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Chinese mercury catalyst prices down

2019-04-03 15:29:28  【Print】
BEIJING (Asian Metal) 3 Apr 19 - Affected by VAT rate reduction, mainstream transaction prices for Chinese mercury catalyst stand in a range of RMB49,500-50,500/t (USD7,380-7,529/t) delivered D/A 30 days now, down by RMB1,000/t (USD149/t) from last week.Asian Metal Copyright We want to force prices down further as we make the purchase in a large scale.Asian Metal Copyright Downstream consumer only purchased from hand to mouth, leading to limited transactions, so Chinese mercury catalyst prices are expected to edge down further in the coming week.

A producer in Guizhou explained their price for mercury catalyst decreased by RMB1,000/t (USD149/t) from last week to RMB50,000/t (USD7,454/t) delivered D/A 30 days this week. Downstream consumers purchased from hand to mouth, and they closed no deals this week. They last sold 20t of the material at RMB51,000/t (USD7,603/t) in late March.Asian Metal Copyright Downstream market did not see more orders and consumers still purchased from hand to mouth, so he expects mercury catalyst prices would drop by RMB1,000t USD149t in the coming week.Asian Metal Copyright The source noted, "Our purchasing prices of raw material are mainly on the basis of Ex-VAT, we reduce prices due to VAT rate dropping by 3% to 13%." However, consumers continue to force prices down as they believe current prices are still high, so mercury catalyst prices are expected to drop by RMB500/t (USD74.54/t) in the coming week.

With an annual capacity of 9,600t for mercury catalyst, the company produced 800t in March, and expects to produce the same volume in April, holding about 600t of stocks now.

A consumer in Shaanxi noted that they were offered RMB50,500/t (USD7,529/t) delivered D/A 30 days for mercury catalyst this week, down by RMB500/t (USD74.54/t) from enquiries of last week. They aim to purchase 400t of the material at RMB48,000/t (USD7,156/t) next week, and are in negotiation now.Asian Metal Copyright With an annual consumption capacity of 1,800t for mercury catalyst, the company expects to use 120t in April, unchanged from last month, holding about 60t of stocks now.Asian Metal Copyright The source noted, "Suppliers reduced prices mainly owing to the VAT rate reduction.Asian Metal Copyright With an annual consumption capacity of 1,800t for mercury catalyst, the company expects to use 120t in April, unchanged from last month, holding about 60t of stocks now.Asian Metal Copyright We want to force prices down further as we make the purchase in a large scale." They purchase every two or three months, and last purchased 400t at RMB50,000/t (USD7,454/t) in late February. Downstream market did not see more orders and consumers still purchased from hand to mouth, so he expects mercury catalyst prices would drop by RMB1,000/t (USD149/t) in the coming week.

With an annual consumption capacity of 1,800t for mercury catalyst, the company expects to use 120t in April, unchanged from last month, holding about 60t of stocks now.

.Asian Metal Copyright A producer in Guizhou explained their price for mercury catalyst decreased by RMB1,000t USD149t from last week to RMB50,000t USD7,454t delivered DA 30 days this week.Asian Metal Copyright