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Mercury metal prices rebound slightly

2012-07-24 08:36:54  【Print】
BEIJING (Asian Metal) 24 Jul 12 – According to market participants, as the consumers of mercury metal have not taken purchase of raw materials during the past two or three month, and they are run out of stocks now, so they need to replenish mercury metal at the present time.Asian Metal Copyright999% increased slightly from RMB560-570kg USD88-89kg to RMB570-580kg USD89-91kg VAT excluded.Asian Metal Copyright As a result, the prices for mercury metal 99.999% increased slightly from RMB560-570/kg (USD88-89/kg) to RMB570-580/kg (USD89-91/kg) VAT excluded.

One supplier from South China with a monthly output of about 8-10t shared with Asian Metal that their dealing prices for mercury metal 99.999% this week increase to RMB580/kg (USD91/kg) from RMB570/kg (USD89/kg) last week. “In fact, we did not sell much when the prices were RMB570/kg (USD89/kg) or lower,” said the source, revealing that the prices will continue to go up further in the following days.

Commenting on the downstream industry, he said that the consumers do not replenish their stocks for a long time with the slow demand. “But they still need to buy raw materials if they do not halt production,” said the source, saying that the mercury metal prices will go up slightly in the near future.

One consumer of mercury metal from North China in the PVC industry also confirmed with Asian Metal that the prevailing prices for mercury metal 99.999% are see a rise of about RMB10/kg from RMB560-570/kg (USD88-89/kg) to RMB570-580/kg (USD89-91/kg) VAT excluded. “We just reduced our output during the past two months, but did not halt production, so we still need to buy mercury metal,” said the source, also noting that they have never bought materials at prices lower than RMB570/kg (USD89/kg).

The source also noted that their dealing prices are usually valued added tax included. “So our dealing prices are much higher than these in the free market,” revealed the source, saying that the PVC industry does not show rebounding signs.

.Asian Metal Copyright “In fact, we did not sell much when the prices were RMB570kg USD89kg or lower,” said the source, revealing that the prices will continue to go up further in the following days.Asian Metal Copyright