Chinese zirconium oxychloride prices down
2023-04-04 08:30:52 [Print]
BEIJING (Asian Metal) 4 Apr 23 - Dragged by the sluggish demand, the current mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China edged down by RMB200/t (USD29/t) to RMB17,300-17,800/t (USD2,510-2,583/t) EXW D/P from early last week. Given the softening prices of raw materials, insiders predict the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China still have room to move down next week.
A consumer in South China revealed that he purchased 60t of zirconium oxychloride 36%min Fe5-8ppm at RMB17,500/t (USD2,540/t) delivered D/P covered the logistic of RMB200/t (USD29/t) on Monday from a supplier who insisted on RMB17,800/t (USD2,583/t) early last week. "My consumption in March curtailed by at least 20% against February dragged by the shrinking orders of my ending products, and the major producer gave some discount to boot sales this week," revealed the consumer on Monday. He added that the zircon sand prices show downward trend, and he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China still have room to go down next week.
The consumer, based on an annual consumption capacity of 1,500t of oxychloride 36%min, predicts to use around 90t in April, almost unchanged from last month, keeping around 50t in stock.
Another consumer in South China disclosed that he could access RMB17,700/t (USD2,569/t) delivered D/A 180 days with the transports of around RMB200/t (USD29/t) on Monday who insisted on RMB18,000/t (USD2,612/t) early last week. "I last bought 100t at RMB18,000/t (USD2,612/t) two weeks ago, and I prefer to wait for another week upon my sufficient stocks due to my cut consumption in March, and I believe prices of zirconium oxychloride 36%min Fe5-8ppm in China still show downward trend as the zircon sand prices soften now," revealed the consumer on Monday.
With an annual consumption capacity of 3,600t of oxychloride 36%min, the consumer predicts to use around 150t in April, down by about 50t from last month, keeping around 100t in stock.
A consumer in South China revealed that he purchased 60t of zirconium oxychloride 36%min Fe5-8ppm at RMB17,500/t (USD2,540/t) delivered D/P covered the logistic of RMB200/t (USD29/t) on Monday from a supplier who insisted on RMB17,800/t (USD2,583/t) early last week. "My consumption in March curtailed by at least 20% against February dragged by the shrinking orders of my ending products, and the major producer gave some discount to boot sales this week," revealed the consumer on Monday. He added that the zircon sand prices show downward trend, and he predicts the mainstream prices of zirconium oxychloride 36%min Fe5-8ppm in China still have room to go down next week.
The consumer, based on an annual consumption capacity of 1,500t of oxychloride 36%min, predicts to use around 90t in April, almost unchanged from last month, keeping around 50t in stock.
Another consumer in South China disclosed that he could access RMB17,700/t (USD2,569/t) delivered D/A 180 days with the transports of around RMB200/t (USD29/t) on Monday who insisted on RMB18,000/t (USD2,612/t) early last week. "I last bought 100t at RMB18,000/t (USD2,612/t) two weeks ago, and I prefer to wait for another week upon my sufficient stocks due to my cut consumption in March, and I believe prices of zirconium oxychloride 36%min Fe5-8ppm in China still show downward trend as the zircon sand prices soften now," revealed the consumer on Monday.
With an annual consumption capacity of 3,600t of oxychloride 36%min, the consumer predicts to use around 150t in April, down by about 50t from last month, keeping around 100t in stock.
