Chinese zinc die-casting alloy market sees soft demand
2023-03-16 11:53:06 [Print]
BEIJING (Asian Metal) 16 Mar 23 – The market demand for zinc die-casting alloy shows weak this week, and the order volume of producers is lower than that of the same period last year. The mainstream prices of Chinese zinc die-casting alloy Zamak-3 stood at RMB23,120-23,320/t (USD3,347-3,376/t) this Wednesday, down by about RMB50/t (USD7.24/t) from Tuesday. At present, zinc alloy downstream customers receive few orders, and insiders predict that the prices of Chinese zinc die-casting alloy would remain relatively stable in the coming week.
A producer in East China noted that the current weak demand of zinc die-casting alloy market led to an increase in their zinc alloy inventory from about 200t last month to about 300t at present. "We could accept the price as low as RMB23,120/t (USD3,347/t) delivered for zinc die-casting alloy Zamak-3 on Wednesday, and refused to sell at the price lower than RMB23,170/t (USD3,354/t) delivered on Tuesday. We sold 30t at RMB23,120/t (USD3,347/t) delivered today and 5t at RMB23,270/t (USD3,369/t) delivered on Tuesday", the source said, adding that currently downstream consumers have sparse orders, and predicts that the prices of Chinese zinc die-casting alloy would remain weak in the following week.
With an annual production capacity of 50,000t of zinc die-casting alloy, the producer produced around 17,500t in 2022. The producer output about 2,000t in February and expects to produce 1,800t or so in March, holding about 500t of zinc alloy stocks presently.
Another producer in East China claimed that their zinc alloy orders in March this year decreased by about 20% compared with the same period last year, and the purchase volume of downstream consumers declined significantly. "We could accept the price as low as RMB23,420/t (USD3,391/t) delivered 30 days T/T for zinc die-casting alloy Zamak-3 on Wednesday, and refuse to sell at the price lower than RMB23,470/t (USD3,398/t) delivered 30 days T/T on Thursday. We sold 32t at RMB23,420/t (USD3,391/t) delivered 30 days T/T today and 20t at RMB23,470/t (USD3,398/t) delivered 30 days T/T on Tuesday", the source mentioned, adding that at present their shipment pressure appears higher and the demand of zinc alloy market presents weak, and expects that the prices of Chinese zinc die-casting alloy would keep soft in the upcoming week.
With an annual production capacity of 10,000t of zinc die-casting alloy, the producer saw an output of around 5,800t in 2022. The producer output about 300t in February and expects to produce 550t or so in March, holding about 150t of stocks at the moment.
A producer in East China noted that the current weak demand of zinc die-casting alloy market led to an increase in their zinc alloy inventory from about 200t last month to about 300t at present. "We could accept the price as low as RMB23,120/t (USD3,347/t) delivered for zinc die-casting alloy Zamak-3 on Wednesday, and refused to sell at the price lower than RMB23,170/t (USD3,354/t) delivered on Tuesday. We sold 30t at RMB23,120/t (USD3,347/t) delivered today and 5t at RMB23,270/t (USD3,369/t) delivered on Tuesday", the source said, adding that currently downstream consumers have sparse orders, and predicts that the prices of Chinese zinc die-casting alloy would remain weak in the following week.
With an annual production capacity of 50,000t of zinc die-casting alloy, the producer produced around 17,500t in 2022. The producer output about 2,000t in February and expects to produce 1,800t or so in March, holding about 500t of zinc alloy stocks presently.
Another producer in East China claimed that their zinc alloy orders in March this year decreased by about 20% compared with the same period last year, and the purchase volume of downstream consumers declined significantly. "We could accept the price as low as RMB23,420/t (USD3,391/t) delivered 30 days T/T for zinc die-casting alloy Zamak-3 on Wednesday, and refuse to sell at the price lower than RMB23,470/t (USD3,398/t) delivered 30 days T/T on Thursday. We sold 32t at RMB23,420/t (USD3,391/t) delivered 30 days T/T today and 20t at RMB23,470/t (USD3,398/t) delivered 30 days T/T on Tuesday", the source mentioned, adding that at present their shipment pressure appears higher and the demand of zinc alloy market presents weak, and expects that the prices of Chinese zinc die-casting alloy would keep soft in the upcoming week.
With an annual production capacity of 10,000t of zinc die-casting alloy, the producer saw an output of around 5,800t in 2022. The producer output about 300t in February and expects to produce 550t or so in March, holding about 150t of stocks at the moment.
