Australian zircon sand demand in China shrinks
2023-04-11 08:34:41 [Print]
BEIJING (Asian Metal) 11 Apr 23 - Discouraged by the sluggish demand but supported by the high import cost, the current mainstream prices of Australian zircon sand 66%min in China hover at RMB17,000-17,500/t (USD2,467-2,540/t) EXW D/P, unchanged from early last week. Given the waned demand, insiders predict the mainstream prices of Australian zircon sand 66%min in China would edge down next week.
A consumer in South China revealed that his consumption of Australian zircon sand 66%min in April would cut by one third at least against March dragged by the cut orders of his ending products. "I bought 100t of Iluka zircon sand 66%min Fe 0.08%max Ti 0.12%max at RMB17,800/t (USD2,583/t) delivered D/A 180 days with the logistic of RMB100/t (USD14/t) on Monday, in line with the supplier's price early last week. He added that both his two suppliers hold prices stable this week upon the increased import cost of zircon sand 66%min from Iluka in Q2 against Q1, but he foresees the mainstream prices of Iluka zircon sand 66%min in China would show downward trend next week dragged by the shrinking demand in China.
With an annual consumption capacity of 5,000t of Australian-origin zircon sand 66%min, the consumer expects to consume about 200t in April, down by around 100t from last month, keeping around 200t in stock.
Another consumer in North China revealed that his consumption of zircon sand 66%min would decrease 20-30% in April against March dragged by the curtailed demand of his products. "The current offer for Australian zircon sand 66%min from a trader stands at RMB17,500/t (USD2,540/t) EXW D/P with the discount of RMB200/t (USD29/t) at most for firm bids, in line with the seller's price early last week supported by the higher import cost in April, while I still have enough stock for at least two months and have no plan to purchase," revealed the consumer on Monday. He added that he last purchased 150t at RMB17,000/t (USD2,467/t) delivered D/A 180 days covered the logistic of RMB100/t (USD14/t) in early March, and he predicts the mainstream prices of Australian zircon sand 66%min in China would go soft next week dragged by the decreased demand in China.
The consumer, based on an annual consumption capacity of 4,000t of Australian zircon sand 66%min, foresees to consume about 100t in April, a decrease of around 100t from last month, holding around 200t in stock.
A consumer in South China revealed that his consumption of Australian zircon sand 66%min in April would cut by one third at least against March dragged by the cut orders of his ending products. "I bought 100t of Iluka zircon sand 66%min Fe 0.08%max Ti 0.12%max at RMB17,800/t (USD2,583/t) delivered D/A 180 days with the logistic of RMB100/t (USD14/t) on Monday, in line with the supplier's price early last week. He added that both his two suppliers hold prices stable this week upon the increased import cost of zircon sand 66%min from Iluka in Q2 against Q1, but he foresees the mainstream prices of Iluka zircon sand 66%min in China would show downward trend next week dragged by the shrinking demand in China.
With an annual consumption capacity of 5,000t of Australian-origin zircon sand 66%min, the consumer expects to consume about 200t in April, down by around 100t from last month, keeping around 200t in stock.
Another consumer in North China revealed that his consumption of zircon sand 66%min would decrease 20-30% in April against March dragged by the curtailed demand of his products. "The current offer for Australian zircon sand 66%min from a trader stands at RMB17,500/t (USD2,540/t) EXW D/P with the discount of RMB200/t (USD29/t) at most for firm bids, in line with the seller's price early last week supported by the higher import cost in April, while I still have enough stock for at least two months and have no plan to purchase," revealed the consumer on Monday. He added that he last purchased 150t at RMB17,000/t (USD2,467/t) delivered D/A 180 days covered the logistic of RMB100/t (USD14/t) in early March, and he predicts the mainstream prices of Australian zircon sand 66%min in China would go soft next week dragged by the decreased demand in China.
The consumer, based on an annual consumption capacity of 4,000t of Australian zircon sand 66%min, foresees to consume about 100t in April, a decrease of around 100t from last month, holding around 200t in stock.
