Chinese zirconium oxychloride demand shrinks
2023-04-13 08:09:31 [Print]
BEIJING (Asian Metal) 13 Apr 23 - Upon the lower consumption, the Chinese zirconium oxychloride markets sees decreasing demand in the past several weeks, and the current mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China softly stand at RMB17,300-17,800/t (USD2,510-2,583/t) EXW D/P, unchanged from early last week. Insiders foresee the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip next week dragged by the sluggish demand.
"I usually consume 500t a month but predict to consume 300t in April due to the sluggish demand of zirconium carbonate," revealed a consumer in South China on Wednesday. He added that he usually purchases a whole month consumption amount every time but he only purchased 100t on Wednesday at RMB17,500/t (USD2,540/t) delivered D/A 180 days with the logistic of RMB200/t (USD29/t), in line with the supplier's price early last week, and he believes the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip next week dragged by the sluggish demand.
The consumer, based on an annual consumption capacity of 6,000t of oxychloride 36%min, predicts to use around 300t in April, down by around 200t from last month, keeping around 300t in stock.
Another consumer in South China revealed that he usually purchases 100t of zirconium oxychloride 36%min Fe5-8ppm every week but he didn't purchase in the past two weeks after he last purchased 100t at RMB18,000/t (USD2,612/t) delivered D/A 180 days in late March. "The current offer of zirconium oxychloride 36%min Fe 5-8ppm stands at RMB17,600/t (USD2,554/t) delivered D/A 180 days covered the logistic of RMB200/t (USD29/t) with no discount, in line with the supplier's price early last week, while I didn't have plan to buy," revealed the consumer on Wednesday. He added that his consumption in April would halve against March as the order of his ending products cut in April MoM, and he foresees the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip next week upon the waned demand.
Based on an annual consumption capacity of 3,000t of oxychloride 36%min, the consumer predicts to use around 100t in April, down by around 100t from last month, holding around 100t in stock.
"I usually consume 500t a month but predict to consume 300t in April due to the sluggish demand of zirconium carbonate," revealed a consumer in South China on Wednesday. He added that he usually purchases a whole month consumption amount every time but he only purchased 100t on Wednesday at RMB17,500/t (USD2,540/t) delivered D/A 180 days with the logistic of RMB200/t (USD29/t), in line with the supplier's price early last week, and he believes the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip next week dragged by the sluggish demand.
The consumer, based on an annual consumption capacity of 6,000t of oxychloride 36%min, predicts to use around 300t in April, down by around 200t from last month, keeping around 300t in stock.
Another consumer in South China revealed that he usually purchases 100t of zirconium oxychloride 36%min Fe5-8ppm every week but he didn't purchase in the past two weeks after he last purchased 100t at RMB18,000/t (USD2,612/t) delivered D/A 180 days in late March. "The current offer of zirconium oxychloride 36%min Fe 5-8ppm stands at RMB17,600/t (USD2,554/t) delivered D/A 180 days covered the logistic of RMB200/t (USD29/t) with no discount, in line with the supplier's price early last week, while I didn't have plan to buy," revealed the consumer on Wednesday. He added that his consumption in April would halve against March as the order of his ending products cut in April MoM, and he foresees the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip next week upon the waned demand.
Based on an annual consumption capacity of 3,000t of oxychloride 36%min, the consumer predicts to use around 100t in April, down by around 100t from last month, holding around 100t in stock.
