Orient Zirconic Ind Sci & Tech to lift prices for some products

In an announcement released on the evening of 16 February 2017, Guangdong Orient Zirconic Ind Sci & Tech Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright17 million in 2015, and this price lifting will impose some impacts upon the company’s operation revenues in 2017.Asian Metal Copyright declared that, as China’s de-capacity policies have already taken effects and the zirconium industry has seen an overall improvement, and in consideration of its increasing production costs and the supply-demand status in the current market, the company decides to lift prices for some of its products in order to guarantee a smooth operation and better profit margins.

The company will lift further by RMB600/t (USD87.38/t) and RMB2,000/t (USD291/t) for zirconium oxychloride and zirconium dioxide, after the increase of RMB900/t (USD131/t) and RMB2,000/t (USD291/t) for them respectively in last October, and will lift EXW prices for compound zirconia by RMB4,000/t (USD583/t).

Sales of the above three products amounted to about RMB166 million (USD24.17 million) in 2015, and this price lifting will impose some impacts upon the company’s operation revenues in 2017.

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