Chinese zirconium carbonate prices edge down
2023-03-31 07:42:13 [Print]
BEIJING (Asian Metal) 31 Mar 23 - Depressed by the slow purchases in China, the current mainstream prices of zirconium carbonate 40%min in China edged down by RMB500/t (USD72/t) to RMB24,000-25,000/t (USD2,224-2,267/t) EXW D/P from early last week. Given the sluggish demand, insiders predict the mainstream prices of zirconium carbonate 40%min in China would edge down further next week.
A trader in South China revealed that he bought 20t of zirconium carbonate 40%min at RMB24,000/t (USD3,486/t) EXW D/P on Wednesday from a supplier who insisted on RMB24,500/t (USD3,559/t) early last week. "I usually could purchase 20t every week in January but I only purchased once in March as most clients didn't accept the price increase in the past two months and delayed purchases, and my major supplier gave the discount of RMB500/t (USD72/t) this week to boost sales," revealed the trader on Wednesday. He predicts the mainstream prices of zirconium carbonate 40%min in China still have some room to edge down next week dragged by the dim market.
The trader, based on a regular monthly purchase amount for zirconium carbonate of about 100t, expects to buy 20t at most in March, down by 40t from last month, holding no stocks.
Another trader in South China disclosed that a supplier in North China who insisted on RMB24,500/t (USD3,559/t) EXW D/P since early last week could accept RMB24,000/t (USD3,486/t) this week discouraged by the slow downstream demand. "I last purchased 20t at RMB24,500/t (USD3,559/t) from the suppllier two weeks ago, and I prefer to place another 20t next week as I predict the mainstream prices of zirconium carbonate 40%min would slip further next week due to the cut demand in domestic and overseas market," revealed the trader on Wednesday.
With a regular monthly purchase amount for zirconium carbonate of about 60t, the trader foresees to buy 40t at most this month, down by about 20t from last month, keeping no stocks.
A trader in South China revealed that he bought 20t of zirconium carbonate 40%min at RMB24,000/t (USD3,486/t) EXW D/P on Wednesday from a supplier who insisted on RMB24,500/t (USD3,559/t) early last week. "I usually could purchase 20t every week in January but I only purchased once in March as most clients didn't accept the price increase in the past two months and delayed purchases, and my major supplier gave the discount of RMB500/t (USD72/t) this week to boost sales," revealed the trader on Wednesday. He predicts the mainstream prices of zirconium carbonate 40%min in China still have some room to edge down next week dragged by the dim market.
The trader, based on a regular monthly purchase amount for zirconium carbonate of about 100t, expects to buy 20t at most in March, down by 40t from last month, holding no stocks.
Another trader in South China disclosed that a supplier in North China who insisted on RMB24,500/t (USD3,559/t) EXW D/P since early last week could accept RMB24,000/t (USD3,486/t) this week discouraged by the slow downstream demand. "I last purchased 20t at RMB24,500/t (USD3,559/t) from the suppllier two weeks ago, and I prefer to place another 20t next week as I predict the mainstream prices of zirconium carbonate 40%min would slip further next week due to the cut demand in domestic and overseas market," revealed the trader on Wednesday.
With a regular monthly purchase amount for zirconium carbonate of about 60t, the trader foresees to buy 40t at most this month, down by about 20t from last month, keeping no stocks.
