/potassium carbonate/calcium formate/iodide
1. Potassium chloride: The market for potassium chloride is basically stable and the stock in ports is increasing. There is no significant improvement in demand, but there is an increase in inquiry intentions. With a large amount of arrivals, the price is under pressure and the price drop is not obvious for the time being. With weak demand and the loosening of potassium chloride, potassium sulfate has remained stable between cost and market for the time being and is replenished as needed.
2.Formic acid prices are rising, upstream manufacturers are repairing and controlling shipments, and inventories are cleared. Feed-grade calcium formate remained firm, with insufficient spot inventory in the market. Manufacturers held back prices, and short-term prices rose slightly. It is recommended to stock up carefully based on demand.
3. Iodide prices remained stable this week compared to last week.
Conclusion for Feed Additive Buyers
Final outlook: The off‑season environment continues to cap demand, while raw material costs and export dynamics create pockets of strength (notably manganese sulfate). We recommend monitoring zinc net prices, copper volatility, and freight rates closely. For all items, align procurement with your production schedules and inventory levels to mitigate risk.
For more real‑time updates and tailored procurement advice, stay tuned to our news section or contact our sales team.
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Post time: Jul-08-2026
