Shanghai Market Price of Chemical Products during March 2004


Product                                 Speci.                             Price (RMB/t)
                                                                Top   Bottom    Avg.    Avg. of
                                                                                        Mar-03
Inorganic chemicals
Ammonium Chloride                       99%                     1600    1050    1385.3  1347.5
Baking Soda                             Food grade              1600    1200    1348.0  1230.8
Barium Carbonate                        99%                     2800    1650    2012.3  1841.5
Barium Chloride                         A grade                 2300    2000    2150.3  2250.0
Borax (Sodium Borate)                   95%                     3150    2800    2969.0  2322.8
Boric Acid                              99.5%                   5500    4500    4945.0  4526.8
Calcium Carbonate                       light                   580     580     580.0   650.0
Caustic Soda                            99%, flake              2500    1750    2291.8  2350.5
Hydrochloric acid                       31%                     700     480     595.3   537.3
Hydrofluoric Acid                       40%                     4000    3000    3541.8  3008.3
Hydrogen Peroxide                       27.5%                   1700    1150    1389.8  1318.3
Iodine, purified                        99.9%                   143000  143000  143000  143000.0
Lithopone                               B301                    3600    3000    3181.5  3110.3
Magnesium Carbonate                     light,A grade           3500    3500    3500.0  3600.0
Nitric acid                             98%                     1700    1700    1700.0  1710.3
Potassium Chloride                      98%                     2100    1200    1845.5  2037.5
Potassium Dichromate                    99.5%                   10800   9000    9787.5  8800.0
Potassium Iodide                        99.9%                  &nbs