Chinese zinc oxide prices edge up
2024-03-12 08:33:44 [Print]
BEIJING (Asian Metal) 12 Mar 24 – Most Chinese sellers of zinc oxide raised prices of zinc oxide following prices of zinc ingot last week. The current mainstream prices of Chinese zinc oxide 99.7%min Pb0.008%max stand at RMB19,000-19,500/t (USD2,639-2,708/t) EXW D/P, up by about RMB200/t (USD28/t) from early last week. Given the weak demand, insiders predict that the mainstream prices of Chinese zinc oxide would keep stable within this week.
A producer in Jiangsu noted that they quoted RMB19,500/t (USD2,708/t) EXW D/P for zinc oxide 99.7%min Pb0.008%max with no concessions today, up by about RMB500/t (USD6.9/t) from early last week. "We raised prices of zinc oxide following prices of zinc ingot late last week", said the producer, who sold about 60t at RMB19,500/t (USD2,708/t) today and sold about 30t at RMB19,000/t (USD2,639/t) early last week. Considering that most clients purchase from hand to mouth due to weak demand, they predict that the mainstream prices of Chinese zinc oxide would keep stable within this week.
On basis of an annual production capacity of 60,000t of zinc oxide, the producer would produce about 2,000t in March, up by about 1,000t from last month. They hold no stocks presently, unchanged from late last month.
"We raised prices of zinc oxide 99.8%min Pb0.008%max by about RMB800/t (USD111/t) to about RMB22,300/t (USD3,097/t) without any counteroffer late last week as prices of zinc ingot increased", another producer in Shanghai noted, adding that most of our clients hold back from purchasing at the moment as prices increased. They just sold about 5t at RMB22,300/t (USD3,097/t) late last week. They anticipate that the mainstream prices of Chinese zinc oxide would maintain stable within this week.
The producer, with an annual production capacity of 20,000t of zinc oxide, would produce about 250t in March, stable from last month. They achieved an output of about 5,000t in 2023. They hold about 300t of stocks presently, stable from late last month.
A producer in Jiangsu noted that they quoted RMB19,500/t (USD2,708/t) EXW D/P for zinc oxide 99.7%min Pb0.008%max with no concessions today, up by about RMB500/t (USD6.9/t) from early last week. "We raised prices of zinc oxide following prices of zinc ingot late last week", said the producer, who sold about 60t at RMB19,500/t (USD2,708/t) today and sold about 30t at RMB19,000/t (USD2,639/t) early last week. Considering that most clients purchase from hand to mouth due to weak demand, they predict that the mainstream prices of Chinese zinc oxide would keep stable within this week.
On basis of an annual production capacity of 60,000t of zinc oxide, the producer would produce about 2,000t in March, up by about 1,000t from last month. They hold no stocks presently, unchanged from late last month.
"We raised prices of zinc oxide 99.8%min Pb0.008%max by about RMB800/t (USD111/t) to about RMB22,300/t (USD3,097/t) without any counteroffer late last week as prices of zinc ingot increased", another producer in Shanghai noted, adding that most of our clients hold back from purchasing at the moment as prices increased. They just sold about 5t at RMB22,300/t (USD3,097/t) late last week. They anticipate that the mainstream prices of Chinese zinc oxide would maintain stable within this week.
The producer, with an annual production capacity of 20,000t of zinc oxide, would produce about 250t in March, stable from last month. They achieved an output of about 5,000t in 2023. They hold about 300t of stocks presently, stable from late last month.
