Chinese zircon sand suppliers hold prices firm
2023-03-13 09:09:48 [Print]
BEIJING (Asian Metal) 13 Mar 23 - Upon the decreasing supply of raw material, the current mainstream prices of zircon sand 65%min in China firmly stand at RMB15,200-15,500/t (USD2,192-2,235/t) EXW D/P, unchanged from early last week, while the spot market sees slow purchases. Given the tight supply of raw material and the slow demand, insiders foresee the mainstream prices of zircon sand 65%min in China would keep stable this week.
A consumer in Guangdong disclosed that he bought 100t of zircon sand 65%min whiteness 90 at RMB15,500/t (USD2,235/t) delivered D/P covered the logistic of RMB100/t (USD14/t) last Friday, in line with the supplier's price early last week. "All my three suppliers hold prices firm upon the decreasing supply of intermediate ore and increasing purchase cost upon the depreciating CNY against USD, and now I only purchase 100t every week instead of 200t upon the slow demand of zirconium silicate," revealed the consumer last Friday. He predicts the mainstream prices of zircon sand 65%min in China would go steady this week upon the firm offers from suppliers and slow purchases.
With an annual consumption capacity of 15,000t, the consumer expects to use around 500t in March, unchanged from February, holding about 300t in stock.
A producer in Hainan revealed that his current offer of zircon sand 65%min stands at RMB15,800/t (USD2,278/t) EXW D/P with the discount of RMB300/t (USD43/t) at most for regular clients, in line with his price early last week, and he sold 200t at RMB15,500/t (USD2,235/t) last Friday. "I couldn't mark prices down as the supply of intermediate zircon ore turned tight from South Africa, additionally, the depreciating CNY makes my purchase cost increasing," disclosed the producer last Friday. He added that the demand from zirconium silicate plants remains slow, but he would hold price firm and foresees the mainstream prices of zircon sand 65%min in China would keep stable this week.
With an annual production capacity of 30,000t, the producer expects to output around 1,500t this month, unchanged from last month, holding about 2,000t in stock.
A consumer in Guangdong disclosed that he bought 100t of zircon sand 65%min whiteness 90 at RMB15,500/t (USD2,235/t) delivered D/P covered the logistic of RMB100/t (USD14/t) last Friday, in line with the supplier's price early last week. "All my three suppliers hold prices firm upon the decreasing supply of intermediate ore and increasing purchase cost upon the depreciating CNY against USD, and now I only purchase 100t every week instead of 200t upon the slow demand of zirconium silicate," revealed the consumer last Friday. He predicts the mainstream prices of zircon sand 65%min in China would go steady this week upon the firm offers from suppliers and slow purchases.
With an annual consumption capacity of 15,000t, the consumer expects to use around 500t in March, unchanged from February, holding about 300t in stock.
A producer in Hainan revealed that his current offer of zircon sand 65%min stands at RMB15,800/t (USD2,278/t) EXW D/P with the discount of RMB300/t (USD43/t) at most for regular clients, in line with his price early last week, and he sold 200t at RMB15,500/t (USD2,235/t) last Friday. "I couldn't mark prices down as the supply of intermediate zircon ore turned tight from South Africa, additionally, the depreciating CNY makes my purchase cost increasing," disclosed the producer last Friday. He added that the demand from zirconium silicate plants remains slow, but he would hold price firm and foresees the mainstream prices of zircon sand 65%min in China would keep stable this week.
With an annual production capacity of 30,000t, the producer expects to output around 1,500t this month, unchanged from last month, holding about 2,000t in stock.
