Chinese mercury metal prices firm
2024-03-12 08:30:16 [Print]
BEIJING (Asian Metal) 12 Mar 24 - Under the tight supply and bullish attitudes of suppliers, the present mainstream prices of Chinese mercury metal 99.9%min stand at RMB980-990/t (USD136.2-137.6/kg) Ex-VAT EXW D/P, without much change from late last week. Consumers only buy from hand to mouth under the high prices, while suppliers plan to hold their prices firm due to the tight supply. Given the current market, insiders predict that the mainstream prices of Chinese mercury metal would stand at the present level this week.
A trader in Guizhou offers RMB990/kg (USD137.6/kg) Ex-VAT EXW D/P and refuses prices lower than RMB980/kg (USD136.2/kg) for mercury metal 99.9%min today, the same as late last week. "Supply in spot market remains very tight and producers hold back from selling now", said the trader, adding that they failed to close any deal today and last sold 1t at RMB980/kg (USD136.2/kg) late last week. The trader stressed that only a few clients could accept the current high prices and those who have demand only buy from hand to mouth for fear of reducing prices. But given the tight supply, they anticipate that the mainstream prices of Chinese mercury metal would go up this week.
With a typical monthly trading volume of around 5t, they expect to sell about 5t this month, down by about 1t MoM. They hold around 2t of stocks now.
"Supply of mercury metal still remains very tight and suppliers prefer to hold their prices firm. Therefore, we forecast that the prevailing prices of Chinese mercury metal would remain firm this week", noted a consumer in Guizhou, who got an offer at RMB995/kg (USD138.3/kg) Ex-VAT EXW D/P for mercury metal 99.9%min today and the supplier couldn't accept any lower prices, in line with late last week. They consider to place orders this week while they last bought 3t at RMB970/kg (USD134.8/kg) Ex-VAT EXW D/P on February 21. The consumer disclosed that they only buy from hand to mouth based on orders they received under such high prices.
With an annual consumption capacity of 150t, the consumer estimates to consume about 3t this month, without much change MoM. They hold around 0.5t of stocks for the time being.
A trader in Guizhou offers RMB990/kg (USD137.6/kg) Ex-VAT EXW D/P and refuses prices lower than RMB980/kg (USD136.2/kg) for mercury metal 99.9%min today, the same as late last week. "Supply in spot market remains very tight and producers hold back from selling now", said the trader, adding that they failed to close any deal today and last sold 1t at RMB980/kg (USD136.2/kg) late last week. The trader stressed that only a few clients could accept the current high prices and those who have demand only buy from hand to mouth for fear of reducing prices. But given the tight supply, they anticipate that the mainstream prices of Chinese mercury metal would go up this week.
With a typical monthly trading volume of around 5t, they expect to sell about 5t this month, down by about 1t MoM. They hold around 2t of stocks now.
"Supply of mercury metal still remains very tight and suppliers prefer to hold their prices firm. Therefore, we forecast that the prevailing prices of Chinese mercury metal would remain firm this week", noted a consumer in Guizhou, who got an offer at RMB995/kg (USD138.3/kg) Ex-VAT EXW D/P for mercury metal 99.9%min today and the supplier couldn't accept any lower prices, in line with late last week. They consider to place orders this week while they last bought 3t at RMB970/kg (USD134.8/kg) Ex-VAT EXW D/P on February 21. The consumer disclosed that they only buy from hand to mouth based on orders they received under such high prices.
With an annual consumption capacity of 150t, the consumer estimates to consume about 3t this month, without much change MoM. They hold around 0.5t of stocks for the time being.
