Chinese zirconium oxychloride prices softening
2023-04-27 08:28:08 [Print]
BEIJING (Asian Metal) 27 Apr 23 - Upon the firm offers from major suppliers, the current mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China hover at RMB17,000-17,500/t (USD2,457-2,529/t) EXW D/P, unchanged from early last week, while some buyers could access slightly lower prices from small-sized plants this week. Insiders predict the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would slip next week.
A consumer in South China revealed that the current offer for zirconium oxychloride 36%min Fe5-8ppm at RMB17,300/t (USD2,500/t) delivered D/P covered the logistic of RMB300/t (USD43/t) with no discount, in line with the supplier's price early last week, and he purchased 100t at the price on Wednesday. "As major suppliers claimed to cut or stop production in early May, most suppliers hold price firm this week," revealed the consumer on Wednesday. He added that their consumption in April would shrink by 30% against March and he only purchases from hand to mouth, and he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would go soft next week.
The consumer, based on an annual consumption capacity of 5,000t of zirconium oxychloride 36%min, predicts to use around 300t in April, down by around 100t MoM, keeping around 200t in stock.
Another consumer in South China revealed the current prices of zirconium oxychloride 36%min Fe5-8ppm stand at RMB17,300-17,500/t (USD2,300-2,529/t) delivered D/P with the transport of RMB200/t (USD29/t), in line with their prices early last week, and he finally purchased 100t at RMB16,700/t (USD2,413/t) from a small sized plant with regular monthly output around 300t on Wednesday. "Most major producers hold prices firm as they will cut output in May, but my consumption in April at least halved upon the fewer orders of my ending products," revealed the consumer on Wednesday. Given the sluggish demand and lower prices from small sized plant, he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would soften next week.
Owing an annual consumption capacity of 3,500t of zirconium oxychloride 36%min, the consumer predicts to use around 100t in April, down by around 100t MoM, holding around 100t in stock.
A consumer in South China revealed that the current offer for zirconium oxychloride 36%min Fe5-8ppm at RMB17,300/t (USD2,500/t) delivered D/P covered the logistic of RMB300/t (USD43/t) with no discount, in line with the supplier's price early last week, and he purchased 100t at the price on Wednesday. "As major suppliers claimed to cut or stop production in early May, most suppliers hold price firm this week," revealed the consumer on Wednesday. He added that their consumption in April would shrink by 30% against March and he only purchases from hand to mouth, and he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would go soft next week.
The consumer, based on an annual consumption capacity of 5,000t of zirconium oxychloride 36%min, predicts to use around 300t in April, down by around 100t MoM, keeping around 200t in stock.
Another consumer in South China revealed the current prices of zirconium oxychloride 36%min Fe5-8ppm stand at RMB17,300-17,500/t (USD2,300-2,529/t) delivered D/P with the transport of RMB200/t (USD29/t), in line with their prices early last week, and he finally purchased 100t at RMB16,700/t (USD2,413/t) from a small sized plant with regular monthly output around 300t on Wednesday. "Most major producers hold prices firm as they will cut output in May, but my consumption in April at least halved upon the fewer orders of my ending products," revealed the consumer on Wednesday. Given the sluggish demand and lower prices from small sized plant, he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China would soften next week.
Owing an annual consumption capacity of 3,500t of zirconium oxychloride 36%min, the consumer predicts to use around 100t in April, down by around 100t MoM, holding around 100t in stock.
