Chinese zirconium oxychloride prices slide
2023-04-19 08:31:21 [Print]
BEIJING (Asian Metal) 19 Apr 23 - Dragged by the shrinking demand, the current mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China edged down by RMB300/t (USD43/t) to RMB17,000-17,500/t (USD2,484-2,557/t) EXW D/P from early last week. Given the sluggish demand and the sufficient supply, insiders predict the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would go down further next week.
A producer in North China revealed that he sold 100t of zirconium oxychloride 36%min Fe5-8ppm at RMB17,500/t (USD2,557/t) delivered D/P with the logistic of RMB200/t (USD29/t) this week, down by RMB300/t (USD43/t) from his price early last week. "My stock doubled in April against late March dragged by the shrinking demand, and about half of clients paused purchases and others quartered their regular purchase amounts," claimed the producer on Tuesday. Given the sufficient supply and shrinking demand, he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would go down further next week and he will stop production at the end of this month.
The producer, based on an annual production capacity of 13,000t of oxychloride 36%min, predicts to output around 800t in April, almost unchanged from last month, keeping around 1,500t in stock.
Another producer in North China revealed that his current offer for zirconium oxychloride 36%min Fe5-8ppm stands at RMB17,500/t (USD2,557/t) delivered D/P covering the transport about RMB200/t (USD29/t), and he could accept RMB17,300/t (USD2,528/t) for firm bids, while he sold 100t at RMB17,500/t (USD2,557/t) early last week. "No matter what price we offered, clients don't have plan to purchase now upon their enough stocks and curtailed orders of their ending products," revealed the producer on Tuesday. He foresees the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip further upon the oversupply.
With an annual production capacity of 22,000t of oxychloride 36%min, the producer predicts to produce around 1,500t in April, unchanged from last month, holding around 3,000t in stock.
A producer in North China revealed that he sold 100t of zirconium oxychloride 36%min Fe5-8ppm at RMB17,500/t (USD2,557/t) delivered D/P with the logistic of RMB200/t (USD29/t) this week, down by RMB300/t (USD43/t) from his price early last week. "My stock doubled in April against late March dragged by the shrinking demand, and about half of clients paused purchases and others quartered their regular purchase amounts," claimed the producer on Tuesday. Given the sufficient supply and shrinking demand, he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would go down further next week and he will stop production at the end of this month.
The producer, based on an annual production capacity of 13,000t of oxychloride 36%min, predicts to output around 800t in April, almost unchanged from last month, keeping around 1,500t in stock.
Another producer in North China revealed that his current offer for zirconium oxychloride 36%min Fe5-8ppm stands at RMB17,500/t (USD2,557/t) delivered D/P covering the transport about RMB200/t (USD29/t), and he could accept RMB17,300/t (USD2,528/t) for firm bids, while he sold 100t at RMB17,500/t (USD2,557/t) early last week. "No matter what price we offered, clients don't have plan to purchase now upon their enough stocks and curtailed orders of their ending products," revealed the producer on Tuesday. He foresees the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip further upon the oversupply.
With an annual production capacity of 22,000t of oxychloride 36%min, the producer predicts to produce around 1,500t in April, unchanged from last month, holding around 3,000t in stock.
