8th World Antimony Forum

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Guiyang, Guizhou, China

12th Rare Earth Summit

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Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

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Hangzhou, Zhejiang, China

9th Magnesium Summit

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June 13-14, 2019
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Chinese mercury metal market sees lower prices and fewer transactions

2019-04-18 13:44:02   【Print】
BEIJING (Asian Metal) 18 Apr 19 - Mainstream transaction prices for Chinese mercury metal 99.9%min stand at RMB350-360/kg (USD52.Asian Metal Copyright77kg in early April.Asian Metal Copyright30-53.79/kg) Ex-VAT EXW now, down by RMB10/kg (USD1.49/kg) from last week.Asian Metal Copyright" They sold 3t of the material at RMB400kg USD59.Asian Metal Copyright Downstream consumers were forced to reduce mercury consumption due to strict environmental inspections and major consumers added and debugged equipment recently, so the demand for mercury metal dropped and transactions for the material were limited.Asian Metal Copyright9%min stand at RMB350-360kg USD52.Asian Metal Copyright Mercury metal prices are expected to go down further in the coming week.

A consumer in Guizhou disclosed that they are offered RMB360/kg (USD53.79/kg) Ex-VAT EXW for mercury metal 99.9%min at least now, down by RMB10/kg (USD1.49/kg) from late last week. They plan to purchase 2t at RMB360/kg (USD53.79/kg) late this week. The source noted, "We last purchased 30t of the material at RMB390/kg (USD58.28/kg) in early March.Asian Metal Copyright75kg in the coming week.Asian Metal Copyright Environmental inspection became stricter after the explosion accident in Xiangshui Industrial Park of Jiangsu Province, leading to scarce orders from downstream market, so purchases also decreased.Asian Metal Copyright They plan to purchase 2t at RMB360kg USD53.Asian Metal Copyright" He added that less consumption of mercury is required to be used by the government, so consumers held a strong wait-and-see attitude. Mercury metal prices are expected to drop by about RMB5/kg (USD0.75/kg) in the coming week.

With an annual consumption capacity of 180t for mercury metal, the company expects to use 15t in April, unchanged from last month, holding about 15t of stocks now.

A producer in Guizhou offered RMB360/kg (USD53.79/kg) Ex-VAT EXW for mercury metal 99.9%min on Wednesday and could accept a counteroffer of RMB10/kg (USD1.49/kg) at most.Asian Metal Copyright Mercury metal prices are expected to go down further in the coming week.Asian Metal Copyright They received no enquiries yet this week. They made the lowest offer of RMB360/kg (USD53.79/kg) last week.Asian Metal Copyright79kg Ex-VAT EXW for mercury metal 99.Asian Metal Copyright The source noted, "Affected by stricter environmental inspections from central and local governments, downstream consumers signed fewer orders and only purchased from hand to mouth.Asian Metal Copyright Orders from downstream market is hard to pick up in a short period of time, so he expects mercury metal prices would drop by about RMB5kg USD0.Asian Metal Copyright We halted production in the middle of this month due to closing few orders and have no resumption plan for the time being." They sold 3t of the material at RMB400/kg (USD59.77/kg) in early April. Orders from downstream market is hard to pick up in a short period of time, so he expects mercury metal prices would drop by about RMB5/kg (USD0.75/kg) in the coming week and transactions would not improve.

With an annual capacity of 240t for mercury metal, the company produced 20t in March, and only saw 10t in April, holding about 10t of stocks now.


.Asian Metal Copyright49kg from late last week.Asian Metal Copyright