Chinese mercury metal prices rising

BEIJING (Asian Metal) 20 Nov 12 – According to market participants, with the year end approaching, domestic mercury metal consumers are willing to take some procurement in stock as most of them afraid of the prices rising in the near future.Asian Metal Copyright “At the end of last week, we sold a small batch of about 2t of materials, and our dealing prices were a little more than RMB600kg USD96kg VAT included, while the prices this week have reached RMB610-620kg USD98-99kg VAT excluded,” said the source, with a monthly output of about 5-8t, but now halt production due to the safety problems.Asian Metal Copyright This week, the mercury metal prices has already showed uprising trend.Asian Metal Copyright999% is possibly to go up as high as RMB740-750kg USD118-120kg before the end of this year.Asian Metal Copyright Suppliers reveal that currently, the mercury metal 99.999% prices are RMB715/lb (USD114/kg) VAT included.

One producer with a monthly output of about 8-10t reported to Asian Metal that this week, the mercury metal prices in domestic market are increasing. “Our dealing prices 99.999% last week were still at RMB685/kg (USD110/kg), but this week the prices have arrived at RMB715/kg (USD114/kg),” said the source, revealing that the prices are still showing upward trend.Asian Metal Copyright Another producer also from domestic market confirmed with Asian Metal the rising prices for mercury metal 5N.Asian Metal Copyright According to the source, both inquiries and transactions increase these days.

Commenting on the future market, the source said that the prices of mercury metal 99.999% is possibly to go up as high as RMB740-750/kg (USD118-120/kg) before the end of this year.

Another producer also from domestic market confirmed with Asian Metal the rising prices for mercury metal 5N. “At the end of last week, we sold a small batch of about 2t of materials, and our dealing prices were a little more than RMB600/kg (USD96/kg) VAT included, while the prices this week have reached RMB610-620/kg (USD98-99/kg) VAT excluded,” said the source, with a monthly output of about 5-8t, but now halt production due to the safety problems.

Referring to the future market, the source also said that the mercury metal prices would go up continuously with the increasing demand and procurement from the downstream consumers as the year end is coming soon.
.Asian Metal Copyright “At the end of last week, we sold a small batch of about 2t of materials, and our dealing prices were a little more than RMB600kg USD96kg VAT included, while the prices this week have reached RMB610-620kg USD98-99kg VAT excluded,” said the source, with a monthly output of about 5-8t, but now halt production due to the safety problems.Asian Metal Copyright