Chinese zircon sand prices softening
2023-03-28 08:22:04 [Print]
BEIJING (Asian Metal) 28 Mar 23 - Depressed by the slow purchases in China, the current mainstream prices of zircon sand 65%min in China edge down by RMB100/t (USD29/t) to RMB15,300-15,600/t (USD2,224-2,267/t) EXW D/P from early last week. Given the few orders, insiders predict the mainstream prices of zircon sand 65%min in China would edge down further next week.
A producer in Guangxi revealed that he could close at least one or two deals a week in the first half of March, but he didn't close any deals in the past two weeks. "My current offer for zircon sand 65%min stands at RMB15,700/t (USD2,282/t) EXW /DP with the discount of RMB200/t (USD29/t) at most for firm bids, and I insisted on RMB15,700/t (USD2,282/t) with no discount early last week, and I last sold 200t at RMB15,500/t (USD2,253/t) in early March," revealed the producer on Monday. Given the sluggish demand, he predicts the mainstream prices of zircon sand 65%min would edge down further next week but would not become below RMB15,000/t (USD2,180/t) EXW D/P supported by the high production cost.
With an annual production capacity of 24,000t, the producer expects to output around 1,000t this month, unchanged from last month, holding about 1,000t in stock.
A consumer in Guangdong disclosed that he bought 100t of zircon sand 65%min with whiteness 88 at RMB15,500/t (USD2,253/t) EXW D/P on Monday from a supplier who insisted on RMB15,600/t (USD2,268/t) early last week. "Even though the intermediate zircon ore supply keeps tight, some plants could give slightly discount of RMB100-200/t (USD14-29/t) this week dragged by the sluggish demand from zirconium silicate," revealed the consumer on Monday. He added that he usually could use at least 500t of zircon sand 65%min a month but would only use 300t at most in March, and he foresees the mainstream prices of zircon sand 65%min in China still have narrow room to go down next week.
With an annual consumption capacity of 12,000t, the consumer expects to consume all various level of zircon sand at around 500t this month, unchanged from last month, holding about 300t in stock.
A producer in Guangxi revealed that he could close at least one or two deals a week in the first half of March, but he didn't close any deals in the past two weeks. "My current offer for zircon sand 65%min stands at RMB15,700/t (USD2,282/t) EXW /DP with the discount of RMB200/t (USD29/t) at most for firm bids, and I insisted on RMB15,700/t (USD2,282/t) with no discount early last week, and I last sold 200t at RMB15,500/t (USD2,253/t) in early March," revealed the producer on Monday. Given the sluggish demand, he predicts the mainstream prices of zircon sand 65%min would edge down further next week but would not become below RMB15,000/t (USD2,180/t) EXW D/P supported by the high production cost.
With an annual production capacity of 24,000t, the producer expects to output around 1,000t this month, unchanged from last month, holding about 1,000t in stock.
A consumer in Guangdong disclosed that he bought 100t of zircon sand 65%min with whiteness 88 at RMB15,500/t (USD2,253/t) EXW D/P on Monday from a supplier who insisted on RMB15,600/t (USD2,268/t) early last week. "Even though the intermediate zircon ore supply keeps tight, some plants could give slightly discount of RMB100-200/t (USD14-29/t) this week dragged by the sluggish demand from zirconium silicate," revealed the consumer on Monday. He added that he usually could use at least 500t of zircon sand 65%min a month but would only use 300t at most in March, and he foresees the mainstream prices of zircon sand 65%min in China still have narrow room to go down next week.
With an annual consumption capacity of 12,000t, the consumer expects to consume all various level of zircon sand at around 500t this month, unchanged from last month, holding about 300t in stock.
