Chinese zirconium silicate market remains inactive
2023-03-09 08:30:19 [Print]
BEIJING (Asian Metal) 9 Mar 23 - Supported by the high prices of raw material but dampened by the sluggish demand, the current mainstream prices of zirconium silicate 64%min in China hover at RMB17,000-17,500/t (USD2,452-2,524/t) EXW D/P, unchanged from early last week. Given the firm offers from suppliers, insiders predict the mainstream prices of zirconium silicate 64%min in China would keep stable next week.
A producer in Fujian disclosed that one of his major clients from ceramic plant keeps four out of eight production lines running after the Spring Festival, and the operation rate increased slightly against January but remains much lower than the same period last year. "My current offer for zirconium silicate 64%min stands at RMB17,500/t (USD2,524/t) delivered D/A 180 days covered the logistic of around RMB100/t (USD14/t) at most, and I sold 100t at RMB17,300/t (USD2,495/t) yesterday, in line with my prices early last week," revealed the producer on Wednesday. He added that the price of zircon sand 65%min firmly stands at RMB15,500/t (USD2,235/t) and he couldn't accept any prices lower than RMB17,000/t (USD2,452/t) EXW D/P, and he foresees the mainstream prices of zirconium silicate 64%min in China would remains firm next week despite the unrecovered demand.
With an annual production capacity of 60,000t, the producer foresees to produce around 3,000t this month, unchanged from last month, holding about 3,000t in stock.
Another producer in Guangdong disclosed that the purchase from ceramic plants remain slow, and most of his client only maintain the operation below 50%, almost unchanged from that in January. "My current offer for zirconium silicate 64%min stays at RMB17,500/t (USD2,524/t) EXW D/P with the discount of RMB300/t (USD43/t) at most for firm bids, and I last sold 60t at RMB17,200/t (USD2,480/t) early last week," revealed the producer on Wednesday. He added that his output in February only maintained around half of his regular level dragged by the sluggish demand, but he would hold prices firm and predict the mainstream prices would keep firm next week as the zircon sand prices firmly stands at around RMB15,500/t (USD2,235/t).
The producer, based on an annual production capacity of 25,000t, plans to produce around 1,000t this month, stable from last month, holding about 1,000t in stock.
A producer in Fujian disclosed that one of his major clients from ceramic plant keeps four out of eight production lines running after the Spring Festival, and the operation rate increased slightly against January but remains much lower than the same period last year. "My current offer for zirconium silicate 64%min stands at RMB17,500/t (USD2,524/t) delivered D/A 180 days covered the logistic of around RMB100/t (USD14/t) at most, and I sold 100t at RMB17,300/t (USD2,495/t) yesterday, in line with my prices early last week," revealed the producer on Wednesday. He added that the price of zircon sand 65%min firmly stands at RMB15,500/t (USD2,235/t) and he couldn't accept any prices lower than RMB17,000/t (USD2,452/t) EXW D/P, and he foresees the mainstream prices of zirconium silicate 64%min in China would remains firm next week despite the unrecovered demand.
With an annual production capacity of 60,000t, the producer foresees to produce around 3,000t this month, unchanged from last month, holding about 3,000t in stock.
Another producer in Guangdong disclosed that the purchase from ceramic plants remain slow, and most of his client only maintain the operation below 50%, almost unchanged from that in January. "My current offer for zirconium silicate 64%min stays at RMB17,500/t (USD2,524/t) EXW D/P with the discount of RMB300/t (USD43/t) at most for firm bids, and I last sold 60t at RMB17,200/t (USD2,480/t) early last week," revealed the producer on Wednesday. He added that his output in February only maintained around half of his regular level dragged by the sluggish demand, but he would hold prices firm and predict the mainstream prices would keep firm next week as the zircon sand prices firmly stands at around RMB15,500/t (USD2,235/t).
The producer, based on an annual production capacity of 25,000t, plans to produce around 1,000t this month, stable from last month, holding about 1,000t in stock.
